Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Pirum to feed data to SunGard
Technology news

Pirum to feed data to SunGard


13 May 2014 London
Reporter: Mark Dugdale

Generic business image for news article
Image: Shutterstock
SunGard and Pirum have joined forces to allow mutual clients to deliver their data straight to Astec Analytics via Pirum technology.

The interface, which is available immediately, has been developed in response to constrained information technology budgets dampening securities finance participants’ ability to receive useful data quickly.

It will be available to all Astec Analytics and Pirum clients.

“This initiative allows market participants to utilise existing technology for free whilst enjoying the advantages enjoyed by many Astec Analytics clients as the intra-day data market has developed over the last two years,” commented a source.

Pirum clients’ data will transmitted to Astec Analytics intra-day. Users will benefit from “clean, high quality and accurately matched trade data without any additional development effort or cost on their behalf”, added the source.

Intra-day and end-of-day trade data can be delivered in this way, bringing down the technical and expense barriers to entry for any mutual client wanting to join the Astec Analytics service.

“Clients already signed up will provide a significant boost to the European intra-day data that has already been uniquely provided to the market by Astec Analytics for more than a year and the US data for more than two years. This will build further upon the experience and knowledge built up by Astec Analytics in the intraday data space,” concluded the source.

SunGard has confirmed that the Pirum/Astec Analytics interface will be demonstrated at the International Securities Lending Association Securities Finance and Collateral Management Conference in Berlin in June.

Last year, SunGard began streaming securities lending transactions data from around the world 24-hours a day and in real time through its Astec Analytics service.

Astec Analytics currently monitors more than 1.3 million securities lending transactions at 75 financial institutions and tracks more than 33,000 unique securities on loan on average daily.
← Previous technology article

ConvergEx to use Liquid platform
Next technology article →

Swiss bank chooses SIX
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →