Product Overview of FactSet
FactSet Research Systems is a comprehensive financial data and analysis platform designed to support the needs of investment professionals, including investment managers, hedge funds, investment bankers, and other financial industry stakeholders.
What FactSet Does
FactSet consolidates and analyzes vast amounts of financial data from global markets, public and private companies, and equity and fixed-income portfolios. The platform aims to enhance the performance of investment professionals by providing analytical insights and tools necessary for financial analysis and reporting.
Key Features and Functionality
Data Consolidation and Analytics
FactSet integrates data from multiple financial information resources into a single, accessible platform. This includes market analytics, financial content, stock screening, customized data analytics, and more. Users can access global market data, including indices, gainers and losers, volume, economic reports, and compare market performances across different countries and regions.
Market and Economic Insights
The platform offers real-time quotes on equities, bonds, commodities, currencies, and indices through components like Market Watch. It also provides economic data releases, economic information by country or region, and economic data comparisons and estimates. Users can chart market data and economic series to visualize trends and patterns.
Company and Security Information
FactSet provides detailed information on public and private companies, including financials, reports, estimates, and valuations. Users can search for corporate filings and transcripts, and access ownership details, recent activity, and key ownership statistics about companies, officers, and directors.
Portfolio Management
The platform allows users to create, track, and evaluate portfolios and custom composites in real time. It includes features for portfolio analysis, performance attribution, and risk management, enabling users to make informed investment decisions.
Screening and Research
FactSet offers robust screening tools to identify potential investment opportunities, track trends, and find precedent transactions. Users can screen equities and ideas, and access research management tools to stay updated with market news, company news, and investment research.
Customization and Integration
The platform is highly customizable, allowing users to personalize their workspaces according to their specific needs. FactSet integrates seamlessly with Microsoft Office applications, adding extensive functionality to tools like Excel, Word, and PowerPoint. It also supports various data formats and can be accessed via FactSet Workstation, Web, and mobile applications, ensuring a seamless experience across different devices.
Compliance and Security
FactSet emphasizes strong corporate governance and compliance. The platform stores all user data securely in hybrid cloud environments, ensuring data synchronization across different platforms. It also provides tools for compliance monitoring and regulatory reporting.
Global Accessibility
With 37 offices in 20 countries and a global presence through multiple data centers and public cloud implementations, FactSet serves financial professionals worldwide. The platform is designed to be used anywhere, anytime, with automatic updates and efficient network management to ensure optimal performance.
Conclusion
In summary, FactSet is a powerful financial data and analysis platform that provides a wide range of features and functionalities to support the complex needs of investment professionals. Its ability to consolidate data, offer real-time insights, and provide customizable tools makes it a leading solution in the financial industry.