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Interactive Data selected as primary reference data provider by UK's Capita Group

Posted: 16 February 2009

Interactive Data Corporation, the provider of financial market data, analytics and related services, has said that its pricing and reference data business has been selected as the primary vendor to provide a wide range of intra-day and end-of-day data to Capita Financial Group. Capita is a wholly owned subsidiary of The Capita Group Plc, a FTSE 100 company and a leading provider of outsourcing services in the UK.

Interactive Data said it was selected by Capita Financial Group as the primary data vendor for the breadth and depth of its pricing and reference data, as well as its service and ability to customise offerings. Capita Financial Group will also be taking advantage of Interactive Data's price comparison reports, which can be tailored to client requirements.

Capita Financial Group is a leading service provider to major asset management and hedge fund institutions and provides a full range of outsourced trade processing, operations and back office services. It also provides fund accounting services for over 400 funds and has 130 clients.

Karl Midl, programme director at Capita Financial Group, confirmed that the data feed from Interactive was already live.

"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," she said. "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 FTSSM, 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.

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," said sales director Brendan Beith.

 

 

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