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Well, it's kind of a blurry line that separates the two. The financial industry existed before all of those products did. Building a financial model doesn't req
by martin 18y ago
Well, it's kind of a blurry line that separates the two. The financial industry existed before all of those products did. Building a financial model doesn't require these products -- one could do it by spending hours pouring over government filings, etc. to compile all the information needed -- so they're all "time saving." And since time is money -- faster modeling means more work can be done in the same time, and/or fewer analysts are required to do the same work -- they're all "money making."
I suppose you could distinguish between the "market data/financials products" and "products that save time and thus money in other ways." Mekko, for example, might fall into the latter group -- it's basically just an advanced charting tool. It retails for about $500. DealMaven, which is basically a workflow improvement tool, would probably fall into that category as well, although I'm not sure what it costs.