State Street partners with FactSet for data services
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State Street partners with FactSet for data services 07 July 2022US Reporter: Jenna Lomax
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State Street has partnered with FactSet to streamline data flows across the front, middle and back-office through State Street's Alpha Data Platform.
The collaboration aims to provide common clients with improved services, ranging from client portals for equity, fixed income and multi-asset strategies through to custody services.
FactSet’s performance attribution, risk and reporting capabilities will work alongside portfolio analytics from FactSet that are integrated into the State Street Alpha Data Platform.
In addition, portfolios in FactSet will update intra-day as trades are executed and allocated in State Street’s Charles River, while proposed trades in FactSet transfer to Charles River for compliance and order management.
Commenting on the partnership, Phil Snow, CEO of FactSet, says: “Our clients consistently tell us that they are forging deeper, more strategic relationships with fewer partners and they expect their resulting partners to increasingly collaborate to better support them. This partnership exemplifies that concept, and I am thrilled that we are bringing our teams together to put clients first.”
John Plansky, head of State Street Alpha, comments: “Data is at the heart of our Alpha strategy, and we remain committed to providing the leading data platform to the investment management industry to provide clients easy access to aggregated data, analytics and real-time insights. This partnership furthers our Alpha strategy by now enabling Alpha clients to create and analyse portfolios using FactSet.”
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