Thomson Reuters Links Portfolio Management and Reference Data Systems

PORTIA, Thomson Reuters' investment accounting system, has been linked to DataScope Select, the company's global pricing and security reference data.

The linking of PORTIA and DataScope Select allows Thomson Reuters clients to use DataScope Select's pricing and reference data for portfolio management and valuation as well as investment accounting. The new link allows clients to add DataScope Select security data directly into PORTIA's investment accounting platform, according to Thomson Reuters.

The combination of PORTIA and DataScope will benefit firms in the middle to back office, according to the vendor. Accessing DataScope Select through PORTIA provides benefits to financial market participants that are required to meet the toughest requirements for portfolio valuations and reporting, fund performance measurement and analysis, and regulatory and compliance reporting.

"In today's market climate of heightened risk and regulatory pressures, staying competitive requires enterprises to pay closer attention to the middle and back office," said Jon Robson, President of Enterprise, Thomson Reuters, in a statement. "The linking of PORTIA and DataScope is a leading example of taking the best of both companies' assets to deliver leading data to achieve operational efficiencies in valuation, client reporting and portfolio management."

PORTIA provides comprehensive portfolio accounting management capabilities for asset managers worldwide. DataScope provides global pricing and security reference data including corporate actions for portfolio management, administration and valuation. DataScope covers the spectrum of data from the global exchanges, as well as foreign exchange, fixed income and derivative pricing. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio