Interactive Data selected as primary vendor by Capita Financial
Interactive Data Corporation, a provider of financial market data, analytics and related services, says its pricing and reference data business has been selected as the primary vendor by Capita Financial Group, a wholly-owned subsidiary of the Capita Group, a UK provider of outsourced services.
Interactive Data says it was selected by Capita Financial as the primary data vendor for the breadth and depth of its pricing and reference data, as well as its high-quality service and ability to customise offerings.
Capita Financial will also take advantage of Interactive Data's price comparison reports, which can be tailored to client requirements.
Capita Financial is a service provider to asset managers and hedge funds, providing outsourced trade processing, operations and back office services. It provides fund accounting services for more than 400 funds and has 130 clients.
'We are taking a daily download of Interactive Data's extensive intra-day and end-of-day pricing and reference data, including corporate actions and income data,' says Karl Midl, programme director at Capita Financial.
'The price comparison reports will enable our fund accounting teams to compare intra-day prices against those of the same time on the previous day of trading and highlight any securities that fall outside our selected tolerance levels."
The data is being made available to Capita Financial Group via FTS, Interactive Data's securities administration tool, and integrated into SunGard InvestOne Enterprise, a browser-based interface for accessing and analysing investment accounting and portfolio management data.
Brendan Beith, sales director for Interactive Data (Europe), adds: "We are delighted to have been chosen by Capita Financial Group as their primary vendor and look forward to providing a high level of service. Interactive Data has worked extensively with SunGard to customise the interface to help meet Capita Financial Group's requirements. We place great emphasis on working with third party providers for the benefit of our customers and have interfaces with some 250 software and application vendors around the world."
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