Market Overview

40 Percent of Institutional Investors Lost More Than $10,000 Due to Bad Corporate Event Data, Wall Street Horizon Survey Finds

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Results reinforce trends from 2017 survey, also indicate lack of
industry support around crypto trading

Wall
Street Horizon
, the leading provider of corporate event data, today
released its annual Corporate Event Research Survey with the results
showing that companies are increasingly incorporating corporate event
data into their trading strategies in order to mitigate monetary losses
and react more quickly to market volatility.

The survey polled more than 100 institutional market participants,
nearly half of whom were quantitative or discretionary fund managers.

Key findings are as follows:

  • More than one-third of participants have lost money as a result of
    either bad or unknown corporate event data, with nearly 40 percent of
    those having reported a loss of more than $10,000. This data is
    aligned with last year's survey reinforcing that a lack of accurate
    data can have significant consequences.
  • More than half of participants (55 percent) said tracking corporate
    event data is essential for monitoring stocks on their watchlist; more
    than 30 percent reported they needed corporate event data to make
    trades based on event changes.
  • Despite the hype around cryptocurrencies, 50 percent of respondents
    said they are "not likely" to purchase data services to support crypto
    trading.

"This year's survey results reaffirm that accurate corporate event data
and tracking event movement is becoming increasingly critical to
institutional investors and traders," said Barry L. Star, CEO, Wall
Street Horizon. "Academic research has shown that ‘corporate body
language' ─ changes to a corporate event calendar ─ can provide
predictive signals as to the future state of the company's health. As
investment professionals look for new ways to uncover alpha and reduce
losses, access to accurate and timely data will continue to be a top
priority."

Wall Street Horizon's annual survey is critical for keeping a finger on
the pulse of the investment community, which the data provider has been
part of for more than 15 years. Wall Street has become a trusted source
for institutional investors, traders, hedge fund managers and other
financial professionals due to its reputation as the most accurate and
timely corporate event data provider in the industry.

About Wall Street Horizon
Wall Street Horizon provides
traders, portfolio managers, IROs, academics and others an
ever-expanding set of forward looking and historical corporate event
datasets, including earnings dates, dividend dates, options expiration
dates, splits, spinoffs and a wide variety of investor-related
conferences. With access available via machine-readable feeds, the
Enchilada web-based application and a growing network of third-party
channel partners, the company's data is widely recognized for its
unmatched accuracy and timeliness. For more information, please visit www.WallStreetHorizon.com.

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