SunGard Expands Partnership with Markit, Targeting Fixed Income Data

SunGard has enhanced its existing partnership with Markit (Nasdaq: MRKT), a comprehensive provider of financial information services, whereby strengthening its joint Pricing and Data Services solution, according to a Markit statement.

The new iteration of the partnership will extend the scope of the solution to include all Markit’s fixed income pricing data. Presently, SunGard’s Pricing and Data Services is part of its Investment Operations suite, which is a component of the entire investment process ranging from portfolio management to client reporting.

SunGard’s Pricing and Data Service helps provide third-party administrators and asset managers with a versatile and scalable price validation solution catering to clients who focus on valued added practices, such as oversight analysis rather than data scrubbing. The solution is also designed to streamline operational efficiency, lower financial and reputational risk, increase return of investment (ROI), and reduce costs.

The new service will also cover Markit’s Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term suite, which includes municipal bonds, corporate, and sovereign bonds, securitized products, bank loans and credit default Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term.

According to Doug Morgan, President of Institutional Asset Management within SunGard’s asset management business, in a recent statement on the continued partnership, “We are delighted to provide our customers with the full range of bond data Markit has to offer. Helping them to carry out more comprehensive validations across nine asset classes is critical to helping them operate at maximum efficiency and keep them ahead of the curve.”

“SunGard is a key consideration in our customers’ workflow, and we believe that working with SunGard to develop a custom integration strengthens our mutual customers’ ability to meet the ongoing regulatory and investment accounting requirements,” added Kiet Tran, Managing Director, Fixed Income Pricing Data, Markit, in an accompanying statement.