Thomson Financial to Offer Outsourced Hosting of PORTIA.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Oct. 1, 2001 Through New Partnership With Asset Management Technology Solutions, Money Managers Can Now Outsource A Full Range Of Services For Products From Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Thomson Financial today announced a new, fully outsourced delivery option for software and business processing from its Portfolio Solutions Group, the result of a partnership arrangement it forged with Asset Management Technology Solutions, Inc. (AMTS AMTS Automated Maritime Telecommunications System AMTS Advanced Manufacturing Technology Strategy AMTS Abbreviated Mental Test Score AMTS Ahmedabad Municipal Transport Service AMTS Ahmedabad Municipal Transport Service (India) ), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason , Inc., 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. company headquartered in Baltimore, MD. Specifically, money management firms in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with a preference for outsourcing some or all of their investment technology and operations infrastructure, will contract with AMTS for application hosting and business process services. AMTS already has extensive experience hosting PORTIA, Thomson Financial's flagship portfolio management system. Portfolio managers, traders, operations personnel and technologists at investment and financial firms worldwide leverage the market leading systems, services and content from Thomson Financial. These solutions, each recognized by clients for their contribution to top line growth and reduction in operating costs operating costs npl → gastos mpl operacionales , include PORTIA, for portfolio analysis and management; Thomson OpenTrader for equity order management and execution workflow; Oneva Trade FI, a fixed income order management system; and PERAscope, for performance measurement and attribution at·tri·bu·tion n. 1. The act of attributing, especially the act of establishing a particular person as the creator of a work of art. 2. analysis. "We're thrilled to announce this partnership with AMTS, because they already have a successful technical and operations track record in managing a state-of-the-art investment management support business. Their in-depth understanding of global investment management systems and workflow processes and many years of experience operating PORTIA means that our clients and prospects will have a very viable outsourcing alternative," said Thomson Financial's Portfolio Solutions Group Senior Vice President of Global Product Strategy and Operations, Jody Morse. AMTS provides various levels of services to nine asset managers, six of which already use Thomson Financial software. "We have a long-standing customer relationship with AMTS and have the highest regard for their management. Through this partnership, we can offer our clients flexibility in their choice of software and services to meet both short and long term needs," said Morse. Firms electing to outsource would license the software (e.g., PORTIA) from Thomson Financial, and then choose from a menu of AMTS services, such as facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , application hosting, database maintenance, data feed management, security master file updating and reconcilations to custodial banks. While firms contract directly with AMTS for outsourced services, Thomson Financial manages the joint client relationships through its Relationship Management and Customer Care organizations. "We have been hosting PORTIA for many years, and built all of our applications around it," said Asset Management Technology Solutions Vice President and Director of Operations, Nancy McColgan. "As such, we offer a suite of products and services that truly complement the software." In addition to providing systems/business integration, workflow analysis and customized interfaces, McColgan explained that firms can also benefit from proprietary products AMTS has developed such as Portfolio Management Inquiry, an application conceived by portfolio managers that presents PORTIA data in a screen grid format appealing to portfolio managers. Thomson Financial cites several reasons for asset managers embracing outsourcing, including escalating costs to meet T+1 (same day settlement), pressures to remain competitive by lowering operational expenses, additional processing and technology costs tied to supporting global investment products, and overall changing attitudes toward outsourcing, particularly as firms fully appreciate their core strengths and added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Transaction processing systems are the backbone of an organization because they update constantly. and accounting. Brokers and fund managers rely on Thomson Financial as their trusted institutional source for real-time quality content, advanced technology and applied intelligence. By providing the deepest breadth of complete, modular, interoperable The ability for one system to communicate or work with another. See interoperability. and best-of-breed offerings available, clients benefit from solutions built for the way they do business. Through its Portfolio Solutions Group, Thomson Financial meets the evolving business goals of the world's most sophisticated money managers with integrated, global investment management systems technology and services that define new standards for excellence, automation and e-information solutions. The Portfolio Solutions Group serves more than 500 money managers in 40 countries, managing nearly US$4 trillion in assets. For more information, visit www.TF-PortfolioSolutions.net. About Thomson Financial Thomson Financial is a US$2 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TOC), a leading, global e-information and solutions company with annual revenues of more than US$6.0 billion. The Corporation's common shares are listed on the Toronto and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . For more information, visit Thomson Financial's Web site at www.ThomsonFinancial.com. |
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