Russell/Mellon Analytical Services
picked up new index distribution capability from FT Interactive Data
. The deal brings the Tacoma, Washington-based unit of Russell data collection, reconciliation, formatting and distribution capabilities for third-party benchmark info. The unit claims 27 European asset managers as clients.
The Edinburgh-based unit of FT Interactive will become part of Russell/Mellon CAPS. Additional terms of the deal were not disclosed.
"Providing daily benchmarks is an extension of our worldwide business capability and is consistent with our long-term strategy to enhance our products and our clients' performance systems," said Bill Pryor
, chief executive officer of Russell/Mellon Analytical Services.
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