Jobstream users can boost their efficiency and service levels thanks to links with leading financial information service providers, including Bloomberg® and Financial Times Information.
These links allow Jobstream users to avoid the manual data entry of prices and other information, which is expensive, tedious, and impractical if a large range of investments is to be maintained. The links not only improve accuracy and efficiency, but enable more up-to-date information to be provided to clients.
The following option packs are already available:
The Securities Price Feed linking to Financial Times Information’s FTS service. This interface can be configured to download prices for the most active investments daily, while downloading prices for less active investments less frequently.
The Securities Price Feed linking to the Bloomberg Data License service. This interface normally downloads price information as at the close of the previous trading day, but it can also be configured to import historic prices from earlier dates. It covers asking price, bid price, mid price, day’s high, day’s low, 52-week high, 52-week low, EPS, P/E ratio, yield, ex-dividend flag.
The Dividend Information Feed linking to Financial Times Information’s Service FTS service. This interface downloads and records dividend announcements in the Jobstream Master Stock List. It also calculates and records the amounts that are due to each client that holds the investments on which dividends are issued.
The Currency Exchange Rate Feed linking to the Bloomberg Data License service. This interface normally downloads exchange rates as at the close of the previous trading day, but it can also be configured to import historic rates from earlier dates.
The range of interfaces is being expanded to include the Corporate Action Feed, linking to Financial Times Information’s FTS service. FTS will send announcements of over a hundred different types of corporate action to Jobstream, ranging from a name change to a stock split. Jobstream will warn the user of outstanding corporate actions when the user views an affected investment or a portfolio that contains an affected investment.
Each of these optional interfaces works by compiling a list of securities or currencies, sending a request over the Internet to the information provider, retrieving the information over the Internet, and uploading the information to the main Jobstream database. The entire process is automated and only needs to be used once per day – the information is then available to all Jobstream users, and it is retained as historical pricing information for backdated reports and queries that may be executed in the future.
An appropriate licence agreement with the information provider is required.
Contact Jonathan Egré at the Cambridge office for further details.
Bloomberg® is a registered trademark of Bloomberg LP.