Interactive Data Corporation, a provider of financial market data, analytics and related services, announced that its Pricing and Reference Data business is providing bond evaluations to Pictet & Cie, one of Switzerland’s largest private banks and an independent asset management bank in Europe.
Prior to the successful migration of Pictet’s core banking system, Interactive Data provided its bond evaluations service via a third party. Pictet now uses the Avaloq Banking System in conjunction with GAIN Data Management from AIM Software. This new platform enables Pictet to access more up-to-date and much wider coverage of bond evaluations, which are delivered via FTSSM, Interactive Data’s securities administration service.
“The integration of the bond evaluations service into GAIN Data Management gives us direct access to a large universe of bond evaluations from Interactive Data,” says Michel Mermoux, head of Market Data, Pictet & Cie. “We currently subscribe to over 3,000 bond evaluations on a daily basis, primarily mortgage-backed securities, but also municipal bonds and other fixed income securities.”
“We are pleased that we are now able to supply our daily bond evaluations directly into Pictet’s multi-feed solution, and by doing so help to achieve more efficient data management,” says Brendan Beith, sales director, Interactive Data (Europe). “This direct feed allows Pictet to benefit from our wide range of fixed income evaluations and will also enable Pictet to subscribe to our evaluations of other asset types.”