Reuters (LSE: RTR, Nasdaq: RTRSY), the global information company, today announced a joint marketing alliance with Princeton Financial® Systems, a wholly owned subsidiary of State Street Corporation, for an interface between Reuters DataScope data and Princeton Financial's PAM® for Securities Portfolio Accounting and Management System.
The interface between Reuters DataScope and PAM provides PAM with an automated feed of quality checked fixed income and equity market data for investment decision making, trading, record keeping, compliance, reconciliation and settlement to accounting, performance measurement, and reporting.
Michael Doucette, Managing Director, Strategic Solutions at PFS, said: "We provide our customers with a choice of the best of breed functionality by making products available on the market to work in concert with PAM. We look forward to potentially expanding our relations with Reuters DataScope in the future, to give our PAM clients even more quality reference and historical data."
Todd McGee, VP of Enterprise Sales for Reuters DataScope, said: "We are very pleased to offer Reuters pricing and corporate actions data to PAM customers. Reuters DataScope's evaluated fixed income pricing and depth of global data offers customers a complete view of the market. The relationship with PAM is yet another result of our continued drive to expand the Reuters content value chain from front to back office."
Princeton's flagship PAM investment management systems are currently used worldwide by over 375 leading investment managers, insurance companies, mutual funds and unit trusts, pension funds, hedge funds, endowments, banks, and corporations, which manage combined total assets over $3 trillion USD.
Around a quarter of Reuters DataScope market opportunities are expected to be realized from third party alliances. The alliance with Princeton Financial is one of many partnerships achieved by the Reuters DataScope Third Party Alliance team.
Last year Reuters DataScope joined up with FOW TRADEdata, a leading supplier of fundamental reference data for exchange traded futures and options, combining around 20,000 of Reuters instrument codes (RICs) with FOW TRADEdata's premium futures and options data service.
Reuters DataScope also allied with Asset Control, a leading provider of investment data integration solutions to the financial industry, where the two firms integrated their products enabling users to rapidly implement the entire range of Reuters DataScope products in Asset Control's data management solutions.