First Coverage Inc., a Web-based software company serving the investment community, today announced that it has significantly expanded the depth of information available to participants through the inclusion of quote feeds from almost every major and secondary global exchange.
The expanded coverage provides portfolio managers the ability to gather a complete set of diversified information from disparate market centers across the world, First Coverage says.
Portfolio managers can now organize, evaluate and rank the full breadth of investment ideas, research and market information available to them worldwide, all from a single location.
“One of the most difficult challenges today’s portfolio manager faces is the sheer mass of information being forced upon them,” says Randy Cass, CEO of First Coverage. “What First Coverage does is help the portfolio manager deal with all this information in a much more efficient way, ultimately leading to greater productivity and higher performance.”
The platform provides portfolio managers, fund managers and other buy-side investment professionals a web application allowing them to effortlessly evaluate, according to their own customized criteria, every current and potential relationship they maintain with the sell side around the world.
Over the past year, the amount of trade and market information communicated through the First Coverage platform increased by more than 500% . Last summer, First Coverage revealed that the average return of trade ideas passed through its system over a 6-month period had exceeded market indices by more than 300 basis points.
First Coverage is utilized by more than 1,000 investment professionals worldwide managing over a combined US$1.5 trillion in assets.
First Coverage expands global information coverage for portfolio managers
- By: IE Staff
- January 28, 2008 January 28, 2008
- 11:10