Swiss private bank Gonet&Cie has automated S&P Ratings’ updates through its enterprise data platform – managed by AIM software – by adding Xpressfeed, a powerful data feed management solution from S&P Capital IQ, a leading provider of multi-asset class research, data and analytics.
Responding to the increasing pace of ratings changes in recent years, Gonet&Cie has become the first European firm to automate S&P Ratings’ updates through Xpressfeed, which itself added the full universe of S&P’s credit ratings in June. This addition is available alongside comprehensive fundamental and qualitative data for public and private firms, as well as S&P Dow Jones Indices data and S&P Capital IQ Estimates, a standardized database of global, real-time financial forecasting measures.
"The addition of S&P Ratings content into Xpressfeed is part of a continual process to provide clients with seamless access to the useful and timely, cross asset class information that is necessary to make important financial decisions," says Roger Fahy, Senior Director of Product and Content at S&P Capital IQ.
"The latest version of Xpressfeed gives quantitative investors the opportunity to examine over 50 years of correlated fundamental and ratings data in a way that was previously impossible," adds Rui Carvalho, Managing Director at S&P Capital IQ.
AIM Software, the leading provider of data management solutions for the financial industry, provides a standard GAIN package for SunGard APSYS users – such as Gonet&Cie – aiming at increasing the efficiency of data management. Used by more than 20 APSYS users, GAIN enables firms to automate the integration of a range of data feeds and now includes a standard interface with XpressFeed.
"We have been using GAIN for many years to automate the integration of data feeds into APSYS,” says Laurent Lolies, IT Manager at Gonet&Cie. “We naturally asked if AIM Software could enable us access to XpressFeed”.
"The ability of GAIN to plug-in new data sources extremely quickly made it very easy to connect to XpressFeed, with the possibility to propagate the rating changes to APSYS as soon as it appears in the S&P database," says Christian Trnka, Product Manager at AIM Software.
"Keeping pace with ratings changes brings immediate value to institutions using APSYS: with instrument ratings and issuer ratings directly loaded into their APSYS system, investment decisions can be taken immediately. We can now provide XpressFeed connectivity to our community of APSYS customers in a record time," says Martin Buchberger, Head of Product Management at AIM Software.
"Using GAIN, our customers have the choice to import S&P’s credit ratings via the Ambit APSYS Import Interface ”Security Update“ or via SQL", adds Trnka.
"Now that the interface is live, Gonet&Cie will be able to gradually benefit from the rich data content brought over XpressFeed, as this new offering from S&P Capital IQ is extending very quickly," concludes Buchberger.