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

Pictet & Cie Picks Interactive Data for Wider Data on Bond Evaluations

Subscribe to our newsletter

Swiss private bank and asset manager Pictet & Cie has selected Interactive Data’s pricing and reference data business to provide bond evaluations.

Brendan Beith, sales director, Interactive Data (Europe), believes that by leveraging relationships with the buy side, electronic trading platforms, and essentially major market makers, it has access to a unique flow of market colour. “We are a global provider with a local presence – more than 5000 financial institutions worldwide now subscribe to our bond evaluations,” he says.

Prior to the migration of Pictet’s core banking system, Interactive Data provided its bond evaluations service via a third party. Pictet now uses the Avaloq Banking System in conjunction with Gain Data Management from Aim Software, with whom Interactive Data (Europe) has a longstanding relationship.

This new platform enables Pictet to access more up-to-date and much wider coverage of bond evaluations, which are delivered via the FTSSM, Interactive Data’s securities administration service, adds Beith. “This direct feed allows Pictet to benefit from our wide range of fixed income evaluations and will also enable Pictet to subscribe to our evaluations of other asset types. The new platform requires less manual input, therefore reducing human resource and potential for errors. It is simpler to use and can increase timeliness of delivery,” he explains.

Michel Mermoux, head of market data at Pictet & Cie, comments: “The integration of the bond evaluations service into Gain Data Management gives us direct access to a large universe of bond evaluations from Interactive Data. We currently subscribe to over 3,000 bond evaluations on a daily basis, primarily mortgage-backed securities, but also municipal bonds and other fixed income securities.”

With regards to potential future challenges, Beith explains that these are similar across Interactive Data’s client base. “We are increasing our coverage in terms of the number of securities, as well as new asset types, whilst maintaining the quality of our data. Being in a close relationship with the client can really help us to be prepared to meet their future needs,” he says.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Real world data governance – Practical strategies for data ownership

The theories of data governance and ownership are well rehearsed. Essentially, data governance includes rules and processes that make data accurate, compliant and accessible, ensuring the right users can access trusted data as and when they need it. Data ownership assigns responsibility and accountability for a specific dataset to an individual or team that can...

BLOG

S&P Global Market Intelligence Adds Baird Aftermarket Research on Exclusive Basis

S&P Global Market Intelligence has become the exclusive provider of Baird Aftermarket Research, which provides industry overviews, company-specific forecasts and recommendations, and in-depth thematic insights from more than 40 senior analysts covering over 700 companies. The aftermarket research adds to Baird research that has been available on S&P Global Market Intelligence’s Capital IQ and Capital...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...