Infrastructure

12:38 PM
Justin Grant
Justin Grant
Commentary
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

Data Consolidation Nudges Way Onto Center Stage at SIFMA

One of the big themes floating around this year's SIFMA Financial Services Technology Expo has been the growing push for data consolidation throughout the buy-side.

One of the big themes floating around this year's SIFMA Financial Services Technology Expo has been the growing push for data consolidation throughout the buy-side. With regulators forcing firms - particularly hedge funds - to demonstrate transparency and operational best practices, demand is soaring for systems that enable traders to see a wide range of complex investment data in one place.

The stricter environment has sprouted a cottage industry of sorts, with technology providers updating data management platforms that aggregate crucial information for trading desks. And this trend isn't solely being driven by the new regulations. Firms are also looking to better understand what their exposures are when the trading day is over.

At SIFMA, GoldenSource rolled out an upgrade to its EDM system, which consolidates a diverse range of data feeds aimed at giving trading desks a clearer picture of asset valuations. And Linedata announced an update to its hedge fund portfolio management system Beauchamp Sigma, which is built to help traders balance demands for transparency both from regulators and their investors.

GoldenSource, a data management provider, says being able to get a single view of an entire operation has become critical with new regulations on the horizon. That ability is also essential to helping firms get a tighter grip on risk.

"With the Dodd-Frank legislation ... and similar regulatory reform in other regions, firms are taking a more structured and proactive approach towards risk management," says GoldenSource Chief Executive Mike Meriton.

"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."

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio
Comment  | 
Print  | 
More Insights
More Commentary
Micro Data Challenges in an Era of Macroprudential Regulation
Research and statistical analysis experts at central banks are tasked with developing sophisticated forecasts and models to identify systemic risk. Yet they are spending most of their time acting as data entry clerks, rather than developing these models.
The Perks of 'SmartSourcing' Shared Services in Financial Industry
A breadth of vital but undifferentiated business processes are still being replicated across the industry. They are all candidates for centralization.
Managing Social Media Risk Strategy: Technology Can Only Go So Far
Advanced analytical technologies are an important part of a social media risk management strategy, an Accenture report says, but the technology must be balanced with training and procedures.
Cross-Asset Universal Product Identifier: The Solution the Industry Is Looking For?
A UPI will enable a holistic approach to identifying all trades and positions. While such an idea sounds great in theory, historical attempts at achieving global agreement have fallen short.
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
7 Unusual Behaviors That Indicate Security Breaches
7 Unusual Behaviors That Indicate Security Breaches
Breaches create outliers. Identifying anomalous activity can help keep firms in compliance and out of the headlines.