Thomson Reuters and Black Mountain Systems Team Up to Boost Data Quality and Operational Efficiency for Institutional Investors

London and New York - 7 November 2011

Thomson Reuters and Black Mountain Systems, the financial software development solutions provider for credit investment managers, today announced a strategic alliance that will enhance the level of loan data available to institutional investors. Customers of Everest, Black Mountain’s portfolio management, credit research, trade order management and compliance system will now have access to request-based content from Thomson Reuters DataScope Select, a strategic data delivery platform that delivers global, cross asset non streaming content.

The ability to access Thomson Reuters pricing and reference data will allow Everest customers to improve accurate decision making and productivity, while increasing portfolio management and reporting efficiency. Everest users will now be able to access data on demand, tailoring usage to meet their needs, a capability that will enable them to streamline operations and costs while providing them with the necessary transparency around data usage both in volume and asset class.

Andy Horwitz, managing partner at Black Mountain Systems says: “We are delighted to join forces with Thomson Reuters to continue to meet our client’s data requirements. Our partnership with Thomson Reuters will ensure customers continue to have the right credit analysis tools at hand as well as direct access to data of the highest quality and the flexibility and coverage they require across asset classes. Being able to load their chosen data fields into Everest via a single step will also enable them to streamline their operations further.”

Gerry Buggy, global head of Enterprise Content at Thomson Reuters, said: “Institutional investors need the certainty that their decisions stem and are based from the highest possible levels of data quality to ensure effective decision making, portfolio management and risk reduction. The integration of our non-streaming content into Everest will provide customers with this certainty by ensuring their middle and back office applications as well as their compliance systems rely on an unrivalled level of depth and breadth of content.”

The integration of Thomson Reuters DataScope Select into Everest will enable customers to request data for over 2.5 million over-the-counter (OTC) fixed-income and derivative instruments, including structured / securitized products, corporate and government securities, U.S. municipals, convertible bonds, loans, and derivative products.

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