Thomson Reuters to Provide Reference Data to SmartStream's Reference Data Utility, SPReD
(Thomson Reuters ONE) -
Agreement provides reference data to SmartStream with access to Thomson Reuters
PermID, streamlining complex data collection for clients
NEW YORK / LONDON, October 29, 2015 - Thomson Reuters today announced that it
will now deliver reference data to SmartStream's Reference Data Utility, known
as Securities Product Reference Data (SPReD). As part of the agreement,
SmartStream will have access to Thomson Reuters PermID, the machine-readable
identifier developed to create a unique reference for any data item. SPReD will
provide services for instrument reference data normalization and validation
across all asset classes to many of the industry's leading banks.
"We see tremendous benefits to the financial industry embracing a centralized
Reference Data Utility, and we are delighted to be working with firms such as
Thomson Reuters to help deliver the critical reference data needed to make this
a reality for our clients," said Philippe Chambadal, CEO of SmartStream.
"Trusted and reliable reference data will continue to drive our business and
that of our growing clients. Our Utility is designed to ensure that our clients
have full access to the most comprehensive reference data available."
SPReD will provide clients with a multi-tenanted, auditable environment for data
collection, cleansing, and change management based on customized integration
standards to generate a flexible, bespoke security master database. Leveraging
common market processes, incorporating best practices and individual controls,
consumers of instrument data across capital markets will potentially benefit
from savings and operations improvements as clients of the Utility.
"While it will be no simple task to establish a Utility for reference data, one
of the tenets of such an effort is ensuring that the data that feeds the Utility
is of high quality," said Virginie O'Shea, senior analyst at Aite Group.
"Establishing key industry partnerships sets the Utility on a good foot forward
to gain wider traction further down the road. Widespread adoption is the
ultimate aim of the Utility, after all."
"Working with our global clients and other providers to deliver solutions
designed to simplify and enable them to conduct global business is at the core
of our mission," said Debra Walton, chief content & product officer at Thomson
Reuters. "The opportunity to collaborate with SmartStream to deliver our
reference data services through this new Utility is consistent with our
commitment to data quality and delivering our content into whatever data
governance, software infrastructure or operational model our clients select."
"We are particularly pleased that SmartStream has chosen to adopt Thomson
Reuters PermID; this is an important step for the industry in solving the
increasingly complex challenge of data integration and data linking," added
Walton.
Thomson Reuters Pricing & Reference Service is a global solution that covers
over 2.5 million fixed income securities, derivatives and loans, priced daily,
including: collateralized loan obligations (CLOs), collateralized debt
obligations (CDOs), asset-backed securities (ABS), commercial mortgage-backed
securities (CMBS), credit default swaps (CDS), corporates, US municipals,
structured products and more. For more information on Thomson Reuters Pricing &
Reference Service, please visit:www.prdcommunity.com.
Thomson Reuters PermID is a machine-readable identifier developed to create a
unique reference for any data item. Unlike stock tickers and other such symbols,
PermID never changes. PermID was developed by Thomson Reuters to manage its own
internal datasets and is now being made available more widely to help solve the
big data challenges faced by multiple industries. For more information about
Thomson Reuters PermID, please visit https://permid.org/.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news
organization. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go to http://thomsonreuters.com/.
CONTACTS
Lemuel Brewster
Thomson Reuters
Senior Public Relations Director, Financial & Risk
Office +1 646-223-5147
Mobile +1 917-805-1089
lemuel.brewster(at)thomsonreuters.com
Dan Bradley
Thomson Reuters
PR Director, Financial Technology Platforms
Office +44 (0)20-7542-7024
dan.bradley(at)thomsonreuters.com
Brian Bertsch
Thomson Reuters
Office +1 646-223-5985
brian.bertsch(at)thomsonreuters.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via GlobeNewswire
[HUG#1962401]
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2015 - 11:41 Uhr
Sprache: Deutsch
News-ID 430374
Anzahl Zeichen: 5896
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 314 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Thomson Reuters to Provide Reference Data to SmartStream's Reference Data Utility, SPReD"
steht unter der journalistisch-redaktionellen Verantwortung von
Thomson Reuters Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
