Pricing and Reference Data business of Interactive Data Corporation 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.
Capita Financial Group’s selection is based on Interactive Data’s breadth and depth of pricing and reference data, as well as its high-quality service and ability to customise offerings. Capita Financial Group will also be taking advantage of Interactive Data’s price comparison reports, which can be tailored to client requirements.
Capita Financial Group is a service provider to major asset management and hedge fund institutions and provides a full range of outsourced trade processing, operations and back office services. Capita Financial Group provides fund accounting services for over 400 funds and has 130 clients.
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 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,” says Karl Midl, programme director, Capita Financial Group.
“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.”
“Interactive Data has worked extensively with SunGard to customise the interface to help meet Capita Financial Group’s requirements,” says Brendan Beith, sales director, Interactive Data, Europe. “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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