Thomson Reuters will provide market data, exchange-traded pricing and reference services through its DataScope Select system.
The system allows NAB access to the Thompson Reuters instrument coverage of more than 40 million assets and entities on file, including pricing data, security references, analytics, corporate actions, fixed income analysis, FX cross rates, benchmarks, and environmental, social and governance data.
David Knights, acting executive general manager of NAB Asset Servicing, said: “We appointed Thomson Reuters not only because they offer excellent breadth, depth and quality of content in the market, but they are committed to working with us as partners and bringing the very best experience to our customers.”
Daryl Sisson, managing director for the Thomson Reuters financial and risk business in Australia and New Zealand, added: “Working with a market leader like NAB Asset Servicing to innovatively solve their complex data content and delivery requirements is a fantastic win for the Australian business and we’re excited about the future potential of the relationship.”
NAB Asset Servicing is reportedly the largest custodian in the Australian market, with assets under administration totalling AUD 793 billion ($598 billion).