Soliton Inc announced that the investment management division of a major US based institutional fund manager has signed an agreement to become a customer for its Reference Data Managed Service.
This service, available since early 2005, is designed to help financial institutions with the operations and management of their reference data workflows. This is the process of receiving and processing incoming data feeds for accurate inhouse and end user use. Soliton will provide this customer with a managed, outsourced service to improve their reference data processes and reduce operational costs.
The Soliton Reference Data Managed Service manages incoming vendor data feeds from multiple sources and provides the data management, data enrichment, validation, and delivery of reference data and other investment data such as index and pricing data, to internal customer systems and end users. This customer agreement will extend Soliton’s existing commitment from supporting data and workflows in TimeSquare, to providing a remotely managed, 24/7 outsourced data system service and security master support from its operation centers in Canada , United Kingdom and USA . The managed service will assist the customer with enhancing the quality of their internally used market information, secure greater returns and efficiency from their investment data operations, and minimize regulatory concerns.