Service provides end-of-day pricing and securities data.
Press Release Summary:
Provided via data delivery platform that enables firms to choose and prioritize pricing and data sources, MasterFeed offers comprehensive coverage of global equities and fixed income securities, as well as dividend announcements and descriptive data. As primary pricing source, Securities Evaluations provide independent evaluations on fixed-income securities, expanding coverage on illiquid securities to include CDS, Swaps, and European structured finance bonds.
Original Press Release:
Soliton Inc. Introduces Industry's First Feed Handler for Standard & Poor's New Global MasterFeed
Eases Integration for Clients Of the Recently Enhanced Standard & Poor's Reference Data and Pricing Service
NEW YORK, March 27 / -- Standard & Poor's, a leading global provider of independent research, ratings, indices and fixed-income evaluations, today announced that Soliton Inc. is the first data systems vendor to offer an off-the-shelf feed handler and data model for MasterFeed, Standard & Poor's new global consolidated securities reference data and end-of-day pricing service. Standard & Poor's global MasterFeed was released in March to offer more flexible formatting and extensive global asset coverage in a single consolidated feed. The mutually beneficial relationship provides financial institutions with a superior quality data feed that can be seamlessly and efficiently integrated into their internal systems.
Standard & Poor's MasterFeed, with its comprehensive coverage of global equities, fixed income securities as well as dividend announcements and descriptive data, is delivered via an enhanced data delivery platform which enables firms to choose and prioritize pricing and data sources in an easy-to-code format that meets their specific needs and preferences.
"By virtue of our enhanced MasterFeed, clients can more easily and automatically integrate pricing and descriptive data from multiple sources, thus streamlining processing and improving efficiencies of managing a variety of data sources," notes Frank Ciccotto, Senior Vice President for Standard & Poor's Securities Evaluations and Information Services. "An industry first, Soliton's feed handler further simplifies the development complexity and reduces the cost of coding to our newly enhanced global data delivery platform."
As a primary pricing source, Standard & Poor's Securities Evaluations provides independent evaluations on fixed-income securities, recently expanding their coverage on illiquid securities to include CDS, Swaps, and European structured finance bonds. MasterFeed taps additional data sources to offer comprehensive global coverage, and combined with Soliton's data integration expertise, makes it easier for firms to prioritize primary and secondary sources based upon their needs and preferences. This reduces the operational risks, costs and inefficiencies of managing multiple data sources without formatting flexibility.
"This alliance will help companies to reduce the time and costs of accessing content from a leading authoritative source of multi-asset securities pricing and reference data," says Nazir Noormohamed, President & CEO of Soliton Inc. "At the same time, we can now offer Standard & Poor's extensive global client base our comprehensive 'TimeSquare' data management platform that can automate their business process and give the organization full control of their data."
About Standard & Poor's
Standard & Poor's Securities Evaluations, Inc., a wholly owned subsidiary of The McGraw-Hill Companies, Inc. ("McGraw-Hill"), provides independent fixed-income evaluations and equity pricing services for more than four million global securities. Analytic services and products provided by Standard & Poor's are the result of separate activities designed to preserve the independence and objectivity of each analytic process. Standard & Poor's has established policies and procedures to maintain the confidentiality of non-public information received during each analytic process.
Standard & Poor's, a division of McGraw-Hill (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With 6,000 employees located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com/ .
About Soliton Inc.
Soliton Inc. is an industry leader and innovator focused on helping financial institutions minimize costs and improve operational efficiency in the management of investment data. The company's TimeSquare software, Reference Data Managed Service, ASP and hosted solutions centralize the acquisition of global reference data from multiple sources and make more timely, accurate and consistent data available across the enterprise. Soliton helps asset managers and major financial institutions around the world improve the quality of their data, minimize risks and improve regulatory compliance. Founded in 1993, Soliton is a privately held company with headquarters in Toronto and offices in New York and Coventry, UK.
For more information, visit http://www.soliton.com/
CONTACT: Standard & Poor's Product Contact:
Mike Heaney
Standard & Poor's Securities Evaluations
+1-212-438-1908
mike_heaney@standardandpoors.com
