Advent Software (NASDAQ:ADVS) a leading provider of software and services for the global investment management industry, today announced that it has entered into an agreement with Thomson Reuters to link Geneva and Advent Portfolio Exchange (APX), its award-winning portfolio management solutions, with Thomson Reuters' global pricing and security reference data service, DataScope Select.
DataScope Select provides global pricing and security reference data including corporate actions for portfolio management, administration and valuation. The service covers the spectrum of data from the global exchanges, as well as foreign exchange, fixed income and derivative pricing. Together with Thomson Reuters, Advent will develop an interface that will offer Geneva® and APX clients' access to DataScope Select.
"By linking Geneva and APX to DataScope, Advent clients will be able to seamlessly integrate pricing and reference data, which will help them to effectively manage their data requirements in a timely and flexible way," said Daniel Eriksson, Director Solutions Management, Advent Software EMEA. "Advent is very pleased to be working together with Thomson Reuters in order to expand and enhance the core capabilities of our Geneva and APX offerings."
Gerry Buggy, Global Head of Hedge Funds, Thomson Reuters, said, "Thomson Reuters offers the broadest data coverage, including price, terms, conditions, corporate actions and counterparty data housed and maintained on a truly global basis. Our relationship with Advent is an endorsement of Thomson Reuters' commitment to providing the investment management community with processing efficiencies and a consistent valuation process."
Concluded George McLaughlin, Director of Alliances, Advent Software, "Our alliance with an industry leader like Thomson Reuters is a great example of Advent's commitment to bring additional benefits to our clients via relationships with best-of-breed providers of complementary products and services."