GoldenSource Helps Buy and Sell Side Institutions Achieve a Consolidated View of Risk With EDM 8.3.1

By Goldensource, PRNE
Tuesday, June 14, 2011

NEW YORK and LONDON, June 15, 2011 -

- New Functionality Future Proofs
Front to Back Offices to Meet Exacting Regulatory Standards


For financial firms looking to keep up with recent regulatory
reform, GoldenSource
Corporation, a leading enterprise data management solutions
provider, has today announced the generally available release of
EDM Suite version 8.3.1 (EDM 8.3.1). Already successfully
implemented with a client through its Powered By program,
EDM 8.3.1 consolidates disparate data feeds and provides increased
functionality for independent price verification and price
scrubbing for more reliable asset valuations. In addition to
benefitting from the vendor’s existing golden copy data delivery
model, front to back office desks now have greater visibility of
end-to-end risk positions, in a user friendly environment.

“With the Dodd-Frank Legislation, creation of the Office of
Financial Research (OFR) in the U.S. and similar regulatory reform
in other regions, firms are taking a more structured and proactive
approach towards risk management,” says Mike Meriton, CEO,
GoldenSource. “Achieving a single view of the business is more
critical than ever as firms need to look at their current situation
and be able to comply with regulations as well as prepare to
quickly adapt to requirements of new regulations on the horizon.
Mitigating counterparty risk is high on the agenda, and companies
need increased access to granular data in order to realize a clear,
end-to-end view of risk positions.”

EDM 8.3.1 builds on the workflow and validation tools delivered
in EDM 8.2 and links product, customer and counterparty, as well as
position and transaction data. As a result risk managers, traders
and compliance managers develop a firm wide view of risk including
the additional visibility, audibility, and accuracy of data
required to meet their exacting regulatory standards.

“Flexibility and control are two lynchpins in minimizing risk
and achieving compliance in today’s market,” says Tom Stock, senior
vice president of product management, GoldenSource. “Recent
financial reforms are driving companies to demand more robust
systems that take into account the different criteria and rules
sets, as well as different service levels required per downstream
consumers of pricing data.  EDM 8.3.1 provides the capability
of enhanced rules based on pricing, enabling financial firms to
provide additional value to their customers.”

Key enhancements to GoldenSource EDM 8.3.1 include:

  • Independent price validation (IPV), scrubbing and Golden Copy
    rules on one system

    • allowing customers to set client specific rules;
    • with streamlined workflows and connections to independent
      pricing providers such as MarkIt, SuperDerivatives, Interactive
  • New public finance feeds from Standard & Poor’s and
    Moody’s, adding government and municipal ratings to the existing
    corporate ratings;
  • Look through processing - EDM 8.3.1 allows customers to drill
    through to underlying funds, providing visibility of individual
    components as well as of direct and indirect holding of a
    particular security, providing a more accurate view of percentages
    held to ensure regulatory compliance;
  • New user friendly front end based on GoldenSource’s data model
    delivery method, providing the best of scalable and robust access
    to data with on terminal visibility of connections via RSS feeds
    and enhanced security direct and master screens.

GoldenSource EDM 8.3.1 is available for general use

Note to editors: screenshots and demo
are available on request.

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

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, organize 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.

A proven supplier of on premises EDM solutions to the world’s
largest financial institutions, GoldenSource also powers managed
data services via the innovative Powered by GoldenSource™

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For more information:
Metia on behalf of GoldenSource
U.S. press office              
       UK press office
Sheryl Lee                


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