Market Data Challenges; Also Serves as the Foundation for Recently Announced
ReferencePoint Plus Outsourcing Offering
NEW YORK (February 25, 2003) â FAME Information Services, Inc. today announced the release of ReferencePoint, an innovative solution to the problems of consolidation, management and integration of reference and historical data throughout the open enterprise. ReferencePoint combines all market data and information, standard data management technology, and financial and energy market expertise to provide complete enterprise information infrastructure to the global financial, energy, and public sector markets.
ReferencePoint features include:
- Acquisition modules for all industry standard vendor data available today
in the financial and energy markets.
- Open standard access tools for the seamless integration across the
enterprise, supporting XML, JAVA, ODBC and PERL.
- Comprehensive function library used in business rules for the validation
and transformation of market data.
- Powerful new desktop tool for the navigation, visualization and extraction
of market data.
- Rapid implementation and effective cost management of market data.
"FAME has been in the business of developing software for the enterprise
deployment of market data for more than 10 years," said Saad Rashid,
managing director, FAME Information Services. "We have worked with the
worldâs top firms to develop a solution that solves market data management
at many levels, from a security master of cleansed data to a desktop
application for data viewing, analysis and calculations."
ReferencePoint is composed of closely integrated software components that
consolidate, manage and integrate market data for deployment in a number of
business applications. Rashid explained, "referencePoint addresses the needs
of asset management and sell-side firms for an integrated data management
solution to aid in portfolio management, valuation, attribution and can also
help risk managers produce accurate risk numbers based on cleansed and
cross-referenced market data."
In a separate announcement, FAME Information Services recently announced its
profitable 2002 and strategic backing from their investors. This focus has
aided in a significant investment over the previous two years, which has
resulted in their new generation of enterprise data management tools and
"Enterprise data management solutions are becoming an increasingly competitive space," explained Dale Richards, FAMEâs CEO. "Many software vendors are in the process of adapting their legacy offerings to provide a solution. FAME has succeeded in this business long enough to confidently claim the market leadership position. Our data management expertise, track record and client base can attest to that."
ReferencePoint components have already been deployed in more than 30 institutions with diverse business needs, resulting in a proven, market demand-focused solution. Rashid added, "Institutions are aware of the problems they have in the area of data management, administrating a number of market databases and the dilemma in creating yet another database to solve this problem. ReferencePoint has the ability to leverage existing environments with a strong focus on multi-platform, multi-database connectivity and the notion of creating virtual data stores."