SunGard Expands Partnership with Markit, Targeting Fixed Income Data

SunGard’s Pricing and Data Service helps provide third-party administrators and asset managers with a scalable price validation solution.

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.

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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.

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The new service will also cover Markit’s multi-asset suite, which includes municipal bonds, corporate, and sovereign bonds, securitized products, bank loans and credit default swaps.

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.

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