State Street and FactSet partner to support better data management

Dan Barnes

State Street and FactSet have partnered to integrate State Street Alpha and FactSet to support streamlining of data flows across the front, middle and back-office through State Street’s Alpha Data Platform. 

The two companies expect the collaboration will provide common clients with a functional experience from client portals for equity, fixed income and multi-asset strategies all the way through to custody. 

Across the back and middle office, the integration of State Street portfolio accounting data into FactSet’s performance attribution, risk and reporting capabilities fosters a more seamless client experience with portfolio analytics from FactSet also integrated into the State Street Alpha Data Platform.  In addition, portfolios in FactSet will update intra-day as trades are executed and allocated in Charles River while proposed trades in FactSet transfer to Charles River for compliance and order management.

“Our clients consistently tell us that they are forging deeper, more strategic relationships with fewer partners and they expect their resulting partners to increasingly collaborate to better support them,” said Phil Snow, FactSet’s CEO. “This partnership exemplifies that concept, and I am thrilled that we are bringing our teams together to put clients first.”

“Data is at the heart of our Alpha strategy, and we remain committed to providing the leading data platform to the investment management industry to provide clients easy access to aggregated data, analytics and real-time insights,” said John Plansky, head of State Street Alpha. “This partnership furthers our Alpha strategy by now enabling Alpha clients to create and analyze portfolios using FactSet.”

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