Buyside firms are increasingly abandoning legacy data systems in favour of all-in-one cloud hosting platforms. In the latest example, TT International, an investment manager specialising in long-only and alternative strategies, has tapped Finbourne for its LUSID platform and EDM+ product to manage its data ecosystem.
TT International has discretionary assets under management (AUM) of more than US$5 billion and covers global equities, fixed income, and multi-asset strategies.
Finbourne’s SaaS solution provides one source of real-time aggregated investment data available across the firm.
Built on Amazon Web Services, using an open application programming interface, TT International will employ LUSID to aggregate and translate market, reference and investment data sets (including portfolio holdings and transactions), from multiple systems into one, real-time standardised form.
Finbourne claims the resulting data integration will enable better investment decisions for TT International. The firm’s competitors include the likes of Aladdin, Broadridge and FIS.
A Finbourne spokesperson told GT that the partnership will help TT International streamline its data management, which frees up resources for more effective investment decision making.
“Data within buy-side firms can often be hard to utilise, requiring investment managers to patch together disparate solutions with siloed data sets. By integrating Finbourne’s software, TT International can transform its data into a core operational asset at a manageable cost,” the spokesperson added.
Chris Stoate, head of risk, operations and technology at TT International, said: “Implementing Finbourne’s technology underscores our commitment to delivering exceptional client service, streamlined integration and access to real-time and quality data to support our goals.”
Thomas McHugh, CEO and co-founder of Finbourne said: “Asset managers are increasingly seeking technology that enhances efficiency, transparency and decision-making capabilities.”
©Markets Media Europe 2024
