Aim-To, a solutions provider for the hedge fund industry, has announced the interconnectivity of DataScope, Thomson Reuters’ global pricing and sec
Aim-To, a solutions provider for the hedge fund industry, has announced the interconnectivity of DataScope, Thomson Reuters’ global pricing and security reference data service, with the VerusHedge Security Master system, in response to increased demand from hedge fund managers for broader coverage of asset classes and data.
Reuters DataScope provides pricing, factors, terms and conditions, corporate actions, cash flows, and analytical data on the universe of equities, options, futures and asset-backed securities including interest rate swaps, total return swaps, credit default swaps and collateralised mortgage obligations.
Security Master was co-developed with a US hedge fund manager to streamline integration between different operational systems providing portfolio management, accounting, trade entry and trade allocation. By centralising the security master information in one system, Aim-To says, the cost savings and quality of data both boost the fund’s performance.
VerusHedge uses a subscriber-provider model that offers integrated access to both historical and real time market data. “Hedge funds are sophisticated users of both real-time and historical information and we are pleased to extend our reach to this important market segment,” says Thomson Reuters vice-president Ronald Ramjug.
“We feel the combination of Thomson Reuters’ comprehensive market data with Aim-To’s expertise in helping hedge funds integrate legacy systems into a common security master platform will provide a valuable service to the financial industry.”
Aim-To chief executive Stephen Casner adds: “The demand for comprehensive data within our industry is unrelenting, and Thomson Reuters products are delivering for our clients each day.”
Created in 2005 by a merger of Picasso Software and MarketDataInsite and based in Jersey City, Aim-To provides front-, middle- and back-office solutions for hedge funds. Its HedgeSpend product offers outsourced processing and reporting to enable a fund to reduce back-office costs associated with market data, telecom and other allocated expenses.
