State Street and FactSet Partner to Streamline Data Flows Across Front, Middle & Back Office
July 06 2022 - 8:00AM
Business Wire
State Street and FactSet today announced a strategic partnership
integrating State Street Alpha and the complementary strengths of
FactSet to streamline data flows across the front, middle and
back-office through State Street's Alpha Data Platform.
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The two companies expect the collaboration will provide common
clients with a seamless and highly functional experience from
client portals for equity, fixed income and multi-asset strategies
all the way through to custody.
Across the back and middle office, the turnkey integration of
State Street portfolio accounting data into FactSet’s leading
performance attribution, risk and reporting capabilities fosters a
more seamless client experience with portfolio analytics from
FactSet also integrated into the State Street Alpha Data Platform.
In addition, portfolios in FactSet will update intra-day as trades
are executed and allocated in Charles River while proposed trades
in FactSet transfer to Charles River for compliance and order
management.
“Our clients consistently tell us that they are forging deeper,
more strategic relationships with fewer partners and they expect
their resulting partners to increasingly collaborate to better
support them,” said Phil Snow, FactSet’s CEO. “This partnership
exemplifies that concept, and I am thrilled that we are bringing
our teams together to put clients first.”
“Data is at the heart of our Alpha strategy, and we remain
committed to providing the leading data platform to the investment
management industry to provide clients easy access to aggregated
data, analytics and real-time insights,” said John Plansky, head of
State Street Alpha. “This partnership furthers our Alpha strategy
by now enabling Alpha clients to create and analyze portfolios
using FactSet.”
About State Street
State Street Corporation (NYSE: STT) is one of the world’s
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $41.7 trillion in assets
under custody and/or administration and $4.0 trillion* in assets
under management as of March 31, 2022, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street’s website at www.statestreet.com.
*Assets under management as of March 31, 2022 includes
approximately $73 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2022 State Street Corporation - All Rights Reserved
4831918.1.1.GBL.RTL
About FactSet
FactSet (NYSE: FDS | NASDAQ: FDS) delivers superior content,
analytics, and flexible technology to help more than 170,000 users
see and seize opportunity sooner. We give investment professionals
the edge to outperform with informed insights, workflow solutions
across the portfolio lifecycle, and industry-leading support from
dedicated specialists. We're proud to have been recognized with
multiple awards for our analytical and data-driven solutions, with
the distinction of having been recently added to the S&P 500
and repeatedly scored 100 by the Human Rights Campaign® Corporate
Equality Index for our LGBTQ+ inclusive policies and practices.
Subscribe to our thought leadership blog to get fresh insight
delivered daily at insight.factset.com. Learn more at
www.factset.com and follow us on Twitter:
www.twitter.com/factset.
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version on businesswire.com: https://www.businesswire.com/news/home/20220706005442/en/
Media: State Street Ed Patterson +1(404) 213-3106
epatterson@statestreet.com
Media: FactSet Megan Kovach +1 (512) 736-2795
megan.kovach@factset.com
FactSet Investor Relations: Kendra Brown +1 (203)
810-2684 kbrown@factset.com
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