Fixed income pricing outfit GovPX has signed an outsourcing contract with New York-based Cicada for the supply of data management technology and services.
The technology and managed operations package will based on Cicada's information management and distribution platform, Composer. The platform manages data acquisition, validation, cleansing and distribution.
Cicada says the package will enable GovPX to improve delivery of its real-time and historical data products through vendors and other channels including the Internet.
Lawrence Leuzzi, GovPX chairman and CEO, says the firm is determined to deliver information in the most reliable, flexible and efficient way possible: "Cicada's truly end-to-end managed technology and services solution will help assure we meet this goal and have the tools to accommodate growth and respond seamlessly to customer demand."