Electra Information Systems' Electra Data Service Surpasses $20 Trillion in AUM
Automated Data Acquisition Service Attains Significant Milestone
Electra Information Systems (Electra), the leading buy-side aggregator of investment accounting data to the financial services industry, today announced it is moving a record $20 trillion in assets through its Electra Data engine daily, representing over 110,000 accounts with an average account size in excess of $150M.
Data flows over 2,300 direct data feeds Electra has established with global custodians, prime brokers, broker/dealers, sub-advisors, fund administrators and other financial counterparties. Clients use Electra Data to support reconciliation, NAV, fund accounting, performance and client fee billing operations.
“The deep trust clients have in Electra is demonstrated as they have asked us to acquire and transform data representing over $20 trillion in assets daily, making Electra Data a de facto standard for the buy-side,” said John Landry, Chief Executive Officer, Electra. “With the addition of new data types and support for new processes, the use of Electra Data will continue to grow and we look for opportunities to further expand the support we provide to institutional investment managers, hedgefunds, plan sponsors, insurance companies, fundadministrators, and providers of outsourced operations services.”