Advent Software And FT Interactive Data Announce Strategic Technology Alliance.Business Editors SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden & BEDFORD, Mass.--(BUSINESS WIRE)--April 16, 2002 Advent Software Advent Software (NASDAQ: ADVS) makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisors to large institutional investors and hedge funds. , Inc. (Nasdaq: ADVS ADVS Automatisiertes Datenverarbeitungssystem ADVS Assistant Director Veterinary Service ), a premier provider of software, data and services for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, and FT Interactive Data, the major operating division of Interactive Data Corporation (Nasdaq: IDCO), and a leading supplier of financial information to global markets, today announced that FT Interactive Data will fully integrate its real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. offering into the Advent Office(TM) platform, adding robust data functionality for Advent clients. FT Interactive Data is now an Advent Technology Platform Partner. In this strategic role, the company expands its existing relationship with Advent to provide fast, reliable real-time data from markets across the globe as well as news and related information to interface directly with Advent's portfolio and trade order management systems, and Advent's "MyAdvent(TM)" desktop integration application. With this functionality, Advent clients are able to obtain quotes and news within their MyAdvent application for individual securities, portfolios or watch lists. "Integrating real-time market data within our applications is a critical component of our strategy, and these initiatives will offer powerful, convenient and flexible access within MyAdvent, Moxy(R) and Advent Office(TM) components," said Robert K. Huebscher, vice president of Advent Market Data. "We have a great track record of success with FT Interactive Data's end-of-day service, and are happy to extend our relationship with them in this new agreement. Their commitment to their real-time services and their state-of-the-art technology and delivery platform made choosing FT Interactive Data the right decision for us." "This is the latest enhancement to an already successful 17-year relationship with Advent that will now include FT Interactive Data's real-time data content. As an Advent Technology Platform Partner, we're able to provide portfolio managers with a seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of real-time data within the Advent Office(TM) platform," said Cort Williams, FT Interactive Data's vice president of corporate development. "Working in partnership with Advent, we're bringing the Advent customer base market data consistency Data consistency summarizes the validity, accuracy, usability and integrity of related data between applications and across the IT enterprise. This ensures that each user observes a consistent view of the data, including visible changes made by the user's own transactions and from the front- to back-office by combining both real-time and end-of-day content." About Advent Advent Software, Inc. has been providing trusted solutions to the world's leading professional money managers since 1983. Firms in 45 countries use Advent technology to manage investments totaling more than US $8 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. . Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the NASDAQ National Market under the symbol ADVS. About FT Interactive Data FT Interactive Data is a leading provider of financial information and analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. to global markets. FT Interactive Data supplies global securities pricing, dividend, corporate action and descriptive information for more than 3.5 million securities, including over 2.5 million active fixed income issues. The company also provides index and constituent data to the international investment community. Through affiliate CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. BondEdge, the company is a recognized leader in fixed income portfolio analytical software, independent research and valuation tools. FT Interactive Data is the major operating division of Interactive Data Corporation (Nasdaq: IDCO), a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts Bedford is a town in Middlesex County, Massachusetts, United States. It is within the Greater Boston area, some 15 miles north-west of the city of Boston. The population of Bedford was 12,595 at the 2000 census. , Interactive Data Corporation has approximately 1,600 employees in offices throughout the world. To learn more, visit us at www.FTInteractiveData.com. Interactive Data Corporation is approximately 60 percent owned by Pearson plc and included within its Financial Times Group. Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business. Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing. |
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