Trumid has expanded its data and intelligence and automation divisions, appointing Ryan Gwin as head of data solutions. The divisions were established four years ago.
In the newly-created role, Gwin will lead the design, development and distribution of customised data sets to clients, with a focus on data-driven automation in credit markets.
“Data and intelligence are going to be ever more important,” affirmed Jason Quinn, chief product officer and global head of sales, telling The DESK why Trumid has decided that now is the time to expand its services. “There’s data as a product, but there’s also data and analytics as an input to some really interesting approaches to automation.”
Gwin agreed that data is an increasingly important asset, opining “we are in the earlier innings of reliable real-time credit data. Market makers and technology-driven clients have been at the forefront, but now you see all profiles of clients devoting resources towards ways to take advantage of this data, ways to use this data to become more efficient.”
Quinn continued: “[while] data and analytics on their own are a very interesting product, they’re an ever more important input to the workflows and solutions that we deliver every single day as a platform. The important thing is the context and the usability of [the data] for the purpose of doing a trade. You have to have the things that are table stakes, but once you’ve got all that in place, conversations with clients are about analytics and how they can augment their decision-making process”.
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