We fully understand the need for speed, particularly with respect to credits actively traded in the secondary market or in competitive auction contests such as BWICs.
To offer a highly efficient data turnaround we tier data processing in two parts:
- Level 1 data.
- We publish a “Snapshot” i.e. a digital tear sheet with headline information that includes company’s high-level earnings. This is published in a matter of hours after earnings release, sometimes even during the earnings call. Snapshot provides investors with accurate and timely information they can immediately react upon, particularly as this data is likely to have an impact on secondary market prices. In fact, we see our Snapshot as the financial data equivalent of an LCD or Debtwire news article
- Level 2 data. The full model is subsequently uploaded to the platform.