Eagle Investment Systems Teams Up with Interactive Data to Control Cost of Data Integration
October 27 2009 - 9:00AM
PR Newswire (US)
BOSTON, Oct. 27 /PRNewswire/ -- Eagle Investment Systems LLC, a
leading provider of financial services technology and wholly owned
subsidiary of BNY Mellon Asset Servicing, together with Interactive
Data Corporation's Pricing and Reference Data business, today
announced the availability of a packaged set of data interfaces.
This agreement makes Interactive Data's reference data available
via Eagle's data management solution. It also helps investment
managers to streamline the data integration process and
consolidate, validate and enrich financial data to support key
decision makers in making investment decisions. Leveraging a
longstanding relationship, Eagle worked closely with Interactive
Data to identify customer demands for a broad range of pricing and
reference data, including global pricing, full domestic descriptive
data, non-domestic listed markets descriptive data, and factors for
North American structured securities. The packaged interfaces
streamline the process for retrieving Interactive Data's
information and loading it into Eagle's platform. Clients can
considerably reduce the time spent bringing Interactive Data feeds
into Eagle, which results in cost savings and allows firms to focus
on other business needs. "Interactive Data delivers a broad range
of market data through a variety of automated services, and our
data sets and delivery mechanisms align well with the needs of
Eagle's customers," said Jean Aiken, vice president, Business
Development Group for Interactive Data. "Our collaborative efforts
with Eagle illustrate our ability to work with leading financial
services technology providers to deliver our data to a wider range
of clients." "The industry demands more streamlined and packaged
deployments, including pre-defined interfaces to leading market
data providers," said John Lehner, president of Eagle. "Eagle is
committed to delivering packaged offerings that automate processes,
control costs and help shorten implementation times, and working
with Interactive Data and accessing their depth of content is just
another example of our dedication to meeting market needs."
Interactive Data Corporation (NYSE:IDC) is a leading global
provider of financial market data, analytics and related solutions
to financial institutions, active traders and individual investors.
The Company's businesses supply real-time market data,
time-sensitive pricing, evaluations and reference data for millions
of securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support
of their trading, analysis, portfolio management and valuation
activities. Interactive Data, headquartered in Bedford, Mass., has
approximately 2,400 employees in offices located throughout North
America, Europe, Asia and Australia. Pearson plc
(NYSE:PSO)(LSE:PSON), an international media company, whose
businesses include the Financial Times Group, Pearson Education,
and the Penguin Group, is Interactive Data Corporation's majority
stockholder. Interactive Data's Pricing and Reference Data business
provides global securities pricing, evaluations and reference data
designed to support financial institutions' and investment funds'
pricing activities, securities operations, research and portfolio
management. Interactive Data collects, edits, maintains and
delivers data on more than 6 million securities, including daily
evaluations for approximately 2.8 million fixed income and
international equity issues. Interactive Data specializes in
'hard-to-get' information and evaluates many 'hard-to-value'
instruments. Pricing, evaluations and reference data are provided
in the U.S. through Interactive Data Pricing and Reference Data,
Inc. and internationally through Interactive Data (Europe) Ltd. and
Interactive Data (Australia) Pty Ltd. For more information about
Interactive Data Corporation and its businesses, please visit
http://www.interactivedata.com/. Eagle Investment Systems LLC, a
subsidiary of BNY Mellon Asset Servicing, is a global provider of
financial services technology. Eagle provides leading-edge
technology and services for data management, investment accounting
and performance measurement. Eagle's product suite is offered as an
installed application or can be hosted via Eagle ACCESS(SM),
Eagle's ASP offering. BNY Mellon Asset Servicing offers clients
worldwide a broad spectrum of specialized asset servicing
capabilities, including custody and fund services, securities
lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing offers its products and services through The
Bank of New York Mellon and other subsidiaries of The Bank of New
York Mellon Corporation. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation (NYSE:BK). BNY Mellon is a
global financial services company focused on helping clients manage
and service their financial assets, operating in 34 countries and
serving more than 100 markets. The company is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services, clearing
services and treasury services through a worldwide client-focused
team. It has $20.7 trillion in assets under custody and
administration, $926 billion in assets under management, services
more than $11.8 trillion in outstanding debt, and processes global
payments averaging $1.8 trillion per day. Additional information is
available at http://www.bnymellon.com/. Interactive Data(SM) and
the Interactive Data logo are service marks of Interactive Data
Corporation. DATASOURCE: Eagle Investment Systems LLC CONTACT:
Emily Bonkowski of Eagle Investment Systems LLC, +1-617-219-0196, ;
or Brian Willinsky of Interactive Data Corporation,
+1-781-687-8291, Web Site: http://www.bnymellon.com/
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