CGI AND STATPRO LAUNCH MANAGED MARKET DATA SOLUTION
Fixed Income, derivatives and structured products pricing for over 1 million instruments traded on more than 210 global exchanges.
CGI Group Inc (TSX: GIB.A; NYSE: GIB), a leading provider of information technology and business process services and StatPro Group plc, a leading provider of portfolio analytics and data solutions for the global asset management industry, today announced the integration of StatPro Market Data into CGI’s StarSource Managed Data Solution. StarSource is a component of MSuite™, CGI’s comprehensive wealth management solution servicing the fund administration, managed asset and high net worth investment programs of leading financial institutions.
Under the agreement, StatPro has become the primary supplier of pricing, corporate action and dividend information to CGI’s StarSource customers.
The service provides an independent valuation of over-the-counter assets, covering the world of fixed income, derivatives and structured products. Pricing can be provided for over 1 million instruments which are traded on over 210 global exchanges and over-the-counter markets.
As part of the service, StatPro provides collection, refinement and delivery of the data as well as support services to StarSource clients.
"StatPro’s Data Services will complement StarSource’s benefits to create an industry-leading business solution for our clients," said Terry Steeves, CGI Vice-President, Consulting Services. “StarSource will offer greater pricing coverage, access derivative security valuation, provide improved data quality and support and offer evaluated as well as broker-derived fixed income pricing.”
“We conducted extensive testing to ensure StarSource’s clients enjoy enhanced data coverage and faster response to inquiries as a result of the improved local support,” said Ian Swain, Head of Data Services, StatPro.”
StatPro Group plc is a leading provider of portfolio analytics and data solutions for the global asset management industry. StatPro floated on the London Stock Exchange in May 2000 and transferred it’s listing in June 2003 to AIM. Through a combination of organic growth and by acquisitions, StatPro has grown its repeat annualized revenue from less than £1 million in 1999 to over £22 million today. For more information on StatPro, please visit our website at: www.statpro.com.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals in over 100 offices across 16 countries. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at June 30th, 2008, CGI's order backlog was $12.03 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
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