Through the collaboration, CLS clients will have the option to use SIGTech’s cloud-hosted Python-based research platform to perform tailored analyses of CLSMarketData - the largest single source of FX executed trade data available to the market.

The collaboration will address increasing demand from model-driven investors who may not have sufficient resources or computing power to evaluate large scale data, particularly to find signals from multiple datasets across different asset classes.

Masami Johnstone, Head of Information Services, CLS, said: “The collaboration with SIGTech is a revolutionary step forward for understanding FX market dynamics using a sophisticated quantitative method. Our aim is to help clients realize the value of CLSMarketData by leveraging SIGTech’s expertise in multi-asset systematic investing. We have seen rising demand from market participants, especially in the mid-market, to help with data testing.

“For example, evaluating CLS’s FX alternative data against traditional market data from various venues can be resource intensive. Through this latest initiative, a broader segment of the market will gain access to SIGTech’s strong expertise in signal detection and backtesting, enabling quantitative researchers and portfolio managers to focus on enhancing their strategies.”

Bin Ren, Founder and CEO of SIGTech, added: “In-depth data analysis requires significant time, resources and expertise. Our unique full-service platform, which has been extensively tested and refined over a seven-year period before launching, takes care of the onboarding, cleaning, validation and normalization of data. When used with our industry-leading backtest engine and portfolio analytics, a portfolio manager can reduce the time required for investment strategy development and deployment by up to 90 percent.

“Now, more than ever, there is significant and growing demand for unique alternative data and analytics platforms which help investors enhance their investment decisions. We are delighted to be collaborating with a market leader like CLS to bring the value of the largest single source of FX alternative data, seamlessly integrated with the best systematic investing platform, to a growing set of clients.”