GoldenSource to Discuss Golden Copy Data for Corporate Actions at CorpActions 2010
By Goldensource, PRNEThursday, April 15, 2010
LONDON, April 16, 2010 - GoldenSource Corporation, a leading provider of Enterprise Data
Management (EDM) solutions, will be exhibiting at CorpActions 2010, Europe's
premier corporate actions event on April 23 at The Grocers' Hall, City of
London. The conference will review critical issues and developments within
the corporate actions landscape including cross-border investments, risk
management, increased market regulation, quality of proxy data and STP
capabilities.
The effects of the financial crisis have more than ever, highlighted the
need for streamlined corporate actions processing, with tolerance for risk at
its lowest point. Coupled with an increase in complexity and volume from
increased restructuring and merger and acquisition activities, this makes the
quality of an organisations corporate actions data management of even greater
importance.
Gert Raeves, senior vice president, Strategic Business Development at
GoldenSource, will be available for commentary at CorpActions 2010. Raeves
can discuss in detail best practices for ensuring optimal corporate actions
processing through golden copy master data, such as:
- Harmonization of corporate actions standards; - The need for golden copy data to ensure standards are met; - The importance of XBRL, ISO 20022 and ISO 15022 for the future of corporate actions; and - How improved data quality can advance adoption of new market regulation.
Introducing a uniform, 'golden copy' master data set for corporate
actions makes standardisation and normalisation of notifications realistic.
It removes issues associated with different languages from different data
sources, 'unclean' data, removing the need for additional data scrubbing, and
increasingly intricate terms and conditions which continue to make corporate
actions one of the most complex post-trade activities to manage.
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
Press note: Gert Raeves is available for press interviews and briefings
while onsite at CorpActions 2010. Please contact Andy Martinus using the
information below to coordinate an interview:
UK press office: Metia Andy Martinus Tel: +44(0)20-3100-3585 Email: metiagoldensource@metia.com
UK press office: Metia, Andy Martinus, Tel: +44(0)20-3100-3585, Email: metiagoldensource at metia.com
Tags: April 16, GoldenSource, London, United Kingdom