TAP Solutions joins Microsoft in global capital markets campaign

NEW YORK -- June 21, 2005 -- TAP Solutions (TAP) is one of a handful of elite software providers joining with Microsoft in the launch of the experience Capital Markets initiative at this year's Security Industry Association (SIA) Technology Showcase in New York City. Financial services firms can now look to TAP and Microsoft to meet the data management, compliance, and straight-through-processing (STP) demands of today's capital markets industry.

TAP's flagship product, TAPMaster, is a complete data management platform for market and reference data. TAPMaster automates the collection of vendor and internal data feeds, standardizes the content based on a comprehensive cross-asset data model, and stores the records side by side in a relational database. TAPMaster delivers that data to desktops and other applications using industry standard protocols including SQL, ODBC, and Microsoft .NET.

"The strength of the Microsoft toolset not only provides our clients with a robust data hub for the entire organization, but also leverages the firms existing investments in Microsoft products and technical resources," says Bob Bell, President and COO of TAP. "Centralizing market and reference data is the key to achieving the cost, auditing, and deployment controls all operations departments desire."

Enhancing that employee, operations, and customer interactivity with technology is key to Microsoft's experience Capital Markets campaign, and the reason TAP fits so tightly into that vision. Microsoft identified a small circle of industry partners that have constructed capital markets software solutions built on the Windows, SQL Server and .NET platforms. The end result is a total solution offering that supports all aspects of a firm's interaction with the trade life cycle.

"We are excited to be working with TAP Solutions and that it has joined us in supporting the experience Capital Markets initiative," said Kenny McBride, global industry manager for capital markets and securities at Microsoft Corp. "TAP's data management, compliance and straight-through-processing (STP) products align with our vision of fundamentally changing the customer, employee and operations experience for the capital markets and securities industry."

"TAPMaster provides the greatest value to the back office Operations departments of boutique and global financial services firms," said Bell. "The flexibility of our solution also empowers the employee in their day-to-day activities, while the reliability of Microsoft provides the customer with an enhanced level of confidence to meet the needs of the changing capital markets."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development