Prime Source Selects Asset Control for Data Management of Valuation Service

2 December 2008

Prime Source, a NYSE Euronext company, has chosen Asset Control's AC Plus financial and reference data management software to support the growing data needs of its independent valuation service. Prime Source will use AC Plus to bring its data management to a state-of-the-art level for the management of financial data sources and customers' portfolios.

Launched in February 2008, Prime Source provides financial institutions with a comprehensive portfolio valuation service covering a wide range of asset classes and financial instruments, from plain vanilla to the most complex structured products and illiquid securities.

Marie-Hélène Crétu, CEO of Prime Source , said, "As our customers expand into new markets and geographies to trade a growing list of complex financial instruments, we must ensure that the way we handle our multiple data sources is the most efficient. In this matter, Asset Control's AC Plus will allow Prime Source to stay ahead of the industry's trends by ensuring reliability and transparency in the data management and quality in the audit trail."

Phil Lynch, Asset Control's president and chief executive officer, said, "Asset Control has helped numerous global organizations to manage the increasing collection of data required to grow their businesses, and we are pleased to help Prime Source better manage and deploy data as the service evolves."

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