Thrashing Thomson Teams for More Investment Data

January 2, 2012

“Heptagon Capital Goes Live with Thomson Reuters Pricing and Reference Data via Advent,” reports InfoTech News. The deal allows investment firm Heptagon Capital to use Advent’s new market data interface to access pricing and reference data from Thomson Reuters. The hope is that the information will help Heptagon better serve its clients. The article asserts:

This critical and timely information will enable Heptagon Capital to enhance its portfolio management, administration and valuation functions, and boost its client reporting capabilities.
Advent Portfolio Exchange® (APX) provides clients in Europe, the Middle East, Africa and Asia direct and seamless access to DataScope Select, Thomson Reuters strategic data delivery platform for non-streaming content. This includes in-depth and cross-asset class pricing and reference data, such as transparent evaluated prices.

Sounds great for Advent and Heptagon, but will this type of deal revivify Thomson Reuters? Our view: nice try, but no. The changing media world has taken too large a toll on the formerly dominant news outfit.

London-based Heptagon Capital focuses on specialized asset management services/ investment solutions. The company strives to provide objective, sophisticated, and creative investment platforms.

Advent Software was founded back in 1983 to automate portfolio accounting in the investment management field. Since then, the company has expanded to serve investment industry clients worldwide.

Will the new top dog, the withdrawing of Thomson Reuters’ medical services unit from the auction block, and tie ups like this one change the company’s fortunes? Long shot. WestlawNext is a bright spot, however. Search unfortunately cannot save the day. More “real” innovation perhaps?

Cynthia Murrell, January 2, 2012

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.