In keeping with its longstanding collaboration with data vendor Exchange Data International (EDI), Standard & Poor’s has added EDI-provided global terms and conditions data on more than 200,000 non-US fixed income securities to its Securities DataManager product. The vendors worked closely together to develop the non-US data offering, which is aimed at allowing customers to conduct better analysis of the fixed income market, explains Theresa Werner, director of product management for Securities Evaluations at S&P.
“The need for comprehensive and high quality terms and conditions content has become increasingly important throughout the industry as institutions seek to have an in depth understanding of the reference data populating security master files that ultimately support analysis and risk management,” explains Werner.
As well as covering US municipal and US corporate securities, S&P’s Securities DataManager now covers a wider geographic area as a result of the EDI assisted project. “Our continued collaboration with market participants has driven the creation of services that allow for more transparency for the financial markets by delivering a variety of data to investment and financial research professionals,” adds Werner.
Securities DataManager claims to provide updated securities’ data within 15 minutes of release in order to facilitate the timely reporting of fixed income securities. Kevin Brady, executive director of EDI, reckons the addition of this new data will allow the service to provide better insight and analysis of the fixed income market.
This project is one of a number that S&P and EDI have been collaborating on over the last year or so. In November last year, the two vendors launched a company aimed at providing financial institutions with corporate action and dividend data for companies listed globally. The collaborative venture, FinDataPortal (FDP), claims to provide low cost access to EDI’s data for customers that do not wish to purchase the vendor’s primary data sets.