Commenting on the acquisition, Penserra CEO George Madrigal said that the two firms have been working with each other for almost two years and the company has now decided to unite Tailor research platform in the operation.
Designed to derive market intelligence, the platform leverages crowd-sourcing techniques, multi-factor models, and a data scoring algorithm.
It tracks the individual data sources and applies a larger coefficient to the specific data sources that were more successful in predicting market changes.
The Tailor research platform depends on a quantitative framework and statistical techniques to evaluate data instead of finding a particular individual with deep domain expertise.
Penserra Securities offers institutional investors global equity and fixed income execution services as well as advice on many other aspects related to the investment process.
Established in early 2007, Penserra also caters corporate buy-back services, desktop analytics, and transition management, while advisory and fiduciary services are offered through Penserra Capital Management, a registered investment advisor and affiliate of the acquirer.
