English to German Bus/Financial Economics reference data services

ABC, the financial Transaction Lifecycle Management specialist, today announced significant progress for its XYZ business, a year after its launch. With reference data on the agenda again at this year’s Sibos conference, a utility service model providing clean, consistent reference data as a service has come to the fore as the industry wrestles with data quality and its impact on risk management.

Mr Smith, CEO of ABC, said: “We believe that by looking to address the issue of reference data in the market and its impact on the transaction lifecycle as a whole and not on an institution by institution basis will have a lasting impact and deliver significant benefits to market participants.”

A year on from its launch the XYZ services, including securities cross referencing and a data dictionary have gained considerable traction in the markets. It has delivered significant project milestones including mapping more than 3.5 million security identifiers, equating to just over half of all the know identifiers and approximately 350 Exchanges. As a result of this development work, XYZ now delivers a Central Data Hub hosting a shared common source of reference data available to banks, custodians, broker/dealers, money managers.

One client, a leading US-based Asset Manager, is using the XYZ service to manage securities cross referencing, lowering its *****trade breaks***** and strengthening its risk controls. A spokesperson for the firm said: “Prior to XYZ a major trading group in the UK were primarily maintaining the matching manually between the web sites, Reuters, and Bloomberg. This approach caused delay and limitation on the volumes, loosing precious times in trading. With XYZ, we eliminate all the internal jobs and automate all of the matching; allowing the traders focus on their core competency of trading.”


Vielen Dank!