REUTERS DATASCOPE STRIKES A STRATEGIC ALLIANCE WITH ASSET CONTROL

Global information company Reuters (LSE: RTR) has entered into a strategic alliance with Asset Control, a leading provider of investment data integration solutions to the financial industry. The two firms will integrate their products, enabling users to rapidly implement the entire range of Reuters DataScope products in Asset Control's data management solutions. Reuters DataScope is a total solution for pricing, historical and reference data needs.

Technology is in place to deploy Reuters DataScope's equity, fixed income and corporate actions data throughout Asset Control's solution set. The deal strengthens the position of Reuters DataScope as a primary data source, offering its customers complete solutions to manage and distribute Reuters data to a department or throughout the enterprise - from automatic corporate action management to synchronising pricing and reference data across the whole company.

Todd McGee, Vice President of third party alliances at Reuters DataScope comments: "By combining Reuters proprietary security identification and reference data and Asset Control's ability to match identifiers with other coding systems, our integrated solution enables information to travel seamlessly between trading floors and back offices. The value of this kind of transparency is clear when it is part of a system that can distribute it to every corner of an organisation."

"With Asset Control, the sourcing, storage and manipulation of reference data can be centralised - creating a company-wide standard for all data instantly. Instead of being hindered by the costly inefficiencies of different data types in different systems, companies can create one unified environment supporting the entire transaction flow and asset management realm."

Ken Payne, director of sales and marketing at Asset Control, comments: "Together, Reuters and Asset Control can provide complete solutions that offer our customers total confidence in their data management decisions. By pre-integrating Reuters data into our platform, we reduce implementation time and expense, while providing a robust and scalable platform to consolidate data silos and brings an end to expensive integration projects and failed transactions. Combining Reuters DataScope data with Asset Control's systems enables users to slash costs by dramatically increasing the reliability and the efficiency of their investment data processing."

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