Confluence Launches Fixed Income Pricing Data Feed on Snowflake Marketplace

Confluence Technologies, Inc., a global technology solutions provider for regulatory, analytics, and investor communications for the investment management industry, announced that the Confluence Evaluated Fixed Income Pricing data feed is now available on Snowflake Marketplace. This gives firms more streamlined access to Confluence’s wide range of fixed income pricing data, increasing efficiency in fund calculations.

“By bringing Confluence and its Evaluated Fixed Income Pricing feed onto Snowflake Marketplace, we’re giving joint clients the power to make data-driven decisions more efficiently”

“We are excited to be a part of the Snowflake Marketplace. Our Evaluated Fixed Income Pricing data is now accessible to Snowflake’s and Confluence’s clients, enabling easy integration of our data and services into clients’ platforms while benefiting from Snowflake’s scalability and security,” said Clinton Moseley, Managing Director, Global Data Services and Data Governance.

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By leveraging the Snowflake AI Data Cloud, Confluence is providing investment management clients with independent end-of-day and intra-day valuations for their fund net asset value (NAV) calculations. Clients can also run portfolio valuations for reporting, independent price verification (IPV), and index pricing.

“By bringing Confluence and its Evaluated Fixed Income Pricing feed onto Snowflake Marketplace, we’re giving joint clients the power to make data-driven decisions more efficiently,” said Rinesh Patel, Global Head of Financial Services at Snowflake. “Clients of Snowflake and Confluence will now be able to discover and access critical fixed income pricing information through the Marketplace, making it possible to run more accurate and timely fund calculations.”

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Clients who leverage Confluence Evaluated Fixed Income Pricing on Snowflake Marketplace can access a wide range of global fixed-income products (including years of historical data). The data set currently covers over one million fixed-income instruments, proportionally divided into three major sectors: APAC, EMEA, and Americas. In some cases, historical data goes back 20+ years.

Snowflake Marketplace is powered by Snowflake’s ground-breaking cross-cloud technology, Snowgrid, allowing companies direct access to raw data products and the ability to leverage data, apps, and AI products quickly, securely, and cost-effectively. Snowflake Marketplace simplifies discovery, access, and the commercialization of data products, enabling companies to unlock entirely new revenue streams and extended insights across the AI Data Cloud.

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Source – Businesswire

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