FactSet Research Systems (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced a partnership with The Wall Street Transcript, whose MeetMax CAM software is a leading provider of meeting and event management tools for investment banks.
Under the agreement, sell-side clients of The Wall Street Transcript (TWST) can deliver complete and accurate records of their Corporate Access and Analyst Meeting activity to their buy-side clients through the FactSet platform.
TWST data will serve as an excellent complement to FactSet's already extensive event and research management tools. Alongside the fully integrated TWST data, FactSet users can add notes on the meetings they attended, score meetings, and analyze meeting data. By connecting TWST's sell-side corporate access data with FactSet analytics, buy-side clients can quickly see who is contributing to their process and compensate appropriately for that.
Eric Weitzman, Vice President, Product Development at FactSet, says that with the additional data, FactSet's buy-side clients will be able to "view all meetings set up by brokers to easily reconcile and score meetings for broker vote and compensation, and, for compliance, be able to pinpoint holding changes that occurred directly after meeting with the company."
Andy Pickup, CEO of The Wall Street Transcript explains, "Corporate Access is a vital component of the buy-side's investment process. The buy-side wants to track this information and to allocate appropriate payment for it -- but they need the correct data to do it. Many sell-side firms have found it difficult to provide this data in a timely and accurate manner. Well, now they can."