State Street has struck a deal with RIMES, the U.S.-based data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha, its front-to-back solution. Through this partnership, State Street Alpha clients will benefit from RIMES’ expertise and experience with the global index provider marketplace, leveraging its operational capabilities and infrastructure. This partnership will help State Street to meet clients’ increasingly complex index needs and provide a comprehensive solution to aggregate indices and benchmarks across multiple providers.
Alpha’s index and benchmark capabilities, enabled by RIMES, will provide clients with access to 3.4 million indices, 1600+ data sources, and more than 650 data partners, and will be complementary to other available financial data sources. Additional client benefits include operational efficiencies via increased consistency and faster implementation for new indices, restatements, and changes.