Lynx Wealth Management Systems enters into a Global Deal with FT Interactive Data

Lynx Wealth Management Systems, the leading supplier of wealth management systems to the financial services industry, has entered into a strategic global agreement with FT Interactive Data, the major operating division of Interactive Data Corporation (NYSE: IDC) and a leading supplier of financial information and analytical software to global markets, to offer mission-critical securities and corporate action data to new and existing customers using Lynx’s 4Series product suite.

Through the new relationship, Lynx customers are able to interface directly with FT Interactive Data’s products and gain access to reliable information on more than 3.5 million securities from both developed and emerging markets, including pricing information, income data, capital event data and descriptive data. Also available are daily evaluations for fixed income securities through FT Interactive Data’s comprehensive bond evaluations service.

Fully coded and checked corporate action data, consolidated by FT Interactive Data from hundreds of sources around the world to provide a single service covering multiple markets and instrument types, is now also within reach of Lynx 4Series customers. The data is sourced directly from stock exchanges and other authoritative sources around the world and communicated swiftly, following thorough validation and verification. Accordingly, customers can track and process mandatory and optional events quickly and easily, including capital change events, income payments, mergers and acquisitions, security master data and underlying linkages.

The agreement is part of Lynx’s commitment to provide best-of-breed solutions that complement and add value to its growing 4Series software portfolio. “We’re well aware that our customers’ need for efficiency and accuracy is greater than ever before,” explains John Mosedale, Managing Director for Lynx Wealth Management Systems.

“Traditionally, managing securities data and corporate actions have been manually intensive processes - time consuming, with the potential for error and inaccuracy. Efficient automation demands the timely availability of reliable information from a trusted, well-respected source, and our relationship with FT Interactive Data will enable us to offer exactly that.”

Graham Parry, director of the European Business Development Group for FT Interactive Data, added: “When customers are looking to purchase a software solution, they don’t always realise up front that they need to buy the data separately. This can lead to many difficulties in the months that follow when attempting to source a quality financial data provider that has an interface compatible with the newly installed software system.

“Our agreement with Lynx enables us to make the data purchase process more simple and transparent for Lynx Wealth Management Systems customers, and to deliver high quality data they can use with confidence.”

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