Reuters DataScope has entered a market data management alliance with Dutch reference data outfit Asset Control.
Under the agreement, Reuters DataScope's equity, fixed income and corporate actions data will be integrated with Asset Control's software to provide a mechanism for managing and distributing Reuters data to a department or throughout the enterprise - from automatic corporate action management to synchronising pricing and reference data across the whole company.
Todd McGee, vice president of third party alliances at Reuters DataScope explains: "By combining Reuters proprietary security identification and reference data and Asset Control's ability to match identifiers with other coding systems, our integrated solution enables information to travel seamlessly between trading floors and back offices."
With Asset Control, the sourcing, storage and manipulation of reference data can be centralised, says McGee, creating a company-wide standard for all data.
He continues: "Instead of being hindered by the costly inefficiencies of different data types in different systems, companies can create one unified environment supporting the entire transaction flow and asset management realm."