Netik and Advent have invested in an adapter, available âoff-the-shelfâ, to combine the two products. The new GenevaÂ® / Netik GSM Adapter solution will be licensed to users through Netik and will be maintained by both companies.
GenevaÂ® / Netik GSM Adapter significantly enhances the delivery of reference and market data for downstream distribution and full integration with consuming applications. The combined solution provides hedge funds, prime brokers and fund administrators with a best-of-breed solution for reference and market data.
Todd Gottula, Senior Vice President and Co-Head of Global Accounts for Advent, said âGenevaÂ® has delivered world class accounting and transaction processing to the market for more than a decade. Now, with a fully managed service solution for reference and market data provided by Netik GSM, new prospects and existing customers have access to a single source of the highest quality reference and market data.â
John Wise, Chief Executive Officer of Netik, stated: âMany of the leading fund administrators and prime brokers already use Advent and Netik. Today, through this alliance with Advent, we are making Netik GSM readily available to the hedge fund market. Getting reference and market data correct is key to any GenevaÂ® implementation and indeed any solution for hedge funds, and with over two decades of proven experience, Netik GSM is ideally positioned to deliver this. Hedge funds can quickly and easily select their universe from the Netik GSM utility, enabling Netik GSM to be implemented within days.
Wise continues: âOur combined offering provides customers with a truly end-to-end solution for reference and market data.â