SunGard Investment Management Systems, an operating group of SunGard; and FT Interactive Data, the major operating subsidiary of Interactive Data Corporation, today announced that SunGard's INVEST ONE, a leading investment accounting solution, now offers an interface to FT Interactive Data's Fair Value Information Service. The Fair Value Information Service will help INVEST ONE to support the fair valuation requirements of many of its mutual fund customers.
FT Interactive Data's Fair Value Information Service is designed to provide a tool that can assist US mutual fund companies in meeting their legal fair value obligations, while also reassuring investors their mutual fund company is doing everything possible to safeguard shareholder interests.
One of the industry's most trusted multi-currency investment accounting and reporting solutions, INVEST ONE is an accounting general ledger and reporting system used by asset managers and third-party fund administrators the world over. Available on an installed or hosted basis, INVEST ONE helps customers to gain processing efficiencies while eliminating the costs, complexity and risks associated with error-prone manual accounting and reporting methods.
"Our Fair Value Information Service reflects more than 30 years of experience in market data evaluations. We are pleased to extend our relationship with SunGard to offer this service to our mutual customers," said Ray D'Arcy, president of Data Delivery Products, FT Interactive Data.
"INVEST ONE's ongoing success is directly related to our core business strategy of continuously monitoring the industry and enhancing our product in collaboration with our valued customers," said Doug Morgan, president of SunGard Investment Management Systems. "We worked with FT Interactive Data to develop this interface to its Fair Value Information Service tools to address the increasing challenges facing our mutual fund customers."
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FT Interactive Data is a leading provider of financial information and analytical software to global markets. FT Interactive Data supplies global securities pricing, evaluations, dividend, corporate action and descriptive information designed to support mutual funds' pricing activities, securities operations, research and portfolio management. The company collects, edits, maintains and delivers data on more than 3.5 million securities, including daily evaluations for more than 2.5 million fixed income issues.
FT Interactive Data is the major operating subsidiary of Interactive Data Corporation (NYSE: IDC), a leading global provider of financial and business information to institutional and individual investors.
To learn more, visit us at www.FTInteractiveData.com. Interactive Data Corporation is approximately 60% owned by Pearson plc and included within its Financial Times Group.
SunGard Investment Management Systems
SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management industry for trading, portfolio management, compliance, investment accounting, private banking, and performance measurement and attribution applications. These products support comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard solutions support the complex needs of many of the largest financial service firms in the world representing in aggregate over $11 trillion in assets processed daily by these solutions. Visit www.sungard.com.
SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20 000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.