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State Street Global Exchange Launches State Street MediaStats, Suite of Solutions to Help Investors Achieve Information EdgeState Street Corporation (NYSE:STT) today announced the launch of State Street MediaStats, quantitative investment insights derived from digital media and other large consumer datasets. The new solution collects unstructured data from more than 30,000 curated sources as well as other "Big Data" sources to quantify leading indicators of market behavior with respect to price and risk. Company-level insights can be aggregated to understand broader industry and macroeconomic trends. State Street partner MKT MediaStats, LLC was founded by Gideon Ozik, affiliate professor at École des Hautes Etudes Commerciales du Nord (EDHEC) Business School and former hedge fund manager at Société Générale; Professor Ronnie Sadka, chair of the Finance Department at Boston College's Carroll School of Management; Hadar Shezifi, technology entrepreneur and former architect at Neustar; and Professor Ken Froot, of Harvard Business School, who is also a founding partner of State Street Associates and FDO Partners. "As the number of data sources available to investors grows, so will the need for efficient consumption of large bodies of information that can be used to generate market insights," said Jessica Donohue, chief innovation officer for State Street Global Exchange. "Academic research shows that media has a measurable impact on asset price changes. State Street MediaStats scours traditional media, social media, and corporate communications to understand how, and how often, publicly-traded companies are being discussed. By building actionable indicators, we can help our clients analyze this information faster to enhance their investment decisions." State Street MediaStats' Range of Solutions:
"These new solutions will help our clients scale their ability to extract accurate, valuable and predictive insights from the massive amounts of unstructured data found in the media," continued Donohue. The State Street MediaStats indicators build on the capabilities of State Street's academic think tank, State Street Associates (SSA), a division of State Street Global Exchange. SSA bridges the worlds of financial theory and practice, develops proprietary investment indicators, differentiated analytics applications and tailored investment strategies for institutional investors around the world.
About State Street * Assets under management were $2.30 trillion as of June 30, 2016. AUM reflects approx. $40 billion (as of June 30, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.
Important Information © 2016 State Street Corporation - All Rights Reserved CORP-2213 Exp. Date: 9/30/17
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