San Diego, CA 11/8/2011 3:02:28 PM
News / Internet

URAC’s Independent Review Organization

Thomson Reuters and Black Mountain Systems, the financial software development solutions provider for credit investment managers, today announced a strategic alliance that will enhance the level of loan data available to institutional investors. Customers of Everest, Black Mountain’s portfolio management, credit research, trade order management and compliance system will now have access to request-based content from Thomson Reuters DataScope Select, a strategic data delivery platform that delivers global, cross asset non streaming content.

The ability to access Thomson Reuters pricing and reference data will allow Everest customers to improve accurate decision making and productivity, while increasing portfolio management and reporting efficiency. Everest users will now be able to access data on demand, tailoring their usage to meet their needs, a capability that will enable them to streamline operations and costs while providing them with the necessary transparency around their data usage both in volume and asset class.

Andy Horwitz, Managing Partner at Black Mountain Systems says: “We are delighted to join forces with Thomson Reuters to continue to meet our client’s data requirements. Our partnership with Thomson Reuters will ensure customers continue to have the right credit analysis tools at hand as well as direct access to data of the highest quality and the flexibility and coverage they require across asset classes. Being able to load their chosen data fields into Everest via a single step will also enable them to streamline their operations further.”

Gerry Buggy, Global Head of Enterprise Content at Thomson Reuters, said: “Institutional investors need the certainty that their decisions stem and are based from the highest possible levels of data quality to ensure effective decision making, portfolio management and risk reduction. The integration of our non-streaming content into Everest will provide customers with this certainty by ensuring their middle and back office applications as well as their compliance systems rely on an unrivaled level of depth and breadth of content. “

The integration of Thomson Reuters DataScope Select into Everest will enable customers to request data for over 2.5 million over-the-counter (OTC) fixed-income and derivative instruments, inlcuding structured / securitized products, corporate and government securities, U.S. Municipals, convertible bonds, loans, and derivative products.

About Thomson Reuters:
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. The firm combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI).

About Black Mountain Systems:
Black Mountain Systems is an independent financial software development firm that has developed innovative solutions for credit investment managers. Everest, Black Mountain Systems award winning proprietary front office software solution is tailored specifically to individual client needs. Everest delivers superior credit analysis tools, easy to use portfolio management and reporting, and a trade order management and compliance system to institutional investors in syndicated high-yield loans, bonds and alternative investments. Clients consist of many of the world's preeminent hedge funds, private equity firms, investment managers and banking firms. Everest's services give analysts, traders and portfolio managers the tools necessary to quickly and efficiently navigate and analyze information critical to the investment process.

Andy Horwitz
Black Mountain Systems, LLC
12520 High Bluff Dr Ste 340
San Diego, CA 92130