News and announcements
  • SimCorp and Thomson Reuters Enhance Users’ Access to Pricing, Reference Content21 May 2015

    SimCorp and Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the installation of a dedicated adapter enabling portfolio managers to access DataScope Select pricing and reference data through the SimCorp Dimension software platform. The innovative joint solution permits investment, asset and fund managers who use SimCorp Dimension software to request and load DataScope Select evaluated fixed income data and analytics on a highly customizable basis.

     

    The jointly developed adapter is being integrated as an optional component of the latest SimCorp Dimension software release. Clients order directly from SimCorp to have this interface installed, and in turn, they contract with Thomson Reuters for those DataScope Select pricing and data fields required to meet their portfolio management and compliance needs. With the new adapter, SimCorp Dimension users can take preconfigured data fields from DataScope Select, then define, set and change their own rules and schedules, as well as monitor the status of all data requests in the system.  The Thomson Reuters solution covers static data and prices for multiple instrument types, and handles end-of-day updates as well as intra-day requests, such as new pricing instrument additions.

     

    “This enhanced service offering further demonstrates our commitment to providing the very latest pricing and referential content to power investment decisions and administer the post-trade lifecycle of investment management,” said Stuart Martin, Global Head of Asset Servicing for Thomson Reuters Pricing and Reference Services. “As more financial institutions seek to optimize operational efficiencies, the need for timely, reliable and transparent information has become ever more critical. This – coupled with seamless integration to SimCorp Dimension – lets users leverage an extended data set to help them comply with regulatory obligations such as Solvency II and Portfolio Compliance across the enterprise.”

     

    “SimCorp is always seeking ways to support our clients in managing the many requirements and obligations of today’s financial industry,” said Marc Schröter, Senior Vice President for Product Management at SimCorp. “This adapter is a noteworthy extension of the v5.7 SimCorp Dimension platform, enabling us to offer new options to help our clients address the vast data management challenges they are facing.”

     

    The specially designed adapter offers SimCorp users a much broader range of integrated data sets (e.g. bonds reference data) via the DataScope Select evaluated pricing and reference delivery platform, covering over 2.5 million fixed income securities, derivatives, and bank loans. SimCorp also provides training during the implementation of the interface, along with ongoing assistance to SimCorp Dimension customers. Moreover, they benefit from a key DataScope function: an audit trail displaying the latest update, status and time of each pricing and reference request. Customers can monitor these requests and filter them by status.   

     

    Intended as the ultimate solution for asset managers, fund administrators and market data managers, DataScope Select is a strategic data delivery platform featuring a full cross-asset offering along with intelligently linked data including corporate actions, reference data, legal entity data, end-of-day / intra-day pricing and evaluated pricing services.        

     

    SimCorp Dimension offers a flexible, scalable and adaptable solution that supports the complete buy-side investment management value chain from investment analysis through trade execution, settlement, investment accounting and client reporting. It has a portfolio of individual solutions that map directly to every phase of the investment management process and are integrated around a single central database.

     

    For more information about the DataScope platform, please visit

    http://thomsonreuters.com/en/products-services/financial/market-data/datascope-select.html.

     

    For an on-demand presentation of the highlights of SimCorp Dimension Release 5.7 – including the above-referenced adapter – please visit: http://www.simcorp.com/Release-5-7/highlights.

     

     

    Enquiries regarding this announcement should be addressed to:

    Rikke Dalager, SimCorp Corporate Communications, +45 35 44 88 00

    Lemuel Brewster, Senior Public Relations Director, Financial & Risk, +1 646-223-5147, +1 917-805-1089, lemuel.brewster@thomsonreuters.com
    Mark D. Harrop, Public Relations Manager, Financial & Risk, +1 646-223-7803, +1 347-803-5575, mark.harrop@thomsonreuters.com


     

    Thomson Reuters

    Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.


  • Share buyback program 21 May 2015

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.4m) in the period from 23 February to 14 August 2015.

    The following transactions have been executed under the program:

    Date                

     

    Number of shares

    Average purchase price (DKK per share)

    Amount (DKK)

    Accumulated under the program as of last announcement:

    229,151

    227.97

    52,238,725

    8 May 2015

    2,000

    225.25

    450,500

    11 May 2015

    800

    229.05

    183,240

    12 May 2015

    1,000

    234.29

    234,290

    13 May 2015

    500

    240.45

    120,225

    18 May 2015

    200

    242.50

    48,500

    19 May 2015

    400

    247.21

    98,884

    20 May 2015

    500

    249.49

    124,745

    Accumulated under the program following above purchases:

    234,551

    228.09

    53,499,109

    Following above purchases, SimCorp holds 1,074,788 treasury shares corresponding to 2.59% of the share capital.

    Purchases for an amount of EUR 2.8m (approx. DKK 20.9m) remain to be executed under the program.

    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)

    Company Announcement no. 25/2015

     

  • Norwegian Folketrygdfondet employs SimCorp's Front Office Solution20 May 2015

    SimCorp today announced that Norwegian Folketrygdfondet has selected SimCorp’s front office solution to achieve tighter system integration, lower operating costs and reduced time-to-market for new instruments.

    Folketrygdfondet is responsible for the operational management of the Government Pension Fund Norway and manages public assets of approximately EUR 23bn. Folketrygdfondet is an existing SimCorp client, currently using SimCorp Dimension throughout its middle and back office functions. In 2011, the firm selected a so-called best-of-breed solution for the front office.

    “We have come to realize that fewer systems equals less maintenance, more efficient operations, and lower operating costs. From a functional point of view, SimCorp’s front office solution is competitive with our current solution. With the benefits we gain from seamless integration to middle and back office, we find SimCorp Dimension to be the best solution for our needs. Our front office functions will benefit from the direct access to SimCorp Dimension’s IBOR (Investment Book of Record) and we also foresee an improved time-to-market for new instruments,” says Jørn Nilsen, Chief Operating Officer at Folketrygdfondet.

    Once implemented, SimCorp‘s front office solution will provide Folketrygdfondet the full benefit of an enterprise front to back platform as well as SimCorp Dimension’s integrated IBOR. For the front office, this means real-time position keeping and the ability to get a timely, accurate overview of all holdings, risk exposure and investable cash.

    Lau Harting Jeppesen, Head of Sales at SimCorp Nordic comments: “Having Folketrygdfondet commit to SimCorp’s front office solution is a milestone for us. We have seen numerous times over the past years that SimCorp Dimension is selected in direct competition with best-of-breed solutions, but replacing a best-of-breed solution is an even stronger testament to the strengths of our solution.”

    Enquiries regarding this announcement should be addressed to:
    Anders Crillesen, Corporate Communications, +45 3544 8800

    About Folketrygdfondet
    Folketrygdfondet manages the Government Pension Fund Norway according to the mandate given by the Ministry of Finance. The Ministry has placed a capital deposit with Folketrygdfondet, which reinvests the capital in financial assets in its own name. The return on the assets is added to the fund capital.

  • SimCorp A/S – Interim report January to March 20158 May 2015

    Summary

    Q1 revenue amounted to EUR 56.5m, an increase of 14% measured in EUR and an increase of 8% when measured in local currencies.

    EBIT for the three-month period grew 35% to EUR 6.6m, compared with EUR 4.9m in the year-earlier period. Currency exchange rate fluctuations have impacted EBIT positively by EUR 0.8m (17%-points of the growth) in the quarter.

    Net profit for Q1 2015 was EUR 4.3m compared with EUR 3.6m in Q1 2014.

    SimCorp maintains its expectations measured in local currency for 2015. Revenue growth measured in local currencies is still expected to be 5-10%, and the expectation for EBIT margin measured in local currencies remains between 23% and 26%.

    Based on the exchange rates prevailing 30 April 2015 SimCorp now expects revenue in reported currency to be between EUR 265m and EUR 277m (was previously between EUR 260m and EUR 272m) and reported EBIT margin to be between 24.5% and 27.5% (was previously between 24% and 27%).

    As of 31 March 2015, contracts equalling EUR 197m of the projected 2015 revenue had been secured, EUR 22m more than at the same point in time last year.

    Klaus Holse, SimCorp CEO comments: “It is reassuring that 2015 is off to a good start. We have signed a contract  with one of the largest asset managers worldwide with our Front Office solution being a key driver. We also continue to see our existing customers adopting the new Front Office technology. Professional services is experiencing solid demand with a continued expansion in the service portfolio offered. Based on this we remain confident about our financial outlook for 2015.“

    Download the interim report in pdf


  • Share buyback program 8 May 2015

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.4m) in the period from 23 February to 14 August 2015.

    The following transactions have been executed under the program:

    Date                

     

    Number of shares

    Average purchase price (DKK per share)

    Amount (DKK)

    Accumulated under the program as of last announcement:

    212,786

    228.07

    48,530,119

    28 April 2015

    5,065

    224.26

    1,135,877

    29 April 2015

    3,000

    225.81

    677,430

    30 April 2015

    1,500

    227.05

    340,575

    4 May 2015

    2,000

    229.23

    458,460

    5 May 2015

    1,800

    231.33

    416,394

    6 May 2015

    2,000

    227.47

    454,940

    7 May 2015

    1,000

    224.93

    224,930

    Accumulated under the program following above purchases:

    229,151

    227.97

    52,238,725

    Following above purchases, SimCorp holds 1,069,388 treasury shares corresponding to 2.58% of the share capital.

    Purchases for an amount of EUR 3.0m (approx. DKK 22.1m) remain to be executed under the program.


    Enquiries regarding this announcement should be addressed to:

    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)

    Company Announcement no. 23/2015 

SimCorp's Annual Report 2014Read about our performance for 2014 and our plans for 2015.Download
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