BlackBox Logic revealed contracts with several new clients who will use the firm's loan-level data aggregation service called BBx Data(TM), for their RMBS research and forecasting needs.
BBx Data covers the Jumbo-A, subprime and Alt-A mortgage markets and includes over 7,200 RMBS, 21 million loans and nearly 700 million remittance records, dating back to 1999.
The New BlackBox Logic clients include Raymond James & Associates, a broker/dealer wholly owned by Raymond James Financial; Algorithmics' Credit Advisory and Evaluations Group, which is wholly-owned by the Fitch Group; Six50 Capital Management, a fund manager and consultant affiliated with Ranieri Partners and Cooperstein Analytics; Cognilytics, a leading global provider of advanced predictive analytics, enterprise data management and business intelligence solutions across all asset classes in the financial services sector.
BlackBox Logic was founded in 2007. The team spent over two years designing and testing a beta version of BBx Data with RMBS researchers, investors and broker/dealers.
The production version of BBx Data was launched in January 2010.