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Soliton integrates S&P securities and reference data with TimeSquare platform

11 November 2005  |  2122 views  |  0 Source: S&P

Standard & Poor's, a leading global provider of independent research, ratings and indices, announced today a new global agreement with data management systems provider, Soliton, Inc., to manage the acquisition and integration of Standard & Poor's securities data and reference data for financial clients.

The agreement enables Standard & Poor's clients to automate the acquisition, integration, and management of Standard & Poor's securities and reference data, through Soliton's TimeSquare data platform.

"By offering our clients a cost-effective solution to integrate and manage our data, our customers will be able to take full advantage of the breadth and quality of our securities data coverage", says Frank Ciccotto, Senior Vice President, Standard & Poor's Securities Evaluations. "Coupled with Soliton's data management service TimeSquare, our clients can reduce the cost and effort to manage the myriad of our data, while establishing consistency in the provisioning of internal data resources."

Soliton's TimeSquare reference data management platform helps financial firms control costs by automating the acquisition, normalization and management of reference data, end-to-end, throughout the enterprise. The relationship with Standard & Poor's will enable both firms to reach out to mutual customers and prospects by offering high-quality financial data and data management solutions for automatic integration.

"This partnership enables us to give our customers easy access to even more market data vendors as well as extend our data models to include Standard & Poor's pricing and reference data", says Nazir Noormohamed, President & CEO, Soliton Inc. "We are very excited about our partnership."

The agreement with Soliton, Inc. provides Standard & Poor's clients with a valuable solution to manage reference data and securities data more effectively and reduce the risk and cost of manual processing and internal programming resources.

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