Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that its Managed Solutions business has expanded the derivatives portal of Bank Sarasin & Cie, a Swiss private bank, to provide an integrated solution for the management and distribution of structured products. The portal, at www.saraderivate.ch, is designed to provide comprehensive support for the issuing and selling of the bank’s structured products and increase quality, flexibility and speed in the management of quote and master data.
The derivatives portal maps the lifecycle of structured products – from creation, to preparing and checking termsheets, supplying information to stakeholders in the market and managing corporate actions. Several Interactive Data applications, including a powerful content management system (CMS) for maintaining high quality product master data are used in this process. Through the CMS, Bank Sarasin disseminates changes to the status of an instrument to users such as sales partners and data vendors. The portal is also designed to support the web-based Connexor distribution platform, a new online platform for compiling and disseminating reference data centrally in standardised format to the SIX Swiss Exchange.
The expanded derivatives portal builds on an initial solution designed by Interactive Data in 2007. The portal has been enhanced and upgraded since its creation and now offers a clear and easy to view presentation of product information, enabling investors to easily identify product types and investments that match their risk preference.
“As a core requirement, the new solution had to support the management of master data of our structured products across their entire lifecycle in a central system, with fast dissemination of high quality data to relevant market stakeholders. The integrated derivatives portal implemented by Interactive Data helps enable this,” said Nils Ossenbrink, chief operating officer of the Asset Management, Products and Sales Division of Bank Sarasin & Cie.
“In the development of this derivatives portal, we focused our efforts on optimising the system to Bank Sarasin’s requirements to help meet the high expectations of the various user groups for broad, user-friendly content,” added Carsten Dirks, managing director of Interactive Data’s Managed Solutions business.