CGI, a provider of IT and business process services, and StatPro, a provider of portfolio analytics and data system, have announced the integration of StatPro Market Data into CGI’s StarSource managed data system.
StarSource is a component of MSuite, CGI’s wealth management system, servicing the fund administration, managed asset and high net worth investment programs of financial institutions.
Under the agreement, StatPro has become the primary supplier of pricing, corporate action and dividend information to CGI’s StarSource customers.
The service provides an independent valuation of over-the-counter assets, covering the world of fixed income, derivatives and structured products. Pricing can be provided for over one million instruments which are traded on over 210 global exchanges and over-the-counter markets.
As part of the service, StatPro provides collection, refinement and delivery of the data as well as support services to StarSource clients.
Terry Steeves, vice-president of consulting services at CGI, said: StatPro’s Data Services will complement StarSource’s benefits to create a business solution for our clients. StarSource will offer greater pricing coverage, access derivative security valuation, provide improved data quality and support and offer evaluated as well as broker-derived fixed income pricing.
Ian Swain, head of data services at StatPro, said: We conducted extensive testing to ensure StarSource’s clients enjoy enhanced data coverage and faster response to inquiries as a result of the improved local support.
In August 2008, StatPro has signed an agreement with Princeton Financial Systems to extend the range of Princeton’s offerings through its PAM for Securities product and provide a single point of service and support for a full suite of products.