Thomson launches European intraday snapshot service

Source: Thomson Financial

Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced that it has launched the Thomson Intraday Snapshot Service in Europe and that it has further committed to the Linedata Services Accredited Data Vendor Partner Programme.

Harnessing Thomson Financial's datafeed expertise, the Thomson Intraday Snapshot Service provides a fast, comprehensive, batch snapshot service of Thomson Financial's global real-time and reference data. It spans multiple asset classes and supports portfolio valuation and risk management processes, without the need for costly additional infrastructure at the client site.

As part of this launch, Thomson Financial has further committed to the Linedata Services Accredited Data Vendor Partner Programme for Icon, the complete back-office fund management and administration solution.

Already a long-term accredited data partner via its Thomson Datastream service, Thomson Financial is now extending the range of its services available to Icon customers through seamless interfaces.

Pete Hudson, Head of Product Marketing for Linedata Services, said: "The addition of the Intraday Snapshot Service to our programme is exciting news for both current and future Icon customers. Although Thomson Datastream was the original data feed for the Icon system, our customers are now demanding more choice and functionality. We are delighted that Thomson Financial has responded to this need with the launch of its new Intraday Snapshot Service."

Thomas Aubrey, Investment Management Director, Thomson Financial, commented: "We have invested extensively in our datafeed offering, which is supported by our growing team of specialists who actively tailor datafeed solutions to reflect different job function requirements within client organisations. The Thomson Intraday Snapshot Service draws on the full breadth and depth of Thomson Financial's real-time and reference data content. We have been particularly encouraged by positive market feedback following the soft launch this summer, especially amongst the Icon user base. We are also pleased to announce the extension of our important partnership with Linedata."

The Thomson Intraday Snapshot Service helps fund administrators and hedge fund management clients perform a range of functions. These include fast portfolio valuation to ensure the latest information is used prior to publication, analysis or release, improved risk management and attribution to release regulatory capital; and the generation of accurate information to support performance attribution - across a wide range of prices for securities and portfolios. Key features are:

  • Multi asset coverage - including equities, benchmark bonds, derivatives, forex and money markets
  • Breadth and depth of content - over 130 Global exchange and third party sources
  • Timeliness - delivery within three minutes
  • Low cost of ownership - through delivery as a hosted solution, which means that Thomson infrastructure is not required at the client site
  • Compliance - Exchange permissions managed by the Thomson Intraday Snapshot Service
  • Co-mingling of reference data alongside accurate prices
  • Reliability - with full resilience including back up and disaster recovery capabilities, guaranteeing data delivery

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