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Paladyne Integrates Reuters DataScope Onsite into Hosted Hedge Fund Suite to Meet Demand for ABS Data

Reuters and Paladyne Systems, provider of onsite and hosted hedge fund solutions, have completed the integration of Reuters DataScope Onsite with the Paladyne suite of products. The aim is to meet increased demand within the alternative investment industry for comprehensive data on asset-backed securities. Reuters DataScope Onsite carries more detailed data on these instruments and as a result of the integration Paladyne hedge fund clients will have access to pricing, factors, terms and conditions, corporate actions, cash flows and analytical data on asset-backed securities including MBSs, Agency Pools, Whole Loans, TBA Pools and MBS derivatives such as CMOs.

This builds on an existing partnership between Reuters and Paladyne – which also works with other data vendors (a recently announced tie-up was with Markit, to support the Security Master and Price Master components of its “hedge fund in a box” solution. Since announcing their relationship in mid-2006, Reuters and Paladyne say they are now servicing more than 40 new clients using the data as part of Paladyne’s fully hosted ASP platform. Both Paladyne Security Master and Paladyne Price Master are fully integrated with Reuters DataScope bulk and Reuters DataScope Onsite feeds.

Sameer Shalaby, chief executive officer of Paladyne Systems, says the integration of Reuters DataScope Onsite into its hosted offering was a slightly different process to that of the earlier integrations of Reuters data Paladyne has done, since (as its name suggests) Onsite requires more infrastructure to be put in place to run it. He adds though that Reuters’ products so far “have been received very well” by Paladyne clients.

For Reuters, Paladyne represents a channel via which it can further extend its reach into the hedge fund marketplace, reckons Caroline O’Shaughnessy, global head of indirect channel, Enterprise, at Reuters. “Paladyne’s ASP solution is ideally suited for delivering our bulk data feeds to large numbers of customers,” she adds.

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