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A-Team Insight Blogs

Gonet&Cie Automates Credit Ratings with S&P Capital IQ’s XpressFeed

S&P Capital IQ has named Swiss private bank Gonet&Cie as its first European customer to automate Standard & Poor’s credit ratings through the use of its XpressFeed enterprise data feed. The S&P ratings were added to the feed in June 2012 and have already won towards 30 subscribers in the Americas and Asia-Pacific.

S&P Capital IQ beat ratings competitors to the deal with Gonet, which favoured the benchmarking functionality and quality provided by XpressFeed. The decision is also cost beneficial to Gonet as there is no added charge to XpressFeed for the receipt of S&P ratings.

Gonet will use the ratings in portfolio statements that are sent on a monthly basis to its high net worth clients. The bank is a user of SunGard’s Apsys private banking solution and Aim Software’s GAIN data management platform. GAIN enables firms to automate the integration of a range of data feeds and includes a standard interface with XpressFeed that Gonet is using.

Laurent Lolies, IT manager at the bank, says: “We have been using GAIN for many years to automate the integration of data feeds into Apsys. It was natural to ask Aim Software to enable access to XpressFeed.”

Martin Buchberger, head of product management at Aim Software, adds: “Keeping pace with ratings changes brings immediate value to institutions using Apsys. With instrument ratings and issuer ratings directly loaded into the Apsys system, investment decisions can be taken immediately.”

XpressFeed offers over 100 content packages with data delivery in five-minute spans. Gonet has selected the global issuers and structured finance ratings package, although it could subscribe to additional content from the feed in future.

The addition of S&P ratings to XpressFeed in June delivered correlated fundamental and ratings data. The company has since moved on to introduce intra-day S&P Capital IQ Estimates, a standardised database of global financial forecasting measures, as well as fundamental data for over half a million private companies that complements data covering publically listed companies. Managing director Rui Carvalho says further data will be integrated into XpressFeed as regular releases are rolled out next year.

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