FactSet and ComplianceGuard (CG) Blockchain have partnered to provide clients with order and execution management (OEM) combined with blockchain technology.
Through the partnership, FactSet clients will have access to CG Blockchain products, while CG Blockchain’s clients will have access to FactSet’s Portware execution and OEM capabilities.
OEM capabilities can be used for trade execution, analysis, order generation, and compliance.
According to FactSet, its partnership with CG Blockchain is said to be one of the first in the industry where blockchain technology has been directly integrated with an OEMS for instant recording of transactions to a distributed ledger.
John Adam, senior vice president, global head of portfolio management and trading solutions, at FactSet, said: “CG Blockchain has harnessed a new, innovative technology that raises the bar for compliance. The integration of Fundstore and FactSet original equipment manufacturer OEMS will offer institutional investors visibility and timeliness that was previously unavailable from a third party.”
Bob Bonomo, president at CG Blockchain, commented: “This mutually beneficial alliance plugs FactSet into the multi-hundred billion-dollar blockchain market that is currently experiencing exponential growth—and it gives FactSet clients access to institutional-grade blockchain-based apps and tokenised ecosystems. Each of these factors positions FactSet for increased market share and places it at the forefront of this industry segment.”
