title="Quantbench"


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alt="Quantbench" width="366" height="132" />

Our Customer Spotlight series showcases

the innovative ways our clients are using Xignite's Cloud APIs to

power their applications.

Quantbench is a San Francisco-based start-up that

combines a unique marketplace for non-traditional data sets, with

a financial data analysis platform for financial analysts,

academics and data scientists. This 100% cloud-based financial

research platform provides its members with the data sets and

tools necessary to conduct deep quantitative analysis.

Xignite sat down with Stefan Petry, Co-Founder and Chief

Operating Officer, to learn more about Quantbench.

Q: Describe the Quantbench platform?

Stefan Petry -

Quantbench combines a cloud-based platform for unstructured data

exploration and analysis, with a marketplace where investment

researchers and fund managers can purchase non-traditional data

sets.

The platform includes data sets that we

and others provide. Right now our members have access to more

standard market data sets such as tick-by-tick and end-of-day

stock data, and indices data. In time, we will be adding more and

more non-traditional data sets that are sourced from areas like

web search, online advertising, news, social media etc. Users can

perform analyses using R-Project and Amazon Elastic MapReduce.

They can also purchase certain data sets in our marketplace for

download and in-house processing.

Q: Describe the technology behind

Quantbench and the advantages of Xignite Cloud

APIs?

Stefan Petry -

Perhaps the most innovative part of our approach is that we make

it easy for our users to get up and running quickly. Everything

that a financial analyst or data scientist needs to conduct

quantitative analysis is instantly available. We are able to

achieve this because the technology behind our community is 100%

cloud-based. All of the analytical tools, data sets, and

infrastructure are on the cloud. This approach also enabled us to

launch very quickly, and will allow us to scale efficiently as

our community grows.

We use Xignite's market

data cloud because it helped us to

execute on Quantbench's cloud vision. Xignite's broad data

coverage acts as a comparison or benchmark to the other more

non-traditional data sets we make available to the Quantbench

community. As we expand we will add more Xignite data sets to our

platform. Finally, we really like Xignite's simple and

transparent approach to purchasing market data. All you need to

do is visit href="http://xignite.web-services-blog.com/www.xignite.com">www.xignite.com,

select the desired data set, place it in the Xignite shopping

cart, and then pay using a credit card.

Q: What are Quantbench's future

plans?

Stefan Petry

- Our platform is still in its early stages. We

launched just in November. Broadly speaking there are three areas

that we will be focused on in the coming months. First, we will

be adding more data sets. This data will include standard data

sets, as well as many non-traditional data sets that firms will

provide to our user base for quantitative analysis. Second, we

will be extending the functionality of our non-traditional data

set marketplace. Third, we will be adding more tools and

languages, so that our users can perform more powerful

analyses.

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