The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Advent Extends Alliance with Thomson Reuters to Advent Portfolio Exchange Clients

Following its announcement of the signing of an agreement with Advent last month, Thomson Reuters has extended the agreement to cover the buy side software vendor’s Advent Portfolio Exchange (APX) solution. Under the terms of the new agreement, the data vendor will link the portfolio management solution with its global pricing and security reference data service, DataScope Select.

In August, the vendors agreed to create an interface to link Advent’s Geneva solution with DataScope Select, which provides global pricing and security reference data including corporate actions for portfolio management, administration and valuation. They will now create another interface for APX clients’ access to the data solution.

“By linking Geneva and APX to DataScope, Advent clients will be able to seamlessly integrate pricing and reference data, which will help them to effectively manage their data requirements in a timely and flexible way,” explains Daniel Eriksson, director of solutions management for Advent Software EMEA.

Gerry Buggy, global head of hedge funds at Thomson Reuters, adds: “Thomson Reuters offers the broadest data coverage, including price, terms, conditions, corporate actions and counterparty data housed and maintained on a truly global basis. Our relationship with Advent is an endorsement of Thomson Reuters’ commitment to providing the investment management community with processing efficiencies and a consistent valuation process.”

The Advent deal represents an extension of the second public win for the DataScope Select service this year. In June, valuations vendor Pricing Partners opted for the service to provide it with market data to calculate independent valuations using its proprietary pricing model, Price-it.

Thomson Reuters has also had a fairly solid second quarter in terms of revenues, despite what it describes as “difficult economic conditions”. Its Enterprise division, in which DataScope Select sits, achieved robust revenue growth for the period in comparison to last year’s results. “Revenues rose 7% against very strong results from a year ago, when organic revenues grew 14%,” Thomson Reuters reported in its quarterly report earlier this month. It cited “strong customer demand for reference data, independently validated pricing services and data to automate front, middle and back office applications.”

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

Australian Superannuation Fund QSuper Selects Matrix IDM for Integrated Data Management Solution

QSuper, one of Australia’s largest superannuation funds, has selected Matrix IDM’s data management product to provide a fully integrated solution across security, pricing, positions, accounts, risk, performance, and corporate actions data. The fund was looking for an off-the-shelf data warehouse to support a data strategy project that would create a vendor and custodian agnostic data...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...