Business News
Standard & Poor’s to Provide Ratings Data to QED Financial Systems
2008-07-15 08:54:00
Standard & Poor's real-time digital feed of credit ratings available via
services from QED Financial Systems
NEW YORK, July 15 /EMWNews/ -- Standard & Poor's, a leading provider
of financial market intelligence, today announced that QED Financial
Systems' institutional buy-side clients will be able to receive real-time
credit ratings information covering global issuers, structured finance, and
the U.S. public finance market segments through RatingsXpress.
With hundreds of new and increasingly complex securities entering the
market every day, Standard & Poor's provides financial professionals with
the in-depth research, opinions and high-quality credit ratings that they
need to better assess market conditions. The institutional investors,
public and private pension plan sponsors, investment and asset managers,
and state government financial organizations that use QED's services will
now have easier access to this data through RatingsXpress.
"Embedding Standard & Poor's credit ratings and information into QED's
technology platform will better serve QED clients who need that critical
credit market information in order to make their investment decisions,"
said Charles Warburton, Director of Product Management at Standard &
Poor's. "Providing that broad and deep information for investment
professionals is directly in line with our commitment to market
transparency."
RatingsXpress covers more than 46,000 active Global Issuers, Public
Finance, and Structured Finance entities and hundreds of thousands of
securities, including decades of history to support benchmarking and risk
modeling exercises.
"QED recognizes the importance of quality data and how it impacts the
accuracy of investment accounting results and investment decision-making,"
said Michael Dowd, Senior Vice President of Operations at QED. "We are
committed to providing our clients with value-added services that
streamline their investment operations, and the RatingsXpress data feed is
a perfect complement to our portfolio management and investment accounting
systems clients."
About QED Financial Systems
QED Financial Systems, Inc. is the premier provider of portfolio
management and investment accounting solutions to asset managers, pension
funds, investment advisors, public treasuries, and other buy-side firms.
QED manages more than 1 trillion USD in collective assets, and nearly 50%
of the U.S. state treasuries use QED solutions. QED offers LAN- and
ASP-based software solutions for streamlining back-office operations.
Additionally, QED's Accounting Services division is a leading provider of
portfolio management and investment accounting outsourcing solutions.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP),
is the world's foremost provider of financial market intelligence,
including independent credit ratings, indices, risk evaluation, investment
research and data. With approximately 8,500 employees, including wholly
owned affiliates, located in 23 countries and markets, Standard & Poor's is
an essential part of the world's financial infrastructure and has played a
leading role for more than 140 years in providing investors with the
independent benchmarks they need to feel more confident about their
investment and financial decisions. For more information, visit
http://www.standardandpoors.com.
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