SunGard says it has added an interface to the FT Interactive Data securities database to its AddVantage securities processing application. The interface is designed to help mutual fund customers facilitate the set up of equity and fixed income security master information provided by FT Iinteractive from within the AddVantage system.
SunGard’s AddVantage interface, in conjunction with FT Interactive Data’s XML Market Information Query Response System, aims to automate the set-up process of asset or security information. Customers can access FT Interactive Data’s security master data directly from AddVantage via an Internet connection to FT Interactive Data’s XML Market Information Query Response System – which FT Interactive describes as a more flexible delivery method for North American security master information.
Accessing security master data in this fashion is seamless for AddVantage customers, claims SunGard, and requires no additional steps for them to receive the data.
“We are pleased to work with SunGard to create a new service delivery mechanism utilizing Web-based technology and industry standard protocols to help our mutual customers improve their workflow,” says Ray D’Arcy, president of Sales, Marketing and Institutional Business Development for Interactive Data. “Our security master data reflects more than 30 years of experience in market data collection and validation and this new capability helps make it easier for customers to access this rich data resource.”
“The ongoing success of AddVantage is the result of continuous enhancements designed to help customers gain efficiencies and reduce errors,” adds Niraj Gilja, president of SunGard’s AddVantage business unit. “The interface with FT Interactive Data will help AddVantage customers to streamline their processing by retrieving security master information from within the AddVantage system.”