Asset Control’s AC Plus Adopted by Scotiabank for Reference Data Management and Pricing

New York, NY, USA - 16 March 2011

Asset Control today announced that Scotiabank – headquartered in Toronto, Canada – is going live with the AC Plus financial data management solution for managing security reference data and end of day pricing.

Scotiabank selected AC Plus to centralize security master and end of day pricing data content to support core business applications. The Phase 1 solution captures North American and Latin American equities data from multiple sources.

Rob Ord, director and head of data management at Scotiabank, said, “AC Plus’ off-the-shelf capabilities, particularly its data model, feed handlers and operational interface for data analysts, meet our requirements for standard functionality and also provides us with the ability to customize various elements to support our unique business needs.”

Phil Lynch, president and chief executive officer at Asset Control, said, “Many multinational banks such as Scotiabank are opting for consolidated, centralized data infrastructures in order to meet a diverse set of business requirements. We are pleased that Scotiabank has placed its trust in Asset Control to develop a shared data management framework that can help reduce time to market for new business initiatives and provide optimal use of data across the organization.”

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