Standard & Poor's, a leading global provider of independent research, ratings, indices and fixed-income evaluations, today announced that Soliton Inc. is the first data systems vendor to offer an off-the-shelf feed handler and data model for MasterFeed, Standard & Poor's new global consolidated securities reference data and end-of-day pricing service.
Standard & Poor's global MasterFeed was released in March to offer more flexible formatting and extensive global asset coverage in a single consolidated feed. The mutually beneficial relationship provides financial institutions with a superior quality data feed that can be seamlessly and efficiently integrated into their internal systems.
Standard & Poor's MasterFeed, with its comprehensive coverage of global equities, fixed income securities as well as dividend announcements and descriptive data, is delivered via an enhanced data delivery platform which enables firms to choose and prioritize pricing and data sources in an easy-to-code format that meets their specific needs and preferences.
"By virtue of our enhanced MasterFeed, clients can more easily and automatically integrate pricing and descriptive data from multiple sources, thus streamlining processing and improving efficiencies of managing a variety of data sources," notes Frank Ciccotto, Senior Vice President for Standard & Poor's Securities Evaluations and Information Services. "An industry first, Soliton's feed handler further simplifies the development complexity and reduces the cost of coding to our newly enhanced global data delivery platform."
As a primary pricing source, Standard & Poor's Securities Evaluations provides independent evaluations on fixed-income securities, recently expanding their coverage on illiquid securities to include CDS, Swaps, and European structured finance bonds. MasterFeed taps additional data sources to offer comprehensive global coverage, and combined with Solition's data integration expertise, makes it easier for firms to prioritize primary and secondary sources based upon their needs and preferences. This reduces the operational risks, costs and inefficiencies of managing multiple data sources without formatting flexibility.
"This alliance will help companies to reduce time and costs accessing content from a leading authoritative source of multi-asset securities pricing and reference data," says Nazir Noormohamed, President & CEO of Soliton Inc. "At the same time, we can now offer Standard & Poor's extensive global client base with our comprehensive "TimeSquare" data management platform that can automate their business process and give the organisation full control of their data."