"Asset Control came highly recommended by existing users, and we have been pleased with their commitment and enthusiasm to ensure that we get the best
and most appropriate solution for the group," said Carolyn Cameron-Kirksmith, business manager of Global Markets SA of Standard Bank. "The flexibility of the new platform will allow us to gather, monitor and analyze market data across a broad number of asset classes, markets and countries globally."
AC PriceMaster will be delivered turnkey, configured to the business requirements as defined by Standard Bank, including integration with feeds from external data sources, such as Reuters and Markit, as well as numerous internal systems within the bank. In supporting the bank's market risk management, it will provide market snapshots, data profiling and the generation of sophisticated risk factors.
"Standard Bank is a prestigious addition to the Asset Control customer group, and extends our business reach into the sub-Saharan banking sector of Africa, our fifth continent. This project also represents another step forward in our introduction of turnkey deliveries, which offer unprecedented speed while reducing complexity and risk in implementations," said Ger Rosenkamp, CEO of Asset Control. "We are delighted to welcome Standard Bank as our newest customer."
A special-purpose configuration of the AC Plus modular framework, AC PriceMaster manages current and historical price data for risk management, portfolio management and trading support. Like all AC Plus solutions, AC
PriceMaster is extensible to additional data categories, including instrument reference data, counterparty and credit data, and corporate actions.