State Street has partnered with FactSet to streamline data flows across the front, middle and back-office through State Street Alpha’s data platform.
The two companies expect the partnership to provide clients with an improved experience from client portals for equity, fixed income and multi-asset strategies through to custody.
“Data is at heart of our Alpha strategy,” explained John Plansky, head of State Street Alpha. “This partnership furthers our Alpha strategy by now enabling clients to create and analyse portfolios using FactSet.”
The integration promises greater portfolio analytics for clients, with intra-day updates as trades are executed and allocated in Charles River. Proposed trades in FactSet will transfer to Charles River for compliance and order management.
“Our clients consistently tell us that they are forging deeper, more strategic relationships with fewer partners and they expect their resulting partners to increasingly collaborate to better support them,” said Phil Snow, FactSet’s CEO. “This partnership exemplifies that concept, and I am thrilled that we are bringing our teams together to put clients first.”