Julius Baer Investment Ltd. (JBIL), an investment management arm of the Swiss bank specializing in fixed-income securities, has selected ValueLink Information Services to provide daily pricing collection for its closing portfolio valuations. Meanwhile, Winterflood Securities has said it will use ValueLink’s Shares in Issue service, which provides data validation of third-party feeds.
At JBIL, ValueLink will supply a closing bond pricing file, created by combining and validating data from various third-party bond pricing data feeds. ValueLink performs all validation on this data, including checks on static quotes and price movements. Any price anomalies are investigated by ValueLink and then reported to JBIL, enabling the firm to maintain a consistent view of the universe of bonds it follows.
This daily bond file will be handled by the ValueLink data collection platform, along with two foreign exchange data feeds and two other specialized feeds from an undisclosed vendor already contracted to JBIL. Delivery of these feeds is automated by the ValueLink platform, which provides them alongside the validated bond pricing file.
The implementation, with ValueLink’s selection made after an extensive period of analysis, lasting several months, effectively outsources the data collection process for JBIL and allows it to streamline certain operational procedures that were both time-consuming and expensive to maintain.
Meanwhile, U.K. stockbroker Winterflood has similarly chosen ValueLink to provide validation of two third-party data feeds. Using ValueLink’s recently upgraded Shares In Issue Service, Winterflood will match instruments covered by the two feeds, cross-check anomalies and generate a detailed on-screen report that displays validation status for all securities.
As part of the deal, ValueLink will assign a dedicated client administrator to ensure all generated data queries are resolved efficiently. Winterflood has selected only those data fields it requires to be validated. Validation reports are provided by ValueLink via FTP connection as soon as vendor updates are received and validated.