Radianz, a New York City-based connectivity provider, will be distributing Relegence's business news and intelligence gathering, analysis, and distribution service, FirstTrack. Radianz will have the ability to distribute the service to the 10,000 financial-services sites connected to its infrastructure.
Relegence, headquartered in New York, provides financial institutions with access to more than 12,000 sources, including news wires, Web sites, business television, regulatory data and internal research. In addition, users can filter, sort, summarize, and monitor content using customized criteria on FirstTrack.
M&G Investment Management Limited, the fund manager arm of U.K. insurance company, Prudential Group, will implement StreetReference from New York City-based Financial Technologies International. M&G will use the solution to support its data-mart construction for all fixed-income instruments and trading activities.
StreetReference will operate as the data-integration platform for aggregating and storing data from real-time data vendor feeds or in-house applications. Once centralized, the data is normalized, consolidated and cleansed, then distributed to departments will a role in M&G's investment processes.The firm plans to add customer and counterparty to the data mart at a later time.
The Yorkshire Building Society, a U.K. institution with more than 14 billion pounds in assets under management, has looked to SunGard Trading and Risk Systems for valuation and pricing of structured-interest-rate and equity instruments. The firm will use Reech FastVal in its treasury division to offer derivatives users fair-value computation of portfolios. The solution can accommodate for a range of asset classes, such as interest-rate, credit, foreign-exchange, and inflation-linked products. It uses Reech's proprietary models and independent market data to make its calculations.
In addition, Yorkshire has licensed a proprietary language to describe financial products in plain English called Reech Automatic Derivatives Pricer (ADEP). ADEP also provides the value and risk-management parameters for the firm.The firm has used SunGard's BancWare Convergence product since 2000 for asset and liability management.