Thomson Reuters and Palantir Technologies today announced an exclusive agreement to create a next-generation financial analysis platform, QA Studio.
QA Studio is an innovative new addition to Thomson Reuters suite of quantitative driven products and extends Palantir's sophisticated intelligence software into the financial markets.
"Thomson Reuters is thrilled to be working with Palantir. The combination of Thomson Reuters must-have content and Palantir's ground-breaking software will transform the global financial analysis market," said Albert Lojko, Global Head Core Platform and Quantitative Analytics for Thomson Reuters. "Our alliance with Palantir allows us to meet the growing demands of our buy side clients for more sophisticated yet accessible research techniques to support their increasingly quantitative and data intensive strategies."
QA Studio enables analysts to explore data, construct model portfolios, easily identify hidden patterns within data, test alpha strategies and collaborate with other users. The user interface is extremely intuitive and based on a collection of modular applications and documents that can be shared. Plus, users who are comfortable writing code can create custom metrics and strategies in a java-based language. QA Studio is based on similar platforms broadly deployed by Palantir Technologies in the intelligence, defense and law enforcement communities.
"Both Thomson Reuters and Palantir are committed to bringing innovative technologies to our customers," said Palantir co-founder and chief executive officer, Dr. Alexander Karp. "We are delighted to partner with Thomson Reuters to provide a revolutionary solution that will fundamentally change the way financial analysis is created and shared."