GoldenSource for Derivatives Wins Financial News ‘Best New Vendor Solution’ 2009 Award

NEW YORK - GoldenSource, a global software provider of enterprise data management (EDM) solutions, has won the ‘Best New Vendor Solution’ award at the Financial News Awards for Excellence in I.T. Trading & Technology Europe 2009, held in the City of London last night. GoldenSource was recognized for its GoldenSource for Derivatives solution and selected from a shortlist that included SunGard, Thomson Reuters and Interactive Data.

GoldenSource for Derivatives, launched in March 2009, is the only data management solution in the market developed with the specific aim of dealing with the unique complexity, lifecycle and volume of derivatives data. The solution was developed to meet client demand for instrument-level transparency and in anticipation of increased repository and regulatory requirements. It includes a preconfigured 360-degree view of instrument, issuer and counterparty exposure, creating a local CDS warehouse capability.

The solution creates and sustains a trusted data repository for critical applications such as risk management, and has no limit to the complexity or type of instrument it can accommodate. This is of particular importance in the OTC derivatives market due to the bespoke nature of many of these instruments.

“This award is recognition from some of Europe’s top banking and technology executives that we have developed an innovative solution to address the unique challenges posed by derivatives,” said Mike Meriton, CEO, GoldenSource. “GoldenSource for Derivatives gives firms a higher level of insight as they look to increase their use of derivatives without driving up risk.”

The full list of winners can be found on the Financial News website: www.efinancialnewsevents.com/award/itawards2009/

About GoldenSource

GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.

Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organise and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.

To arrange an interview with GoldenSource regarding GoldenSource for Derivatives, please contact Sheryl Lee or Daniel Diaz at Metia: +1-9173206462/+44(0)2031003729, sheryl.lee@metia.com/daniel.diaz@metia.com

For more information on GoldenSource, please visit www.thegoldensource.com

Source: GoldenSource

To arrange an interview with GoldenSource regarding GoldenSource for Derivatives, please contact Sheryl Lee or Daniel Diaz at Metia: +1-9173206462/+44(0)2031003729, sheryl.lee at metia.com/daniel.diaz at metia.com