Linedata Services integrates Europerformance data services into its NILE financial information service
05 July 2005
Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced the integration of Europerformance data services into NILE, its general financial information reference system. As an integrated service within the Chorus fund management and accounting solution, NILE automatically updates management companies with prices, corporate actions and asset reference data on a daily basis. The integration of Europerformance data services into NILE will enable Linedata Services to supply information on over 50,000 mutual funds.
Nasser Amrouni, Head of Marketing and Product Strategy for Linedata Services’ Asset Management France business explains: “The integration of Europerformance data services brings clear added value in terms of enhancing the mutual fund information available to customers. The key benefit brought about by these data services is compliance with the financial security law. Institutional portfolios investing in funds now have access to greater transparency regarding management fees and front/back-end load, etc. Information provided by these services can also be used for audits and internal and external reporting.”
Habib Aouad, Chief Operating Officer for Linedata Services Asset Management France, adds: “This is a valuable supplement to the NILE range of services, already considered by our clients as a high added-value service, both in terms of the quality and breadth of information supplied and for productivity gains in the management of financial data reference systems. Linedata Services is reinforcing its commitment to provide services that add real value and meet the needs of asset managers worldwide.”