FactSet sells the data-and-software terminal that powers the financial industry's daily work — pulling raw market prices, filings and news from thousands of sources, cleaning it in vast content-operations centres in India and the Philippines, and selling it back as analytics, portfolio tools and feeds to 8,000+ buy-side, banking and wealth clients on recurring subscriptions. It also quietly owns CUSIP, the official numbering agency for US securities.
From raw feed to clean answer
FactSet's value is the work in the middle: it licenses messy price, filing and news data from thousands of sources, then thousands of analysts in Hyderabad and Manila normalise and quality-check it before it surfaces as a clean number on the workstation.