AIM Software, a leading provider of reference data management and risk management software to the financial industry, announced today that SPARX Group Co., Ltd. has selected AIM Software's data management platform GAIN for the integration of Asian equities data provided by Bloomberg and for the automatic download of data from the Japanese Toyo Keizai feed.
SPARX Group is a financial services group specializing in asset management and is AIM Software's reference customer in Japan.
SPARX required a data integration platform that supports the direct import of pricing data, static data and corporate actions from Bloomberg Data License. Additionally, SPARX demanded the automatic download of data from the Japanese Toyo Keizai data feed. The goal was to eliminate manual intervention thereby minimizing any potential errors during data import and data processing. SPARX' focus was on a complete automation of all business processes and an integrated, consistent quality control in the import and the processing of financial data.
With facilities for security master file management, corporate actions processing and exception handling, GAIN Data Management provides much of the daily data management in a financial institution's back office out-of-the-box. It accesses data feeds and databases, processes messages and exports data to applications and databases. With the help of GAIN's workflow environment and query building environment, Bloomberg data and other feeds can now be processed automatically at SPARX.
"In addition to the processing of Bloomberg financial information, GAIN handles the automatic download of Toyo Keizai data which helps SPARX to reduce time-consuming manual download procedures," said Alexander Wilhelm, Business Development Manager at AIM Software Japan.
"AIM Software's know-how and large customer base as well as the flexibility of its product to link to any banking application proved to be a decisive factor for SPARX. Moreover, our experience in integrating various data feeds convinced SPARX to select GAIN."
"We are proud to have been selected by SPARX to supply our technology, helping them to efficiently meet their daily needs in reference data management. The turnkey delivery of our solution enabled SPARX to implement GAIN within only 10 working days. We welcome SPARX as our new GAIN client in Japan," Wilhelm concluded.