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."