Financial software company Archway Technology Partners has selected Interactive Data’s Pricing and Reference Data business to provide daily securities pricing services and evaluations of fixed income securities. Archway, which services the software requirements of private investment companies, will provide its clients with the daily pricing information via its back office accounting platform.
Archway will use Interactive Data’s financial data delivery service, RemotePlusSM, to obtain daily listed securities pricing information for its clients. The firm provides the daily pricing information obtained through its interface with RemotePlus to its clients via its web-based enterprise back office accounting platform, ATWeb.
ATWeb services the operations of hedge funds, family offices, fund administrators, fund of funds, investment advisors, private equity and real estate funds. According to Archway, its functionalities include multi-currency portfolio accounting, fund accounting, partnership accounting, general ledger and performance reporting.
Jean Aiken, vice president of the business development group for Interactive Data Pricing and Reference Data, explains the logic behind providing data to Archway: “By continuing to expand our broad range of redistribution partnerships with emerging technology innovators and market leaders alike, we are taking important steps to further expand adoption of our market data services.” The agreement with Archway therefore allows for data to be distributed to market players that are not currently directly serviced by Interactive Data, including some hedge funds and private investment companies.
Jason Brown, president of Archway Technology Partners, explains the appeal for them: “By providing Interactive Data’s pricing information and evaluations through ATWeb, we help clients access critical financial information delivered on a best in class accounting and operational platform.”