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

A-Team Insight Blogs

Eagle Investment Systems Seals Collaborative Pacts with FT Interactive Data and Charles River Development

Subscribe to our newsletter

In a flurry of activity, Eagle Investment Systems this month beefed up its data offerings in an alliance with FT Interactive Data and linked with Charles River Development to develop links between their systems for STP implementations.

The deal with FTID allows users of the browser-based Eagle Portal to access real-time pricing data. The move is a response to market demand for real-time investment data, adding to the descriptive, corporate action and end-of-day pricing that Eagle already provides to its investment management client base. The FTID data covers some 3.5 million securities and daily valuations of 2.5 million fixed-income instruments.

The deal with Charles River covers the joint development of an interface between the Eagle Pace data hub and portfolio management system and Charles River’s integrated portfolio management, compliance and order management suite, including the Charles River Trading System (CTRS). The interface will allow data that has been validated and scrubbed on the Eagle system to be easily transferred to Charles River’s systems.

Peter Lambertus, president and chief executive of Charles River, says the development would ensure that users “have complete and accurate data right from the start,” adding that this could “shave weeks or months off of an initial implementation”.

The first phase of the development, already under way, is scheduled for release in the second quarter of this year. This release will include the ability to transfer and process security master files, account holdings, pricing and other security analytics data between the two systems.

Later this year, the second phase of the development will include integrated job scheduling, reporting, compliance rule assignments and the receipt of trades from CTRS, the order management system, into Eagle Pace.

Eagle, acquired by Mellon Financial in November 2001, says the browser-based Pace system can “extract, scrub, enrich and store investment data from unlimited sources into one data repository” and has been designed to integrate disparate analytic and market data with portfolio accounting and trade data across a range of asset types.

The Charles River Trading System is a automated portfolio management and order management system that supports modelling, electronic trading via FIX, pre- and post-trade compliance monitoring and support for all security types.

Eagle has undertaken a number of initiatives in the reference data space recently. At the end of last month, it held a joint meeting with Cap Gemini Ernst & Young to address the issues raised by reference data management. At the event, Lou Maiuri, Eagle chief operating officer, said: “We are finding that a majority of financial services firms view the management of reference data as a first or second IT priority.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data...

BLOG

ANNA Plans Implementation of Revised ISO 6166 ISIN Standard in February 2023

The Association of National Numbering Agencies (ANNA) will implement the revised ISO 6166 International Securities Identification Number (ISIN) standard on 2 February 2023. The revised standard was published in February 2021 and is designed to bring additional clarity and transparency to the identification and reporting of trades through the use of international standards. Highlights of...

EVENT

TradingTech Summit Virtual (Redirected)

Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

MiFID II Handbook – Second Edition

With the compliance deadline for Markets in Financial Instruments Directive II (MiFID II) just over two months away, A-Team Group has updated its MiFID II handbook to bring you the latest details on the regulation’s compliance requirements. Version 2 of the handbook, commissioned by Thomson Reuters, also includes new sections covering data sourcing and data...