The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Pictet & Cie Picks Interactive Data for Bond Evaluations

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

According to the vendor, this new platform enables Pictet to access more up-to-date and much wider coverage of bond evaluations, which are delivered via FTSSM, Interactive Data’s securities administration service.

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.”

Brendan Beith, sales director, Interactive Data (Europe), adds: “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.”

Related content

WEBINAR

Upcoming Webinar: Evolution of data management for the buy-side 2021

Date: 27 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many...

BLOG

Lack of Equivalence Post Brexit Raises Costly Data Management Concerns

The UK has finally left the European Union. A trade deal was wrung out at the eleventh hour, allowing the two sides to trade with zero tariffs and quotas, but the financial services industry has been left hanging – with talk of an MoU around the regulation of financial services being reached by March 2021...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.