About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Advent Links Geneva to Thomson Reuters’ DataScope for Pricing and Reference Data

Subscribe to our newsletter

Thomson Reuters has scored another key win for its DataScope Select service with the signing of an agreement with investment management software provider Advent Software to provide its portfolio management and fund accounting solution with pricing and reference data. Under the terms of the agreement, the two vendors will create and interface to link Advent’s Geneva solution with DataScope Select.

The appeal for Advent was the ability to extend the core capabilities of its Geneva platform, says Chris Momsen, senior vice president and general manager of global accounts for the vendor. “By linking Geneva 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,” he explains.

DataScope Select will feed the platform with global pricing and security reference data including corporate actions for portfolio management, administration and valuation. Gerry Buggy, global head of hedge funds at Thomson Reuters, reckons the data will allow Advent clients to achieve processing efficiencies and a consistent valuation process. “Hedge funds require concise pricing and reference data to accurately manage their portfolios. Thomson Reuters offers the broadest data coverage, including price, terms, conditions, corporate actions and counterparty data housed and maintained on a truly global basis,” he claims.

The Advent deal represents 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.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

Gaining a Holistic View of the Modern Investment Portfolio: Webinar Preview

The economic landscape has been transformed in recent years by a combination of technological upheavals, rising cost pressures on financial institutions and a rewriting of geopolitical and trading norms. All of these have inevitably led financial institutions to reconfigure their operations and the data processes on which they depend. The next A-Team Group Data Management...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...