Today, WSD and ULTUMUS announce a partnership between ULTUMUS’ global ETF and index managed data service and WSD’s document and workflow automation platform. This partnership enables ULTUMUS to produce PRIIP KIDs documents for their ETF Provider client base ahead of the deadline of January 1, 2023.
ULTUMUS’ specialisation is to capture, normalise, enrich and distribute global ETF and index composition data, reducing risk and providing solutions to both sell side and buy side. ULTUMUS provides look-through information on global ETFs and Indices with the ability to see daily weights and constituent information for Open, Close and Rebalance for usage in trading, risk and performance.
WSD is the leading SaaS-based provider of document and workflow automation solutions for manufacturers of structured products. They provide a fully integrated solution for the creation of legal and marketing documents as well as data distribution downstream to exchanges, vendors and third parties.
With the expansion of the ETF industry, data management, centralization and distribution have become increasingly demanding and complex. We are pleased to work together with WallStreetDocs to provide a complete solution to manage the production and dissemination of legal, marketing and fund information to meet industry standards across the board.
“We are excited to work together with the WallStreetDocs team”, said Bernie Thurston, CEO of ULTUMUS, “as issuers look to outsource operational processes, ULTUMUS have become the trusted source for PCF calculation, and now we can expand that offering to include the complete set of marketing and legal documentation along with extensive data distribution capabilities. This combined with the COSMOS Creation/Redemption provides a complete and comprehensive industry solution.
Mathias Strasser, CEO of WallStreetDocs, added: “PRIIPs and MiFID 2 have been among the greatest challenges for the derivatives industry over the past couple of years. Our industry-led approach has allowed us to build the leading automation platform for the generation of PRIIP KIDs and the dissemination of EPT and EMT data to the buy side through RegXchange. We are thrilled to partner with ULTUMUS, whose position in the ETF space will allow us to bring a turnkey solution to the market, as we approach the PRIIP KIDs compliance deadline of January 1, 2023.”
ULTUMUS are the leading ETF and Index data specialists with offices in London, Singapore and San Francisco. The firm is technology-driven implementing the latest cloud-based technology in support of Index and ETF trading, asset management and asset servicing. ULTUMUS’s market presence is global and expands across all business functions of a financial institution that require accurate, reliable and timely Index and ETF data. The combination of data, technology and expertise has shaped the DNA of the firm and is at the heart of everything it does.
WSD is a leading provider of SaaS-based technology solutions for manufacturers of structured products and OTC derivatives, covering all aspects of the process from pre-trade workflows to order management, document production, data dissemination to exchanges, data vendors and the buy side, as well as lifecycle management. WSD also operates RegXchange, an industry utility connecting the sell side and buy side, and Transparitrade, a white-labeled client-facing structured products platform featuring comprehensive education as well as trade execution and analytical tools. WSD serves its global Tier 1 clients with a staff of almost 100 people and offices in all major timezones.