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Thomson Reuters introduces end of day equity pricing solution

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Thomson Reuters’ pricing and reference data platform, DataScope Select, will now deliver validated end of day prices within 30 minutes of market close and will have a universal close price field. 

US mutual fund managers and administrators will now be able to retrieve validated close price data at approximately 4:30 pm (EST) through a single universal close field, making it easier to meet their net asset value reporting requirements.
 
The enhancements aim to provide clients with seamless integration into valuation and accounting platforms, optimising the users pricing workflow and simplifying auditing and reducing costs.

The prices supplied through DataScope will enable mutual fund managers to hold news securities and pursue differentiation strategies.
 
Tim Rice, global head of pricing and reference data, Thomson Reuters, says: “Thomson Reuters is committed to global fund valuation through enhancing our technology while continuing our broad focus to provide accurate, timely information to mutual fund clients and fund administrators. This performance enhancement to our technology further shows our commitment and dedication to providing the best timely information in support of our client’s market requirements.”
 
“In today’s volatile marketplace, fast access to premium-quality content is essential to ensure precise valuations and drive market strategies,” adds Sang Lee, principal analyst and co-founder, Aite Group. “As operational risk concerns remain front-of-mind, mutual fund managers and administrators will look for technology platforms that can deliver a new level of transparency, value and consistency in pricing information to help meet auditing and reporting requirements and create greater opportunities for their clients.”

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