SunGard's AddVantage Offers Automated Security Master Set Up Capability with New FT Interactive Data XML Web-Based Process
October 05 2005 - 4:10PM
Business Wire
- SunGard and FT Interactive Data Corporation, the major operating
subsidiary of Interactive Data Corporation (NYSE: IDC), today
announced that SunGard's AddVantage, an asset management, trust
accounting and securities processing solution
(http://www.sungard.com/addvantage), now offers an interface to FT
Interactive Data's XML Market Information Query Response System.
The interface is designed to help mutual customers facilitate the
set up of equity and fixed income security master information
provided by FTID from within the AddVantage system. SunGard's
AddVantage interface, in conjunction with FT Interactive Data's XML
Market Information Query Response System, helps automate the set-up
process of asset or security information. Customers can access FT
Interactive Data's security master data directly from AddVantage
via an Internet connection to FT Interactive Data's XML Market
Information Query Response System. Accessing security master data
in this fashion is seamless for AddVantage customers, and requires
no additional steps for them to receive the data. Available on an
installed or hosted basis, AddVantage is a fully integrated asset
management, trust accounting and securities processing solution
used by banks and investment management firms. SunGard is one of
the first IT software and services companies to take advantage of
FT Interactive Data's new, more flexible, delivery method for North
American security master information. The data is formatted through
a Web services application on a request-response basis returning
data in Market Data Definition Language (MDDL), an industry
standard XML protocol. "We are pleased to work with SunGard to
create a new service delivery mechanism utilizing Web-based
technology and industry standard protocols to help our mutual
customers improve their workflow," said Ray D'Arcy, president of
Sales, Marketing and Institutional Business Development for
Interactive Data. "Our security master data reflects more than 30
years of experience in market data collection and validation and
this new capability helps make it easier for customers to access
this rich data resource." "The ongoing success of AddVantage is the
result of continuous enhancements designed to help customers gain
efficiencies and reduce errors," said Niraj Gilja, president of
SunGard's AddVantage business unit. "The interface with FT
Interactive Data will help AddVantage customers to streamline their
processing by retrieving security master information from within
the AddVantage system." About FT Interactive Data FT Interactive
Data is a leading provider of financial information and analytical
software to global markets. FT Interactive Data supplies global
securities pricing, evaluations, dividend, corporate action and
descriptive information designed to support mutual funds' pricing
activities, securities operations, research, and portfolio
management. The company collects, edits, maintains, and delivers
data on more than 3.5 million securities, including daily
evaluations for more than 2.5 million fixed income issues. FT
Interactive Data is the major operating subsidiary of Interactive
Data Corporation (NYSE: IDC), a leading global provider of
financial and business information to institutional and individual
investors. To learn more, visit us at www.FTInteractiveData.com.
Interactive Data Corporation is approximately 60 percent owned by
Pearson plc and included within its Financial Times Group. About
AddVantage An asset management, trust accounting, and securities
processing solution, AddVantage helps institutions serve their
customers by expanding access to data and services through the Web.
Employed by large and medium-sized banks and investment management
firms across the U.S., AddVantage provides fund administrators,
portfolio managers, and their customers with 24/7 Web access to
real-time account information. It also provides a comprehensive set
of investment management and trade processing capabilities. About
SunGard With annual revenue of $4 billion, SunGard is a global
leader in software and processing solutions for financial services,
higher education and the public sector. SunGard also helps
information-dependent enterprises of all types to ensure the
continuity of their business. SunGard serves more than 25,000
customers in more than 50 countries, including the world's 50
largest financial services companies. Visit SunGard at
www.sungard.com. Trademark information: SunGard, the SunGard logo
and AddVantage are trademarks or registered trademarks of SunGard
Data Systems Inc. or its subsidiaries in the U.S. and other
countries. All other trade names are trademarks or registered
trademarks of their respective holders.
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