Reuters has formed a strategic alliance with Asset Control, the Netherlands-based provider of investment data integration technology. The two firms say they will integrate their products, enabling users to implement the entire range of Reuters DataScope products in Asset Control’s data management solutions. Reuters DataScope is an application for pricing, historical and reference data needs.
Technology is in place to deploy Reuters DataScope’s equity, fixed income and corporate actions data throughout Asset Control’s products. The two companies say the deal strengthens the position of Reuters DataScope as a primary data source, offering its customers the ability to manage and distribute Reuters data to a department or throughout the enterprise – from automatic corporate action management to synchronising pricing and reference data across the whole company.
“By combining Reuters’ proprietary security identification and reference data and Asset Control’s ability to match identifiers with other coding systems, our integrated solution enables information to travel seamlessly between trading floors and back offices,” explains Todd McGee, Vice President of third party alliances at Reuters DataScope. “The value of this kind of transparency is clear when it is part of a system that can distribute it to every corner of an organisation. With Asset Control, the sourcing, storage and manipulation of reference data can be centralised – creating a company-wide standard for all data instantly. Instead of being hindered by the costly inefficiencies of different data types in different systems, companies can create one unified environment supporting the entire transaction flow and asset management realm.”
Ken Payne, Director of sales and marketing at Asset Control, says that pre-integrating Reuters data into the Asset Control platform will reduce implementation time and expense, while providing a scalable platform to consolidate data silos. “Combining Reuters DataScope data with Asset Control’s systems enables users to slash costs by dramatically increasing the reliability and the efficiency of their investment data processing,” says Payne.