CMS BondEdge and Advent Announce Business Partnership; Will Offer BondEdge Reports for Advent Clients.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 9, 2002 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, an operating division of Interactive Data Corporation (Nasdaq: IDCO) and a leading provider of fixed income portfolio analytics, and 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 ) today announce that the two firms will be partnering to offer a selection of portfolio analytical reports from BondEdge to Advent's clients. Through this alliance, Advent clients subscribing to these reports via Axys, Advent's portfolio accounting and reporting solution, can transfer their portfolio holdings to CMS BondEdge using both the Internet and FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to (File Transfer Protocol A communications protocol used to transmit files without loss of data. A file transfer protocol can handle all types of files including binary files and ASCII text files. See Kermit, Zmodem and FTP. ). CMS BondEdge models the portfolios and makes the reports available to Advent clients on a secured website. The reports are designed for and available to Advent clients managing limited fixed income assets who wish to take advantage of some of the analytical reporting capabilities offered in BondEdge, such as option-adjusted risk measures, portfolio vs. benchmark comparisons and total return simulations. "We're pleased to be offering this service to our clients, and are confident that the level of analytics offered by BondEdge will add tremendous value to our clients," said Peter Caswell, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advent. "In today's competitive environment, providing a variety of high-quality tools for our clients to differentiate their business is our top priority." Laurie Adami, president of CMS BondEdge comments, "We are delighted to be partnering with such a well-respected and highly successful organization. Our business alliance with Advent is part of an ongoing commitment to provide high-end, easy-to-use analytics to an expanded cross-section of the fixed income community. Leveraging Internet technology has been a critical factor in making this venture possible." About CMS BondEdge: For over 20 years, CMS BondEdge has been recognized as a leader in fixed income analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. . Long known for the BondEdge system, CMS BondEdge is trusted as an independent source of research, analytics and valuation tools by over 550 institutions in the U.S. and Canada. CMS BondEdge is an affiliate of FT Interactive Data and division of Interactive Data Corporation (Nasdaq:IDCO), a leading global provider of financial and business information to institutional and individual investors. More information on CMS BondEdge is available at www.cmsbondedge.com. Corporate information on Interactive Data Corporation is available at www.interactivedatacorp.com. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion