Pricing and Reference Data business of Interactive Data Corporation, a provider of financial market data, analytics and related services, has been selected as the primary vendor to provide a wide range of intra-day and end-of-day data to Capita Financial Group, a wholly owned subsidiary of The Capita Group Plc, a FTSE 100 company and a provider of outsourcing services in the UK.
Interactive Data was selected by Capita Financial Group as the primary data vendor for the breadth and depth of its pricing and reference data. Capita Financial Group will also be taking advantage of Interactive Data’s price comparison reports, which can be tailored to client requirements.
“We are very pleased to have successfully implemented the datafeed, which has now gone live,” says Karl Midl, programme director at Capita Financial Group. “We are taking a daily download of Interactive Data’s extensive intra-day and end-of-day pricing and reference data, including corporate actions and income data. The price comparison reports will enable our fund accounting teams to compare intra-day prices against those of the same time on the previous day of trading and highlight any securities that fall outside our selected tolerance levels.”
The data is being made available to Capita Financial Group via FTSSM, Interactive Data’s securities administration tool, and integrated into SunGard InvestOne Enterprise, a browser-based interface for accessing and analysing investment accounting and portfolio management data.
“We are delighted to have been chosen by Capita Financial Group as their primary vendor and look forward to providing a high level of service,” says Brendan Beith, sales director, Interactive Data (Europe). “Interactive Data has worked extensively with SunGard to customise the interface to help meet Capita Financial Group’s requirements. We place great emphasis on working with third party providers for the benefit of our customers and have interfaces with some 250 software and application vendors around the world.”
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