StatPro Inc., a leading independent provider of intra day and end of day global fixed income evaluations and equity pricing is pleased to announce the availability of its Secondary Source or âS2â service. S2 provides global fixed income evaluations that will assist the mutual fund community, custodians and asset managers in meeting the ever increasing regulatory pressure of evaluation transparency.
StatProâs global fixed income evaluations and equity pricing deliver end-of-day and intra-day snapshots of data from markets around the world, enabling asset managers to value diverse portfolios and drive their back office operations. The S2 service provides additional functionality to StatProâs already robust evaluated pricing service, and acts as an additional source of global fixed income evaluations so that asset managers can compare evaluations from StatPro to other vendors. S2 works as a stand-alone solution or as a complementary service, providing clients insurance in the case of delayed or undeliverable service from their primary vendor.
The service offers multiple delivery options including FTP, email or Web-based access. It can be delivered on an ongoing basis, in the mission-critical mutual fund reporting timeframe, or as a one-time delivery for December 31st or other key valuations dates.
âWe are aware of the mounting regulatory pressure to provide valuation transparency and recognize that it is not a trivial undertaking to incorporate quality data into an existing IT infrastructure to meet these new requirements,â said Mark Bramley CEO of StatPro North America. âS2 provides accurate evaluations and timely delivery to ease the burden of implementing new data for many firms, especially those that are entering year-end system freezes.â