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Reuters and Prediction Dynamics in financial modeling pact

09 July 2002  |  2996 views  |  0 Reuters and Prediction Dynamics in financial modeling pact

Reuters and Prediction Dynamics have signed a marketing agreement to jointly promote and integrate their respective DataScope market data and Crucible financial modelling products.

Reuters' DataScope global historical market data feed service delivers end of day prices, corporate actions, foreign exchange and global cross-reference informaiton. The service will be integrated with Prediction Dynamics' Crucible financial modeling infrastructure platform providing a tool for organisations to build accurate, predictive time-series models for financial markets.

The companies plan to target the combined solution at hedge fund and financial risk managers and research groups engaged in developing and refining quantitative trading strategies.

Paul Donnelly, chief executive officer of Prediction Dynamics, says: "Crucible is based on a revolutionary new approach that uses historic data, such as that provided by Reuters DataScope, to build consistently accurate predictive financial models. The predictions produced by these models can be used to drive profitable systematic trading strategies or to actively manage financial risk."
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