GoldenSource Releases Market Data Solution for end-to-end Data Transparency

By Goldensource, PRNE
Monday, March 15, 2010

GoldenSource Reveals Centralised Market and Reference Data on Single Platform Unified Market and Reference Data Delivers end-to-end Data Transparency

LONDON and NEW YORK, March 16, 2010 - The ability of Risk Managers to adapt to changing regulatory environments
and achieve more up to date and accessible views of immediate risk positions,
has long been held back by the siloed treatment of market and reference data.
Today at FIMA NY, GoldenSource announced the release of the GoldenSource
Market Data Solution (GSMDS) allowing Chief Risk Officers and Chief Financial
Officers to get to grips with operational and financial risk caused by
increased market volatility, inconsistent business processes and asset-based
processing silos.

"Risk management, product control and finance officers need higher data
quality, transparency and consistency. The GoldenSource Market Data Solution
is unique in offering a proven business solution to address the challenges of
offering a 360 degree view of all risk-relevant data in a single data
management platform," said Mike Meriton, GoldenSource CEO.

According to research from consultancy A-Team Group*, 87% of Risk
Managers are interested in centralising market and reference data. The
GoldenSource Market Data Solution is an innovative solution which unifies
traditional reference data (static data, corporate actions, end-of-day
pricing) with more time-critical market data (intraday pricing, rates,
curves, and derived data sets such as volatility surfaces and correlation
matrices) and offers increased data quality, consistency and transparency
across the investment process.

GSMDS helps firms address issues such as:

    - Pricing mechanisms in the front office and valuations for
      Profit and Loss (P&L) in the middle and back office often depend on
      the same price and rate data, yet both areas source this information
      from disparate sources.
    - Higher market volatility is impacting portfolio valuations across
      all asset classes, meaning back office risk and P&L systems cannot wait
      until end-of-day to access critical market data.
    - Regulators are expecting the same data used in the trading and
      investment decision support process to be extended to valuations, P&L,
      financial reporting and risk management.
    - Client reporting demands more transparent asset and portfolio
      valuations, and golden copy pricing now needs to include reference data
      as well as multiple market data sources.

Built on Java and web services technology, the GoldenSource Market Data
Solution includes technology components licensed from Xenomorph, a leading
provider of time-series data management and analytics solutions. The
GoldenSource Market Data Solution integrates time-series storage and
analytics functionality within its award-winning golden copy platform for
exception management and data distribution. Its functionality includes the
capture, validation, cleansing, storage and distribution of prices and rates
as well as more complex datasets such as curves, spread curves and volatility
surfaces.

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.

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(TM) program.

For more information, visit: www.thegoldensource.com

* Risk Management Drives Cross-Enterprise Data Connections, An A-Team
Group Survey Report, July 2009.

    For more information

    U.S. press office office
    Metia Inc.
    Sheryl Lee
    Tel: +1-917-320-6462
    Email: sheryl.lee@metia.com

    UK press
    Metia
    Nicola Garvin
    Tel. +44(0)20-3100-3586
    Email: nicola.garvin@metia.com

For more information: U.S. press office office, Metia Inc., Sheryl Lee, Tel: +1-917-320-6462, Email: sheryl.lee at metia.com; UK press, Metia, Nicola Garvin, Tel. +44(0)20-3100-3586, Email: nicola.garvin at metia.com

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