Contineo rolls-out new data service for structured products

Contineo, the Singapore-based platform serving the wealth management industry, has launched I/O, a suite of data products aimed at adding transparency to the market for equity-linked structured products in the Asia-Pacific region. This is the first time the platform's data has been collated and analyzed to provide subscribers on the network insight into their business and performance, and provide other market participants with insight into this previously opaque market.

The service is useful to private banks, investment banks, and other financial institutions such as asset managers and hedge funds as well as media outlets, financial technology providers and the general structured product industry, according to Contineo CEO Mark Munoz.

According to Munoz, Contineo remains focused on building its network of issuers and private banks but it is also seeking to add value by leveraging the data it has in the platform.

“We are focused on building our network of issuers and private banks but we are also seeking to add value by leveraging the data we have in the platform," said Munoz. "This complements our main activity. We have changed the fee model to enable the buy side maximizing on the functionalities of the platform. The buy side can access the platform at a low cost and pay for the data and reports (compliance, performance, best execution…) we can tailor for them. This is an area we expect to drive significant activity going forward.”

Contineo's clients can now use the service to assist relationship managers with more product insight and create efficiencies on the trading desk, or for the investment banks, to improve pricing and increase market depth.

"The launch of I/O represents a sizeable milestone in the evolution of the structured products space," said Munoz. "The data analytics and insights have never been available before and we think the applications will be really varied as market participants seek to understand this previously opaque part of the financial products landscape."

I/O is a standalone set of products that includes proprietary analysis for Contineo subscribers, and anonymized market data. Proprietary analyses include executive dashboards at individual bank and whole-of-market level, which inform subscribers about internal performance at individual, team and firm level, as well as performance relative to other firms. The system also generates specific reports on request.

"Data confidentiality is essential for us," Munoz said, adding that the new I/O functionality has been designed so each bank's data is "protected, segregated, securely stored and remains private", and the market remains entirely anonymous.

I/O also offers a data feed for service integration and document generation, aimed at bringing efficiencies to these processes. Contineo's new set of data offerings will allow banks' operations teams to work with the data sets directly to suit their specific internal needs. Both proprietary and market overview data can be delivered directly into user's internal systems, said Munoz.

"I/O is an important step for Contineo," said Munoz. "Having built the network and seen the growth in our volume, our next step was delivering the analytics this industry so desperately needs."

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