FT Interactive Data's Fair Value Information Service is designed to provide a tool that can assist U.S. mutual fund companies in meeting their legal fair value obligations, while also reassuring investors their mutual fund company is doing everything possible to safeguard shareholder interests. One of the industry's most trusted multi-currency investment accounting and reporting solutions, INVEST ONE is an accounting general ledger and reporting system used by asset managers and third party fund administrators the world over. Available on an installed or hosted basis, INVEST ONE helps customers to gain processing efficiencies while eliminating the costs, complexity, and risks associated with error-prone manual accounting and reporting methods.
"Our Fair Value Information Service reflects more than 30 years of experience in market data evaluations. We are pleased to extend our relationship with SunGard to offer this service to our mutual customers," said Ray D'Arcy, president of Data Delivery Products, FT Interactive Data.
"INVEST ONE's ongoing success is directly related to our core business strategy of continuously monitoring the industry and enhancing our product in collaboration with our valued customers," said Doug Morgan, president of SunGard Investment Management Systems. "We helped FT Interactive Data develop this interface to its Fair Value Information Service tools to address the increasing challenges facing our mutual fund customers."