JP Morgan Invests in Limeglass
Limeglass, the financial research innovation company, has received an unspecified investment from J.P. Morgan.
Limeglass’s technology automatically analyses the paragraphs in research documents in real-time, taking into account the underlining context and structure. The Limeglass ‘Research Atomisation’ solution uses proprietary rich Natural Language Processing (NLP), AI, machine learning and their comprehensive cross-asset and macro taxonomy to smart-tag each paragraph in context.
Rowland Park, Chief Executive Officer and co-founder of Limeglass, said: “The volume of financial research, and the lack of innovation in how it is delivered, mean that market participants can spend hours searching through their email to find information on the trades they are considering. Limeglass cuts through the noise, providing users with only the relevant paragraphs in their financial research with a simple search.”
Hussein Malik, Head of Transformation & Implementation across Sales & Research at J.P. Morgan, said: “The insights our Research teams produce daily are a huge source of value to our clients. We are continuously investing in technology to help deliver industry-leading content and to help us and our clients further mine that value.”
Simon Gregory, Chief Technology Officer and co-founder of Limeglass, said: “Having worked in research for all my life, I was always surprised at how much research was being missed by users. Using cutting edge technology to analyse the unstructured data in research documents, we’ve created a whole new way for market participants to engage with financial research.”