, Singapore

SGX works with S&P Global Market Intelligence to leverage financial data

The deal enables SGX to access S&P’s Alpha Factor Library.

The local bourse inked a commercial deal with S&P Global Market Intelligence that will allow SGX Index Edge to use S&P’s Alpha Factor Library.

According to SGX, the partnership will enable its Index Edge to have immediate access to the comprehensive research and datasets available through the Alpha Factor Library. It will also develop new quantitative index models and smart beta indices across Asia-Pacific.

“The Alpha Factor Library is a stock selection signal library developed by S&P Global Market Intelligence using global point-in-time databases. It is designed to identify new sources of alpha and facilitate the construction of investment screens and candidate lists from a catalogue of proven alpha signals and top-down macroeconomic regimes along with drill downs into industry-specific signals and trends,” SGX’s press release said.

The access will enable SGX Index Edge to identify sources of alpha and enhance its existing index research and design capabilities, while developing further customisation of index offerings for issuers, asset managers and investors across Asia, SGX added.

“The Alpha Factor Library will be invaluable to SGX Index Edge in building its offering to institutional clients. At the same time, we will use the deep information and analytical sources provided by S&P Global Market Intelligence to tap into growing investor appetite for smart beta indices,” the local bourse said.

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