HiData comes fully integrated with DSTi's HiPortfolio back office product and provides a fast and efficient means of administering and validating market data from multiple vendors. The first user of HiData is investment house Friends Ivory & Sime (FIS), a long-term user of HiPortfolio. Debbie Sharpe of FIS was instrumental in specifying the bespoke interaction between the business and the product. She commented HiData has proven to be a sophisticated system of synchronisation between data vendors. Glen Townsend, Director of Dealing and Operations at FIS added, We've achieved excellent Straight Through Processing rates already using HiPortfolio. The quality and timeliness of data provided by HiData has contributed significantly to our success.
Information on instruments, corporate actions, prices, indices and exchange rates is received from all the leading data providers said Steve Edkins, COO of DSTi. HiData collects, cleanses and distributes the different categories of data for all types of instrument, and transmits them directly to any downstream system. Administration is immediately more effective and Straight Through Processing of transactions is more easily achieved. Ultimately, the value of systems such as HiPortfolio, HiInvest and others is dependent on the quality of data input. HiData enables the user to be confident in the quality and imeliness of such a core area as that of Market Data.