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.