Bloomberg and software supplier Information Mosaic said they intend to streamline how notices of corporate actions are processed, to reduce operating risks and costs of securities firms.

The data solutions unit of Bloomberg is forming a "strategic partnership" with Information Mosaic to supply Bloomberg's corporate actions data to front office systems, for use in making investment decisions. The data also will be supplied, as in the past, to middle- and back-office systems, where the notices on such matters as mergers or acquistions or dividend payments are processed.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.