Reuters DataScope and LatentZero Join Forces for Portfolio and Risk Management Solutions
New York, (Business Wire) 5th July 2005 - Reuters (LSE: RTR, Nasdaq: RTRSY), the global information company, today announced an alliance between Reuters DataScope, its complete reference and historical data solution, and LatentZero.
LatentZero, a global technology firm that specializes in front-office solutions for the buy-side, will offer its asset management customers the ability to utilize Reuters DataScope pricing and terms and conditions data in its Capstone suite of portfolio modeling, order management and compliance management systems.
Gerry Gualtieri, Global Sales Director at LatentZero, said: "Our clients will find that the tightly integrated solution between the LatentZero Capstone suite and the Reuters DataScope product will maximize their ability to quickly leverage the comprehensive Reuters data within Capstone. Additionally, this tight integration will help to reduce time and costs associated with its implementation."
Caroline O'Shaughnessy, Head of Third Party Alliances at Reuters DataScope, said: "The integration between the Latent Zero Capstone suite and Reuters DataScope delivers a true 'out of the box' solution to the asset management community. The integrity offered by such a close integration brings substantial rewards in terms of automation, cost savings and time to market. The unrivalled cross-asset breadth and quality of reference data found within Reuters DataScope is a natural match to the needs of the front office."
Latent Zero, whose client base includes large to mid-size asset management houses, is initially using Reuters DataScope's quality terms and conditions and daily pricing data, and will add other content sets such as corporate actions and historical pricing in the future.
About Reuters DataScope
Reuters DataScope is a total solution for historical and reference data needs. It offers comprehensive and accurate equities, fixed income, money markets, and futures data with a choice of delivery options from web-based to an on-site relational database. Reuters DataScope offers equity end of day prices and corporate actions from more than 180 exchanges; and spot rates on 175 currencies, cross and forward rates, futures and options. Reuters DataScope includes unrivalled global bond coverage from Reuters and quality US taxable fixed-income security coverage from the EJV database, resulting from the partnership of the world's top brokers/dealers. Reuters recently added enhanced convertible bond data with an exclusive agreement between Reuters and MACE Advisers, which offers unsurpassed knowledge of convertible bonds. Reuters DataScope includes cross-referencing for front to back-office integration; global terms and conditions and unlimited open access for flexible use with other data sources.
LatentZero's Capstone suite of products is used by six of the world's top 10 asset management organizations. More than 3,500 portfolio managers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $7.5 trillion.
Capstone is comprised of three products which can be implemented either separately or together as a complete solution. The Capstone components are: Tesseract, a decision support and for portfolio modeling and order generation application; Minerva for order management and trading; and Sentinel for pre and post trade compliance management