Hedge fund operations/administration provider now benefits from standardized enterprise-wide data to support company growth and customer data services
OpHedge Investment Services, LLC, a leading hedge fund operations/administration service provider, has gone live with the GoldenSource Securities & ProductsÔ solution. This global security master application lays the foundation for the company’s enterprise data management (EDM) infrastructure which is designed to support the company’s growth and accommodate its strategic data management services to existing and future clients.
The GoldenSource solution enables OpHedge to streamline its reporting and data management process by creating, maintaining and publishing a standardized reference data repository for all financial instruments. The solution centralizes securities master data from multiple data providers, cleans it, then publishes it to OpHedge’s internal securities and exotics trading systems. OpHedge can develop pricing solutions around vendor data to suit market hierarchies or tap into a ‘securities of interest’ list hosted on the real-time GoldenSource platform. OpHedge now has the flexibility to cost-effectively tailor data services for its clients.
“One of the biggest benefits of this platform for OpHedge is the ability to host multiple golden copies of data, allowing us to deliver à la carte data services to our clients,” said Jeff Li, Chief Technology Officer of OpHedge. “By providing services to the alternative investment management industry, we are dealing with one of the most volatile and dynamic trading environments. The GoldenSource solution helps us manage such complex data.”
Jim DeCicco, North America Vice President of Product Services at GoldenSource, said: “Hedge funds are trading some of the most exotic securities around so clean data is imperative to get a clear picture of their trading positions. OpHedge needs to be able to customize and deliver that data to their clients and the GoldenSource Securities & Products solution gives them the flexibility to do so.”