Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Barry Star, Wall Street Horizon

28736

40 per cent of institutional investors have lost more than USD10,000 due to bad corporate event data

RELATED TOPICS​

Companies are increasingly incorporating corporate event data into their trading strategies in order to mitigate monetary losses and react more quickly to market volatility, according to Wall Street Horizon’s latest Corporate Event Research Survey.

The survey, which polled more than 100 institutional market participants, nearly half of whom were quantitative or discretionary fund managers, found that more than one-third of participants have lost money as a result of either bad or unknown corporate event data, with nearly 40 per cent of those having reported a loss of more than USD10,000. This data is aligned with last year’s survey reinforcing that a lack of accurate data can have significant consequences.
 
In addition, more than half of participants (55 per cent) say tracking corporate event data is essential for monitoring stocks on their watchlist; more than 30 per cent reported they needed corporate event data to make trades based on event changes.
 
And despite the hype around cryptocurrencies, 50 per cent of respondents said they are “not likely” to purchase data services to support crypto trading.
 
“This year’s survey results reaffirm that accurate corporate event data and tracking event movement is becoming increasingly critical to institutional investors and traders,” says Barry L Star (pictured), CEO, Wall Street Horizon. “Academic research has shown that ‘corporate body language’ – changes to a corporate event calendar – can provide predictive signals as to the future state of the company’s health. As investment professionals look for new ways to uncover alpha and reduce losses, access to accurate and timely data will continue to be a top priority.”

Latest News

GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..
London-based Nickel Digital Asset Management (Nickel) writes that it has delivered a record first half..

Related Articles

Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by