ULTUMUS and NUVO PRIME form strategic alliance leveraging latest cloud-based technologies.

ULTUMUS, the leading global provider of ETF, index and dividend forecast data today announced a strategic data and technology alliance with NUVO PRIME, the developers of SwapScale, an enterprise grade, swaps trading platform built for cloud. The partnership will provide mutual clients with the ability to better access and use ETF, index and dividend forecast data ensuring timeliness and accuracy for all aspects of swaps trading, pricing and reporting.

The prime finance space is rapidly evolving, not only as new companies come to market but also for incumbents who must now confront the high costs and inflexibility of legacy technology stacks. Remaining competitive means strategic adoption of next generation solutions.

Addressing these demands, the ULTUMUS and NUVO PRIME alliance combines the flexibility and performance of the SwapScale trading platform with the most comprehensive and best-supported managed data service from ULTUMUS.

Bernie Thurston, CEO, ULTUMUS said: “We are very pleased to be partnering with NUVO PRIME to provide our data set that offers the greatest granularity of data and client support. This partnership allows us to provide our service to a wider audience and provides a real choice to clients on who to choose to service their data needs”.

“We are delighted to work with ULTUMUS to integrate their services in our applications for the benefit of the client base, said Claire Young, Co-Founder and Co-CTO of NUVO PRIME. “Reliable direct and proxy pricing implemented in real- or near-real time is a valuable strategic enhancement to our Prime Finance offering. Our collaboration with ULTUMUS extends our capabilities in this important area”.

SwapScale by NUVO PRIME is the first of its kind: a swaps trading and management platform built from the ground up for cloud. Employing next generation web technologies, it combines the security, resilience and scalability of distributed computing with the full feature set, customisability and cost-efficiency of software-as-a-service.

 

For further information, please contact:

Andrew Bain, Nuvo Prime, Tel: +44 7900 882 601
Louise Dolan, Camarco, Tel: +44 20 3757 4982 / +44 7446 870025

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