IT and business process services provider CGI Group and portfolio analytics and data solution provider StatPro Group have partnered to integrate StatPro Market Data into CGI’s StarSource Managed Data Solution. Under the agreement, StatPro has become the primary supplier of pricing, corporate action and dividend information to CGI’s StarSource customers.
StarSource is a component of MSuite, CGI’s wealth management solution servicing the fund administration, managed asset and high net worth investment programmes of financial institutions.
According to CGI, the new integrated service provides independent valuation of OTC assets, covering the world of fixed income, derivatives and structured products. As part of the new service, StatPro provides collection, refinement and delivery of the data as well as support services to StarSource clients.
Terry Steeves, CGI vice president of consulting services, explains: “StarSource will offer greater pricing coverage, access derivative security valuation, provide improved data quality and support and offer evaluated as well as broker derived fixed income pricing.”
Ian Swain, head of data services, StatPro, adds: “We conducted extensive testing to ensure StarSource’s clients enjoy enhanced data coverage and faster response to inquiries as a result of the improved local support.”