Bloomberg today announced that Apex Group, a global financial services provider, has selected Bloomberg to provide market data for its global operations.

Apex Group will be using Bloomberg’s Data License solution to provide reference, pricing and corporate actions data for equities and fixed income.

With this solution, Apex Group will be able to use Bloomberg’s data sets predominantly for its Fund Administration business, which manages fund and portfolio accounting for various global funds. Apex Group has also recently made several strategic acquisitions, and the firm-wide consolidation to using primarily Bloomberg’s data sets will ensure that the entire group will have access to the same data going forward. The implementation has been carried out by Apex Group’s Global Operations and Technology team based out of India.

Bloomberg provides high-quality, standardized and reliable data that can be integrated into Apex Group’s existing workflows and systems. The data sets enable independent calculation of Net Asset Values (NAVs) of a Fund’s portfolio, which is a key regulatory requirement in most markets. They also simplify and support pre-trade compliance with local regulations, as well as portfolio and counterparty risk monitoring.

In addition, Apex Group has selected Bloomberg’s BFIX for multi-currency portfolio reporting. BFIX is a robust, regulated benchmark covering a wide array of FX instruments that offers a comprehensive coverage of global currencies.

“We chose Bloomberg’s Enterprise Data solutions because they offer reliability, a global presence, and adaptability, allowing us to promptly address our clients’ evolving needs at every stage of their business journey. By adopting Bloomberg’s solutions, we ensure that our entire company can efficiently access reliable, strong, and high quality data. This collaboration demonstrates Apex’s dedication to continuously improve and optimize our operations, as well as deliver exceptional service.” said Jeff Pamplin, Global Head of Operations and Group ExCo member at Apex.

“We are pleased to work with Apex Group as their leading global provider of market data. Doing business in a complex global marketplace and complying with various local regulations require firms to have access to efficient systems and workflows. Adopting Bloomberg’s Enterprise Data solutions will significantly streamline and standardize Apex Group’s post-trade corporate actions process,” said Rajiv Mirwani, Head of Enterprise Sales, South Asia, Bloomberg.

Bloomberg’s Enterprise Data business transforms the way customers extract value from data by providing comprehensive coverage and high data quality. Enterprise Data produces pricing, reference and regulatory data sets, real-time market, event and news data, liquidity analytics along with data management and distribution technologies.