GoldenSource takes on data management challenge
01 December 2017 New York
Image: Shutterstock
GoldenSource has launched its new Nexus hosted data management solution, intended to provide a single source of market and reference data.
The solution allows investment managers to bring in new data sets and combine them with existing data sets, making all data available to the appropriate systems, thereby making trade transactions and transaction reporting easier.
Supporting front- to back-office operations, Nexus will allow managers to scale their existing technology infrastructure to accommodate new asset classes, and funding liquidity and reporting modernisation requirements. I can also assist firms in satisfying regulatory requirements under the likes of the second Markets in Financial Instruments Directive.
Prashant Kumar, senior vice president at GoldenSource, said: “For too long now, portfolio managers have been bogged down with distracting activities, such as having to approach multiple IT people in order to download their own extracts from spreadsheets.”
He added: “The amount of regulatory reporting on different products being traded that needs to be done is now at breaking point. All this additional information needs to be identified for each transaction, which leaves a huge amount of counterparty data that now needs to be managed.”
“GoldenSource Nexus makes sure the right information is made available throughout, for example, the MiFID II reporting stages. The same rigorous methodology is also applied to data and processes for pricing, order management, performance attribution, the investment book of record and risk."
The solution allows investment managers to bring in new data sets and combine them with existing data sets, making all data available to the appropriate systems, thereby making trade transactions and transaction reporting easier.
Supporting front- to back-office operations, Nexus will allow managers to scale their existing technology infrastructure to accommodate new asset classes, and funding liquidity and reporting modernisation requirements. I can also assist firms in satisfying regulatory requirements under the likes of the second Markets in Financial Instruments Directive.
Prashant Kumar, senior vice president at GoldenSource, said: “For too long now, portfolio managers have been bogged down with distracting activities, such as having to approach multiple IT people in order to download their own extracts from spreadsheets.”
He added: “The amount of regulatory reporting on different products being traded that needs to be done is now at breaking point. All this additional information needs to be identified for each transaction, which leaves a huge amount of counterparty data that now needs to be managed.”
“GoldenSource Nexus makes sure the right information is made available throughout, for example, the MiFID II reporting stages. The same rigorous methodology is also applied to data and processes for pricing, order management, performance attribution, the investment book of record and risk."
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