Thomson Reuters today announced three strategic alliances that span the full investment process and enhance the pricing and reference data available to fund managers, fund administrators and asset managers. Clients of FundCount, Quantifi and SAGE SA will now have access to expanded data coverage through Thomson Reuters DataScope Select, the largest strategic data delivery platform for non-streaming, cross-asset, global content. These are the latest organizations to join the growing list of financial institutions and service providers that rely upon Thomson Reuters to provide them with the most accurate information available to support the growing need for global pricing and reference data.
An increasingly competitive marketplace and continued market volatility have stressed the critical need to be able to accurately price instruments, evaluate portfolios, and estimate collateral for both buy-side and sell-side firms. Financial institutions are now facing greater pressure, both from investors and regulators to maintain a more accurate and timely understanding of risk and exposure across their business while moving from an end-of-day focus towards an intra-day operating model. Despite these pressures, there also remains a vigilant focus on cutting costs while improving efficiencies in the sourcing and management of content. In addition, financial institutions need to increase their accounting and reporting efficiency as well as enhance risk management capabilities to protect themselves against increasing regulatory pressures.
Users of FC Portfolio, Fund Count’s solution for accounting, reporting, tax and client relationship management will now have access to over 2.5 million over-the-counter (OTC) fixed-income and derivative instruments, through DataScope Select, including structured / securitized products, corporate and government securities, U.S. municipals, convertible bonds, loans, and derivative products.
DataScope Select will provide customers of Quantifi Risk, Quantifi’s award-winning trading and risk management system for OTC products, with a broader universe of intra-day and end-of-day reference data, market and evaluated pricing for an increasingly holistic view into the associated risks of their investment activity and better ability to mitigate against portfolio risk. Quantifi clients now have the ability to access data on demand, tailoring their usage to meet their needs. This enables clients to streamline operations and costs while providing the necessary transparency around their data usage both in volume and asset class.
SAGE SA is a global financial technology company providing innovative solutions for Wealth Management, Asset Management, Fund Administration, Trading, Family Office, and Portfolio Optimization. Ability to access Thomson Reuters pricing and reference data will allow users of Prospero-IAM SaaS, SAGE SA’s asset management platform, to improve risk management and standardize the management of their clients’ multi-deposit assets.
Gerry Buggy, managing director, Enterprise Content at Thomson Reuters, said: “We are happy to have Fund Count, Quantifi and SAGE SA join our growing list clients on Thomson Reuters DataScope Select. All of these deals are testament to our continued efforts to provide customers with the greatest choice of premium, high quality data content in the industry today, delivered seamlessly through one solution that provides them with the necessary tools to ensure effective decision making, accounting and reporting to their clients, investors and regulatory bodies.”
Thomson Reuters DataScope Select is the strategic data delivery platform for non-streaming content globally providing a single source and single retrieval method for your data needs. The platform is a full cross-asset offering with intelligently linked data for all Thomson Reuters DataScope content including Reference Data, Corporate Actions, Legal Entity Data, end-of-day/intra-day pricing and Evaluation Pricing Services.