Apex adopts Bloomberg data solutions 22 June 2023India Reporter: Lucy Carter
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Apex Group has chosen Bloomberg to provide global market data and a multi-currency reporting benchmark.
Adopted primarily for its fund administration business, Bloomberg’s data license solution will provide Apex with standardised reference, pricing and corporate actions data for equities and fixed income, which can be integrated into the firm’s existing workflows.
The solution simplifies and supports pre-trade compliance, and enables independent calculation of net asset values — a regulatory requirement in most markets. It will be used across the firm, ensuring that all those across the group have access to the same data.
Bloomberg’s BFIX benchmark for multi-currency portfolio reporting covers global currencies and a range of FX instruments.
Jeff Pamplin, global head of operations and group executive committee member at Apex, says: “We chose Bloomberg’s Enterprise Data solutions because they offer reliability, a global presence, and adaptability, allowing us to address our clients’ evolving needs at every stage of their business journey. By adopting Bloomberg’s solutions, we ensure that our entire company can efficiently access reliable, strong, and high quality data.”
Rajiv Mirwani, head of enterprise sales for South Asia at Bloomberg, comments: “Doing business in a complex global marketplace and complying with various local regulations require firms to have access to efficient systems and workflows. Adopting Bloomberg’s Enterprise Data solutions will significantly streamline and standardise Apex Group’s post-trade corporate actions process.”
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