New York's Abel/Noser selects TAPMaster as corporate data management platform

NEW YORK, NY – In a continuing effort to pass on cost savings to its clients and extend the capabilities of its business line to fixed income, long-standing Wall Street brokerage Abel/Noser Corp. has chosen the TAPMaster data management product suite from TAP Solutions, Inc. (TAP) to streamline their acquisition and deployment of data. This installation is TAP’s second in New York in the last 60 days and establishes TAPMaster as a leading solution to the growing problem of data consolidation, delivery, and cost management.

"TAPMaster is the only product on the market that can support our long-standing securities-based services, and our new fixed income business unit that includes time and sales data, as well as analysis and audit capabilities," says James Noser, Abel/Noser’s Vice President. "TAP came to the table with the necessary data vendor relationships and proven capability with new technology."

TAPMaster addresses growing requirements to properly identify and verify, compile, collate, and distribute accurate securities and fixed income data to business applications ranging from the trading floor through to settlement and other operations. The product is an open platform data management suite that gathers and represents data in a standard format into one single repository. The data can be accessed using standard protocols (SQL, ODBC/JDBC, and/or web services) and delivered to all the applications used in daily business analytics and transactions.

TAP will be providing Abel/Noser with software and implementation services that include the installation, testing, and roll-out of TAPMaster in the production environment, as well as integration of the Moneyline Telerate and TRACE fixed income data feeds. The project began in January and is scheduled for installation in May 2004.