What it is:
FactSet is a financial data and software company.
How it works (Example):
FactSet's software platform offers real-time news, quotes and tools that help analysts screen for certain securities and test portfolio models. The software also helps analysts assess risk and do simulations. It gets the data from original sources such as Dow Jones. The company is headquartered in Connecticut.
Why it Matters:
FactSet is one of many companies that provide essential data and information to analsyts and investors who want to know more about markets and instruments.