SimCorp and Thomson Reuters Enhance Users’ Access to Pricing, Reference Content
Adapter Brings Configurable, Transparent DataScope Pricing & Data Solution to SimCorp Buy-Side Clients
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, and Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the installation of a dedicated adapter enabling portfolio managers to access DataScope Select pricing and reference data through the SimCorp Dimension software platform. The innovative joint solution permits investment, asset and fund managers who use SimCorp Dimension software to request and load DataScope Select evaluated fixed income data and analytics on a highly customizable basis.
The jointly developed adapter is being integrated as an optional component of the latest SimCorp Dimension software release. Clients order directly from SimCorp to have this interface installed, and in turn, they contract with Thomson Reuters for those DataScope Select pricing and data fields required to meet their portfolio management and compliance needs. With the new adapter, SimCorp Dimension users can take preconfigured data fields from DataScope Select, then define, set and change their own rules and schedules, as well as monitor the status of all data requests in the system. The Thomson Reuters solution covers static data and prices for multiple instrument types, and handles end-of-day updates as well as intra-day requests, such as new pricing instrument additions.
“This enhanced service offering further demonstrates our commitment to providing the very latest pricing and referential content to power investment decisions and administer the post-trade lifecycle of investment management,” said Stuart Martin, Global Head of Asset Servicing for Thomson Reuters Pricing and Reference Services. “As more financial institutions seek to optimize operational efficiencies, the need for timely, reliable and transparent information has become ever more critical. This – coupled with seamless integration to SimCorp Dimension – lets users leverage an extended data set to help them comply with regulatory obligations such as Solvency II and Portfolio Compliance across the enterprise.”
“SimCorp is always seeking ways to support our clients in managing the many requirements and obligations of today’s financial industry,” said Marc Schröter, Senior Vice President for Product Management at SimCorp. “This adapter is a noteworthy extension of the v5.7 SimCorp Dimension platform, enabling us to offer new options to help our clients address the vast data management challenges they are facing.”
The specially designed adapter offers SimCorp users a much broader range of integrated data sets (e.g. bonds reference data) via the DataScope Select evaluated pricing and reference delivery platform, covering over 2.5 million fixed income securities, derivatives, and bank loans. SimCorp also provides training during the implementation of the interface, along with ongoing assistance to SimCorp Dimension customers. Moreover, they benefit from a key DataScope function: an audit trail displaying the latest update, status and time of each pricing and reference request. Customers can monitor these requests and filter them by status.
Intended as the ultimate solution for asset managers, fund administrators and market data managers, DataScope Select is a strategic data delivery platform featuring a full cross-asset offering along with intelligently linked data including corporate actions, reference data, legal entity data, end-of-day / intra-day pricing and evaluated pricing services.
SimCorp Dimension offers a flexible, scalable and adaptable solution that supports the complete buy-side investment management value chain from investment analysis through trade execution, settlement, investment accounting and client reporting. It has a portfolio of individual solutions that map directly to every phase of the investment management process and are integrated around a single central database.
For more information about the DataScope platform, please visit http://thomsonreuters.com/en/products-services/financial/market-data/datascope-select.html.
For an on-demand presentation of the highlights of SimCorp Dimension Release 5.7 – including the above-referenced adapter – please visit: http://www.simcorp.com/Release-5-7/highlights.
Enquiries regarding this announcement should be addressed to:
Rikke Dalager, SimCorp Corporate Communications, +45 3544 8800
Lemuel Brewster, Senior Public Relations Director, Financial & Risk, +1 646-223-5147, +1 917-805-1089, lemuel.brewster@thomsonreuters.com
Mark D. Harrop, Public Relations Manager, Financial & Risk, +1 646-223-7803, +1 347-803-5575, mark.harrop@thomsonreuters.com
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.
About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.