ULTUMUS and Alveo join forces for data services solution
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ULTUMUS and Alveo join forces for data services solution 06 July 2021UK Reporter: Maddie Saghir
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Exchange-traded fund (ETF) specialist ULTUMUS has partnered with Alveo, a provider in market data integration and analytics solutions for financial services.
The partnership will see ULTUMUS bring together its global ETF and index managed data service with Alveo’s data mastering solution Prime.
Alveo’s customers will be able integrate index and ETF information more quickly, while allowing ULTUMUS’ clients to enhance their data mastering and data integration capabilities.
ULTUMUS specialisation is to capture, normalise, enrich and distribute global ETF and index composition data, reducing risk and providing solutions to both sell side and buy side.
Meanwhile, Alveo focuses on the integration of market and reference data from different sources covering all asset classes, including pricing information, referential information, issuer and corporate actions data.
Alveo’s data mastering and data quality solution tracks the collection, integration and quality-vetting of a diverse set of content providers.
Mark Hepsworth, CEO Alveo, states: “Investment management is becoming increasingly data intensive and we face demands from our clients to help them quickly onboard additional data sets. Index and ETF data is a key data category for them.”
“We are pleased to work together with ULTUMUS to provide integration to our customer base with high-quality and detailed index and ETF information,” says Hepsworth.
Bernie Thurston, CEO, ULTUMUS, comments: “We are pleased to work together with the Alveo team. Reliable and scalable data integration with clear lineage has rapidly become a must-have in investment management. Alveo’s strength in data mastering and integration complements ULTUMUS’s managed data service.”
In April, ULTUMUS hired Jane Lemmon as global sales director with responsibility for accelerating sales growth in key strategic markets across the full range of ULTUMUS’ ETF and index managed data solutions.
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