Contineo, the network serving the wealth management industry, has launched I/O, a suite of data products meant to illuminate the market for equity-linked structured products. How will it work?
The new service represents the first time such a large amount of data has been collated and analysed to provide subscribers on the network insight into their business and performance, and provide other market participants with insight into this previously opaque market.
The service is useful to private banks, investment banks, and other financial institutions such as asset managers and hedge funds as well as media outlets, financial technology providers and the general structured product industry, Contineo said in a media release.
Singapore Dominating
Contineo - the multi-issuer platform that launched in January 2015 has built up a strong issuer base, expanding beyond its original shareholder-dealers - Barclays, BNP Paribas, Goldman Sachs, HSBC, JP Morgan and Societe Generale - and is already working with almost half of Asia's private banks.
Although based in Hong Kong, the Contineo platform receives about 85 percent of its business from Singapore, where the Asia-Pacific private wealth management industry is strongly represented.
Subscribers can utilize the new service to assist relationship managers with more product insight and create efficiencies on the trading desk, or for the investment banks, to improve pricing and increase market depth.
«The launch of I/O represents a sizeable milestone in the evolution of the structured products space, said Contineo CEO Mark Munoz. «The data analytics and insights have never been available before and we think the applications will be really varied as market participants seek to understand this previously opaque part of the financial products landscape.»
Data Confidentiality Essential
I/O is a standalone set of products that includes proprietary analysis for Contineo subscribers, and anonymized market data. Proprietary analyses include executive dashboards at individual bank and whole-of-market level, which inform subscribers about internal performance at individual, team and firm level, as well as performance relative to other firms. The system also generates specific reports on request.
Contineo designed I/O so each bank’s data is protected, segregated, securely stored and remains private, and the market view is entirely anonymised.”
I/O also offers a data feed for service integration and document generation, bringing efficiencies to these processes for the first time. This offering allows for banks’ operations teams to work with the data sets directly to suit their specific internal needs. Both proprietary and market overview data can be delivered directly into user’s internal systems.
«I/O is an important step for Contineo, having built the network and seen the growth in our volume, our next step was delivering the analytics this industry so desperately needs,» added Munoz.
