AWS announces Amazon FinSpace for analyzing financial data
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Amazon Web Services Inc. is targeting financial analysts with a new, purpose-built data analytics tool that it says will enable them to perform their jobs much more effectively than before.
Amazon FinSpace is a new service announced today that works by aggregating, cataloging and then tagging data from a range of different sources, making it more easily searchable by anyone within the customer’s organization.
The tool is designed for analysts at hedge funds, asset management firms, insurance companies and the like. It gives them an easy way to perform analytics on demand across all of the data they have access too, including internal sources such as their portfolio management systems, order management systems and execution management systems, and also third-party data feeds such as high-volume historical equities pricing data, employment figures and earnings reports.