SIX Financial Information is teaming up with Triangle Park to redistribute end-of-day pricing data, a move that enhances Triangle Park's data offering for surveillance, monitoring and OTC price verification activities.
SIX Financial Information, a premium provider of global financial information, is partnering with Triangle Park, a leading provider of market pricing, credit and reference information, to assist firms in addressing regulatory and auditing price verification as well as surveillance requirements. Triangle Park clients now have the ability to incorporate security prices supplied by SIX Financial Information to their workflow tools to perform tolerance and variance checks for compliance and audit purposes.
Ron Valinoti, founder of Triangle Park says, "In the current regulatory environment, financial service companies need transparency and oversight tools more than ever. By providing our clients with the option to verify market prices and validate their portfolio values with an independent, objective source like SIX Financial Information, we're giving them a best-of-breed alternative."
The company provides difficult to procure workflow tools and market data sets for monitoring fair/reasonable trading execution, liquidity of OTC assets and day-to-day market volatility. With the ability to draw prices from SIX Financial Information's extensive database of over 11 million global securities, Triangle Park's customers now have access to one of the most comprehensive data sets in the world.
"Working with a partner like Triangle Park is an ideal situation for SIX Financial Information", said Barry Raskin, Managing Director of SIX Financial Information USA. "Our database covers more than 11 million securities, giving Triangle Park's clients access to unrivaled breadth and depth of market data. And their unique offering adds tremendous value to our data through services that help clients realize cost efficiencies and improve operational workflow. It's a win-win situation for the end users."