Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Managed Solutions business has worked with Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, to provide its clients with financial information and research.
Interactive Data helped to build a comprehensive suite of financial tools, as well as provided market data and research components, for Scivantage's financial advisory and retail investor clients. These include: a detailed market overview page, which provides the market movement of the day with mini-charts of the top indices, a market snapshot, a list of most actives, and top news headlines. Additionally, company profiles and a market movers page provide more in-depth information on individual companies and the U.S. markets at large. Sophisticated charts, portfolios, alerts and screeners round out the solution.
Scivantage offers its clients a suite of back-office independent, brokerage solutions that span the workflow of financial professionals and help support the complex investment needs of the retail investor. Clients include more than 50 U.S. brokerages and banks, including five of the top 10 U.S. banks and seven of the top 20 U.S. brokerages.
"Scivantage is committed to providing innovative products and services to our clients. Through our new relationship with Interactive Data, we were able to launch a robust market data and research module to clients on both our Scivantage InvestorTM and Scivantage ProfessionalTM platforms," said Joe Stensland, senior vice president, marketing and products for Scivantage. "We have recently deployed multiple new client portals containing the new content and they have been very well received. Each of these new portals has been configured to meet the look and feel of a customer's corporate design, while maintaining their cohesiveness and functionality."
"We were very happy to work with Scivantage to help enhance their suite of financial tools and market data information which we believe will be crucial to their core customers - brokers, bankers, and other investors making financial decisions," said Luan Cox, general manager of Interactive Data Managed Solutions (Americas). "Our highly skilled team worked together with Scivantage to provide improved portfolio tracking functionality."
Interactive Data utilizes financial market data to help build and manage customized Web-based applications for financial customers such as global wealth managers, retail and investment banks, asset managers, online brokers and stock exchanges. These applications aggregate a tailored set of financial data and customer-proprietary content, and offer visually stunning features such as streaming data feeds, charts, sophisticated search functions and decision-support tools and analytics.