S&P Global recently announced the launch of its new data platform enabling clients to discover, and evaluate new datasets called the S&P Global Marketplace (Marketplace) which provides access to various data and tools from across S&P, as well as third-party alternative datasets.
New Product Launch
S&P’s new Marketplace data platform grants customers access to more than 85 datasets from across all four of S&P Global’s divisions; alternative data from select third-parties; and additional tools, including those provided by S&P’s Kensho unit.
The newly launched Marketplace will provide access to a number of datasets and tools provided by various S&P Global units, including the following:
- Trucost environmental data which includes the carbon and water footprints of 15,000 companies.
- Panjiva supply chain intelligence with coverage spanning over 1 billion shipment records from 16 countries and 13 million company-to-company relationships.
- SNL sector coverage of proprietary sector and asset level data that is traditionally available on the Market Intelligence Platform including Financial Institutions Group (FIG), Metals & Mining, Energy and Real Estate datasets.
- S&P Global ESG Scores which provide sustainability scores of over 7,000 companies with full history dating back to 2013, based on the globally recognized SAM Corporate Sustainability Assessment (CSA).
- Alpha Factor Library with access to more than 500 stock selection and industry specific signals spanning seminal academic literature and the latest practitioner expertise.
- Textual Data Analytics comprised of 39+ sentiment and behavioural metrics based on earnings call transcripts derived from Natural Language Processing for over 11,000 active companies.
- Tools such as Kensho Link, which enables users to combine and organize disparate company datasets, and Kensho Scribe, an end-to-end speech recognition solution specifically optimized for the finance and business community; and
- Access to S&P Global Market Intelligence’s flagship datasets such as S&P Capital IQ Fundamentals, GICS®, Compustat®, S&P Global Ratings, and S&P Capital IQ Estimates.
Additionally, the Marketplace will provide access to a number of internally curated alternative datasets from third-party providers, including:
- Real Estate Foot Traffic data via collaboration with AirSage,
- Alternative Asset Fund Performance data via collaboration with Preqin,
- Asia-Pacific investor event coverage via collaboration with SCRIPTS Asia,
- Machine Readable Filings via collaboration with Social Market Analytics .
Martina Cheung, President of S&P Global Market Intelligence explained the new product launch, “S&P Global Marketplace brings to bear the best of S&P Global, Kensho and select third-party data for our clients. This cross-divisional effort demonstrates S&P Global’s ongoing commitment to provide actionable insights to the market, and coupled with the strength of our data, research and capabilities, gives clients the essential intelligence needed to make decisions with conviction.”
One of the fundamental problems S&P has historically faced is that most of its data assets have been collected and managed by independent business units and they have been stored in discreet silos making it very difficult for clients to benefit from linking these datasets.
However, S&P’s $550 mln acquisition of Kensho in 2018 was supposed to help the firm build new AI-enhanced information products by leveraging internal datasets and enabling clients to integrate these various data sources. A little more than two years later, S&P has been able to launch its Marketplace as one fruit of this acquisition.
Unfortunately for S&P, over the past few years a number of competitors have sprung up offering similar data marketplaces including Nasdaq’s Quandl, Open:FactSet Marketplace, Crux’s data portal, BattleFin’s Ensemble, Knoema and its DataMonster platform, and Intrinio, just to name a few.
Despite the plethora of competitors, S&P’s new Marketplace platform is not without its own unique strengths. First, it includes a number of datasets that are proprietary to S&P, a factor that could be relevant if S&P ever decided to limit access to its data to its own platform. In addition, the Marketplace platform also includes a number of Kensho’s AI generated tools making it straightforward for clients to link disparate datasets to make analysis easier. It will be extremely interesting to see how S&P’s new Marketplace offering fares with customers as it tries to compete with the bevy of competitors in the space.