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Soliton signs one to managed reference data service

21 November 2005  |  1544 views  |  0 Source: Soliton

Soliton Inc., an industry leader in financial software and solutions announced today that the investment management division of a major US based institutional fund manager has signed an agreement to become a customer for its Reference Data Managed Service.

This service, available since early 2005, is designed to help financial institutions with the operations and management of their reference data workflows. This is the process of receiving and processing incoming data feeds for accurate inhouse and end user use. Soliton will provide this customer with a managed, outsourced service to improve their reference data processes and reduce operational costs.

The Soliton Reference Data Managed Service manages incoming vendor data feeds from multiple sources and provides the data management, data enrichment, validation, and delivery of reference data and other investment data such as index and pricing data, to internal customer systems and end users. This customer agreement will extend Soliton’s existing commitment from supporting data and workflows in TimeSquare, to providing a remotely managed, 24/7 outsourced data system service and security master support from its operation centers in Canada, United Kingdom and USA. The managed service will assist the customer with enhancing the quality of their internally used market information, secure greater returns and efficiency from their investment data operations, and minimize regulatory concerns.

"We are very pleased to extend this customer relationship to provide operational management to their reference data system and workflows," said Nazir Noormohamed, President & CEO of Soliton. "This managed service is an example of Soliton's continual evolution to meet market needs with innovative customer solutions," He said. "We are happy when one of the world's largest fund management companies recognize Soliton's extensive experience and reference data content knowledge by choosing us to help manage their important financial processes."

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