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Fidelity Investments, the giant financial investment management firm, unveils a new analytics platform tailor-made to help institutional investors evaluate the digital assets market accurately and make decisions accordingly. The platform is named Sherlock — unarguably after the legendary detective Sherlock Holmes — and brings all the necessary data for market evaluation in one central location.
Sherlock provides its users with smooth access to basic and specialized data about evolving ecosystems, trading volume, network and social media activity, news, updates, and additional analysis on digital assets. The analytics solution collects data from leading data providers and enables investors to assess the market condition to settle on a plan of action.
“It’s been exciting to see the tremendous growth in the digital assets data space over the past few years, and while the market is maturing rapidly, we’ve heard from institutional investors that there’s still a need for a comprehensive and accessible data solution,” said Kevin Vora, vice president, Product Management, Fidelity Center for Applied Technology (FCAT).
Being first of its kind, Fidelity claims that Sherlock offers an intuitive user interface with modern tools that empower investors to conduct and manage extensive evaluations. Using these evaluations, investors can discover insights and predict market trends to make proper investment decisions. The solution also allows users to model and backtest (test to find working trading strategies without having to risk capital) using the off-platform data.
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