Princeton Financial Systems and Hub Data Develop Consolidated Market Data Source

PRINCETON, N.J.--Princeton Financial Systems and Hub Data, a preferred data vendor in Princeton Financial Systems' Solutions Partners Program, have developed a new source for consolidated market data. Clients of Princeton Financial Systems' PAM unit of investment and management and portfolio accounting systems will be able to gain access to the new source, called Hub Market Data, through the PAM Messaging Interface.

Hub Market Data consolidates market data from various sources in the financial data marketplace into a single data feed, eliminating the need for multiple contracts, contacts and processes to gather and track incoming data. Hub Market, then, loads the information that PAM needs, using custom Hub Market Data templates designed specifically for PAM clients.

A central component to the PAM architecture is the concept of messaging. A message contains information about business events such as dividends, splits and price or factor updates. Messages update a client's market data, with the overall goal of helping the client to more easily achieve straight through processing or the automation of the entire trade lifecycle.

Using PAM Messaging Interface to gain access to Hub Market Data will allow clients to direct import of prices, factors, quality ratings, dividends and splits; multiple data file delivery options via the Internet; and access to multiple high-quality data vendors from only one source.

Hub Data offers various enterprise-wide data management solutions, including services for market data, security master file conversions and scrubs and custodial data. Princeton Financial Systems provides investment management software systems and ASP services for institutional investors globally, including insurance companies, mutual funds and unit trusts, investment managers, pension and superannuation funds and banks.