Media Source:GTCOMDate: 19 October 2020views:331
Hedge Fund Alert, an important U.S. hedge fund media outlet, reported on October 14 the news that GTCOM Technology Corporation (GTCOM-US) became Bloomberg EAP's first Asian partner in alternative data services.
GTCOM's alternative data services reported by Hedge Fund Alert
GTCOM-US, based in Santa Clara, California, strives to provide hedge-fund managers with sentiment signals and other alternative data services. GTCOM uses machine-learning technology to identify alternative financial data published in more than 10 languages, including Mandarin, and provides information analysis and advisory suggestions on Chinese financial markets.
GTCOM became the only Asian service provider for Bloomberg's alternative data service platform—EAP on September 30. The arrangement gives Bloomberg's data-license clients access to China market-related alternative data services in key areas such as luxury brands, TMT and Russell US 3000.
Thomas Nigro, North American sales director for GTCOM-US, said, "As Chinese stocks rebounded from lows seen at the start of the coronavirus pandemic, American investors have been particularly interested in exposure to the world's second-largest economy. The MSCI China Index was up 20% for the year through October 9 versus an 11.1% gain for the S&P 500 Index during the same period. So, Western investors are seeking opportunities to enter the Asian market."
GTCOM is headquartered in Beijing, where it has been engaged in the provision of fintech services since 2017. GTCOM-US demonstrated its value to American investors during the coronavirus pandemic in the U.S. On March 17, when GTCOM-US realized that the pandemic might change its long-term business outlook, the company released a research report that gave a detailed analysis of the impact brought by the pandemic to China's economy starting in January as well as the anticipated impact on the American people, such as extended working hours from home, a surge in online shopping, delayed resumption of school, and the sudden decline of cinema chains.
Apart from its position as Bloomberg's alternative service partner, GTCOM has provided alternative data-based analysis services in the macroeconomy and hot topics such as new infrastructure for Jefferies Financial Group and S&P. Additionally, in-depth cooperation was conducted in the data analysis and quantitative model construction of economic activity and industry research in various Asian regions.
GTCOM's recent performances have attracted the attention of many international media outlets and have been covered by Hedgeweek, Institutionalassetmanager, TradersMagazine, Fundfire and Yahoo Finance.
GTCOM's alternative data catches the attention of international financial media