NEW YORK, May 3, 2021 — Beacon Platform is pleased to announce that a global alternative investment manager has chosen to integrate Beacon with their strategic cloud technologies, accelerating the firm’s digital transformation and making it easier to capture new business opportunities.

This global institutional asset manager is modernizing their core systems and expanding adoption of cloud-native technologies to better empower employees throughout the firm. Beacon readily integrates with and complements the firm’s existing cloud tech stack, such as AWS, Snowflake, Clearwater, and Jupyter Notebooks, and Tableau, extending and enhancing their capabilities. The integrated development environment in Beacon Core makes it easier for developers to collaborate and leverage a common codebase, while respecting internal controls. Combined with the out-of-the-box financial engineering framework of Beacon Front Office Suite, the result is faster development and deployment of new analytics and applications, fueling improvements in workflow efficiency and responsiveness to changing markets and new opportunities.

Working together, Beacon and the client identified three main groups that will benefit from Beacon’s scalable and secure technologies:

Core Developers: A small team who manages the common data, models, and systems used by multiple groups throughout the firm. Because Beacon automates cloud configuration and management and abstracts many of the cloud and data management functions, this team uses a small fraction of the resources that were previously required.

Standard Developers: These are the quantitative developers and strategists who leverage and augment Beacon’s standard financial engineering models with their own proprietary analytics. Full and transparent licenses to Beacon’s source code give them full visibility of all functionality, reducing duplication and improving collaboration.

End Users: Analysts, portfolio managers, risk managers, and other business users who benefit from the rapid development of analytics and applications. This group accesses data and analytics through a variety of tools, including web-based applications, Excel spreadsheets, interactive data science systems like Jupyter Notebooks, and business intelligence tools like Tableau.

About Beacon

Beacon Platform moves financial markets into the future with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. The integrated development environment and a web application framework make developing applications faster and easier. Born from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform gives you the robustness and flexibility of these powerful tools. See how you can increase the return on research and development investments from Beacon’s next-generation platform for enterprise-scale analytics, trading, risk management, and more at www.beacon.io.

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