Sign in Subscribe
Information technology services industry

Reuters and Princeton Financial Systems Form Strategic Alliance for Securities Portfolio Management

Strategic Insights

— 2 min read

Reuters, the global information company, and Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation, have announced a joint marketing alliance for an interface between Reuters DataScope data and Princeton Financial's PAM for Securities Portfolio Accounting and Management System. The partnership will provide PAM with an automated feed of quality-checked fixed income and equity market data for investment decision-making, trading, record-keeping, compliance, reconciliation, and settlement to accounting, performance measurement, and reporting.

The alliance marks a significant development in the expansion of the Reuters content value chain from front to back office. With over 375 leading investment managers and institutions worldwide using PAM, the partnership is expected to unlock a substantial portion of Reuters DataScope's market opportunities. Key stakeholders have expressed enthusiasm for the collaboration, with Michael Doucette, Managing Director, Strategic Solutions at PFS, highlighting the potential for future growth and collaboration between the two entities.

Key Takeaways:

  • Reuters DataScope will provide PAM customers with an automated feed of quality-checked fixed income and equity market data, enhancing their investment decision-making, trading, and record-keeping processes.
  • The partnership aims to expand the Reuters content value chain from front to back office, leveraging each company's strengths to drive business growth.
  • Over 375 leading investment managers and institutions worldwide currently utilize PAM, managing combined total assets exceeding $3 trillion USD.
  • Reuters DataScope's unrivaled independent fixed income evaluations, cross-referencing, and global terms and conditions will be integrated into the PAM system.
  • The alliance is set to unlock a substantial portion of Reuters DataScope's market opportunities, expected to be around a quarter of its total market opportunities.
  • Princeton Financial's PAM investment management systems provide comprehensive STP-ready functionality, accessible for in-house use or via the Internet.
  • Reuters and Princeton Financial have a history of successful business partnerships, with Reuters joining forces with FOW TRADEdata and Asset Control in the past year.

Statistics:

  • 375+ leading investment managers and institutions worldwide utilize PAM, managing combined total assets over $3 trillion USD.
  • Around a quarter of Reuters DataScope's market opportunities are expected to be realized through third-party alliances.
  • Reuters DataScope offers comprehensive and accurate equities, fixed income, money markets, and futures data with a choice of delivery options.
  • 180+ exchanges provide equity end of day prices and corporate actions through Reuters DataScope.
  • 175+ currencies and international content from Reuters provide unrivaled bond coverage, including US taxable fixed-income security coverage from the EJV database.
  • Over 1.2 million securities per day are individually evaluated by Reuters team of bond experts.

Sources:

  • Reuters (www.reuters.com)
  • Princeton Financial Systems (www.pfs.com)
  • Reuters DataScope press release, announcing joint marketing alliance with Princeton Financial Systems
  • Reuters Group revenues, 2004: GBP 2.9 billion
  • Reuters staff, 2004: 14,500 in 91 countries
  • Princeton Financial Systems offices: United States, Canada, United Kingdom, the Netherlands, Belgium, Australia, and Singapore

Read more