SunGard boosts data offering

SunGard has announced the expansion of its Pricing and Data Services solution to include the entirety of Markit’s fixed income pricing data. This continues its more than three-year relationship with Markit, SunGard adds

Pricing and Data Services provides third-party administrators and asset managers with a customised and scalable price validation solution that gives clients the freedom to focus on valued added practices such as oversight analysis rather than data scrubbing. It also helps customers improve operational efficiency, mitigate financial and reputational risk, increase ROI (return on investment) and reduce costs.

SunGard says that Pricing and Data Services previously included Markit’s iBoxx index data. With the addition of Markit’s entire universe of fixed income pricing data, SunGard says its customers will now have access to the widest breadth of high quality, validated data available from SunGard. Markit’s daily coverage of 2.4 million instruments spans municipal bonds, corporate and sovereign bonds, securitised products, bank loans and credit default swaps, says SunGard.