Quantcast

Bloomberg & Information Mosaic Partner on Corporate Actions

December 7, 2010

NEW YORK and LONDON, Dec. 7, 2010 /PRNewswire/ — Bloomberg Data Solutions and Information Mosaic executives today announced a strategic partnership to provide a new service that will streamline corporate actions processing and reduce operational risks and costs.

For the first time, financial institutions will be able to use the same Bloomberg corporate actions data for investment decisions in the front-office, as well as in the middle- and back-office. Under the partnership, Bloomberg’s Corporate Actions Data License will be fully integrated with Information Mosaic’s enterprise solution IMActions, giving financial institutions an automated and streamlined system for straight-through-processing (STP) of corporate actions. The new solution includes Bloomberg data feeds and is the first that will integrate the new ISO 15022 messaging format, removing the need for bespoke integration work. By automatically feeding Bloomberg data into Information Mosaic’s down-stream processing solution IMActions, the joint-service reduces operational risks and inefficiencies in post-trade processing.

“Corporate action processing is becoming increasingly complex, but this solution will reduce errors and enable a more accurate and simplified post-trade processing,” said Andrea Danese, Bloomberg’s Global Head of Data Solutions. “Bloomberg has the highest quality and most timely data and is available in 126 countries, providing access to more international markets than anyone else. Bloomberg’s data combined with Information Mosaic’s software creates the best possible solution available in the industry today.”

John Byrne, CEO at Information Mosaic, said, “Lower fees, heightened risk sensitivity and re-invigorated regulatory scrutiny have meant buy and sell-side firms want to dramatically improve operational efficiency and mitigate risk, with corporate actions processing as a key priority. We are committed to partnering with the leading providers of corporate actions data.”

About Bloomberg

Bloomberg is the world’s most trusted source of information for financial professionals and businesses. Bloomberg combines innovative technology with unmatched analytics, data, news, and display and distribution capabilities, to deliver critical information via the Bloomberg Professional® service and multimedia platforms. Bloomberg’s media properties span television, radio, digital and print, making up one of the world’s largest news organizations with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. For more information go to www.bloomberg.com

For more information about Bloomberg’s Data Solutions, contact Ken Napolitano, Global Head of Sales, at knapolitano@bloomberg.net or +212 617 3464, or go to www.bloomberg.com/about or call Bloomberg’s 24/7 customer service at +212 318 2000.

About Information Mosaic

Information Mosaic is a trusted global provider of advanced post-trade automation solutions to the securities and investment services industry, including custody, asset servicing, private wealth management, asset management and investment banking. The company is a recognized market leader for corporate actions automation, winning multiple awards for best corporate actions solution and achieving record scores in independent benchmark tests.

Founded in 1997, Information Mosaic currently supports the post-trade operations of over 60 financial institutions worldwide. The company has a proven track record of helping financial institutions transform post-trade operations, enabling them to enter new markets, improve customer service and reduce the risk and cost associated with volume and complex processing. Information Mosaic’s breakless post-trade automation platform removes reconciliation points and therefore reduces risk and cost for all core post-trade services including corporate actions, securities settlement, trade, portfolio and cash management.

The company supports its global customer base from offices in Dublin, London, Luxembourg, New Delhi, Singapore, Melbourne and New York.

For more information visit: www.informationmosaic.com Follow us on Twitter: @infomosaic


    Media Contacts:

    Pam Snook
    +1 212 617 7652
    pamsnook@bloomberg.net

    Rod de St. Croix (UK/Europe)
    +44 (0)20 7438 1100
    Rod.destcroix@cognitomedia.com

    Nicola Garvin
    +44 (0)20 3100 3586
    informationmosaic@metia.com

    Loretta Mock
    +1 646 395 6300
    Bloomberg@cognitomedia.com

    Anne Karumo (APAC)
    +65 631 194 97
    anne.karumo@cognitomedia.com

SOURCE Information Mosaic


Source: newswire



comments powered by Disqus