Finpacific Treasury System announce the completion of a project to install their FData market data interface with EADS, European Aeronautic Defence and Space Company, Munich based operations, going live in March 2009. EADS joins a growing list of clients in the Asia/Pacific region and represents a move into the European market place for Finpacific.
FData is an ETL application (extract, transform, load) for market data, giving organizations the ability to automatically extract market data from providers networks, manipulate that data based on user defined business rules, and load data into a target database. Gavin Ewer of Finpacific states that “ with FData, consistency and automation in the collection of market data across financial instruments becomes a reality and benefits organizations with increased compliance, reduced operational risk, and low cost of ownership”.
EADS is a global leader in aerospace, defence and related services with divisions including Airbus as the leading manufacturer of commercial aircraft, Eurocopter as the world's largest helicopter supplier and EADS Astrium, the European leader in space programmes from Ariane to Galileo. EADS required a replacement for an existing market date interface which was flexible, robust and user friendly.
Farid Boussatha from EADS says “The project to replace our existing batch interface to extract, transform and load market data into our existing Treasury application was made truly simple due to the availability of FData application from Finpacific. FData’s easy to use graphical user interface, combined with a flexible business transformation layer and fully automated set and forget communication between the systems, allowed us to replicate the complex business logic and install and test the product at a rapid pace. Consultants from Finpacific Treasury Systems gave us a significant support and commitment throughout the project in successfully managing a very complex integration against an ambitious timeframe.”