LONDON - AIM Software, a leading provider of reference data management solutions to the financial industry, announced today that London-based trading house ODL Securities Limited has selected AIM Software's data management platform GAIN for the integration of price, static and corporate actions data provided by FT Interactive Data.
As a large forex, derivatives and equities trading house, ODL Securities required a data integration platform that supports the direct input of FTID's FTS ExShare data into an Oracle infrastructure. Together with its local partner TraderTeam, AIM Software addressed this request with a solution that allows ODL Securities to maintain the security master file and to process security data, closing prices and corporate actions automatically.
Bill Newton, Director at ODL Securities, states: "Before deploying GAIN we maintained the security master file mainly manually. By automating the processing of our security data and price data we could reduce errors to a minimum level and could realise significant improvements in operational efficiencies."
Josef Sommeregger, Head of Business Development at AIM Software, says: "GAIN as a scalable platform allows for a stepwise integration and helps our customers to benefit from cost savings and reduced maintenance costs in their daily management of reference data."
TraderTeam, UK partner of AIM Software, implemented the solution within only
4 weeks and ensures individual support for optimised quality assurance.
"The turnkey delivery of AIM Software's reference data management solutions enables our customers to dramatically reduce implementation time and to focus on their core competencies. We are delighted to welcome ODL Securities as a new GAIN client," concludes John Prior, General Director at Trader Team.