The new addition, which has been in beta with selected clients for over a year, will provide asset managers with tools to analyse how they compete with other money managers.
According to Trade Informatics, a provider of quantitative analytics solutions, the new update addresses the increasing need of asset owners to use peer reporting to benchmark themselves relative to industry competitors.
Peer Analysis will draw from trading activity from 80 countries, with firms placed into peer groups with those that align with their own characteristics. The solution is intended to help asset owners understand sources of cost and return by region, while also giving them a better understanding of market caps, order size and momentum.
Joe Hipps, managing director at Trade Informatics, said: “Recognising that every firm has different order flow and trading criteria, the Trade Informatics approach to peer analysis ensures clients will be benchmarked against activity similar to theirs, providing a more accurate picture of relative performance.”