Market data integration specialists Rimes Technologies have added PacificData to their list of data partners. PacificBase is a Japanese company fundamentals database owned by PacificData, and it is now integrated with the analytics and international data already available through Rimes.
PacificData has been delivering Japanese equities information direct to users via PacificBase’s delivery and analytics platform since 1993. Rimes claims it is currently the only product which incorporates the latest Japanese accounting disclosure changes brought about by the new company law.
Andy Barrow, Head of Rimes Asia Pacific, says adding PacificBase to Rimes “significantly enhances our Japanese data by offering researchers the unique ability to analyse this premium Japanese company data using the same integrated solutions as they do for international data. As Japan opens up to foreign investment and benchmarks such as MSCI start to include more Japanese securities, the buy-side will need to understand small and mid-cap Japanese companies in much greater detail. Access to high-quality data will be crucial during this period, which makes Rimes and PacificBase such a great fit.”
International fund managers and analysts use the PacificData information to access, manipulate and cross-reference data from the Japanese market. It includes detailed fundamentals and market information on over 4,800 Japanese listed companies, as well as REITs and IPOs. The data, based on annual filings, earnings announcements and registration documents, is obtained from multiple sources and is subject to data processing and quality assurance monitoring.
“Our aim has always been to provide integrated and comprehensive solutions for Japanese financial information to investment professionals worldwide,” says Luis Lamas, Founder & CEO of PacificData. “Rimes adds significant value by maximising the value of data via its powerful integration and access tools.”
Campbell Gunn of T. Rowe Price, a user of PacificBase since it launched in 1994, says “we find the data feeds easily into our internal systems and is highly customizable. PacificBase is an important part of our investment decision making process.”