GoldenSource has announced the launch of its new GoldenSource Nexus data management solution that enables buy-side institutions to remove long-standing IT administration headaches.
A fully managed and hosted service supporting front to back office operations, GoldenSource Nexus allows asset managers to easily scale their existing IT infrastructure in order to add new asset classes and satisfy latest regulations such as MiFID II, Funding Liquidity and Reporting Modernization. With asset managers currently consumed with finding new ways to pay for research and the passive investment revolution, GoldenSource Nexus frees up some much needed headspace.
Commenting on the new solution, Prashant Kumar, Senior Vice President at GoldenSource said: “For too long now, portfolio managers have been bogged down with distracting activities such as having to approach multiple IT people in order download their own extracts from spreadsheets. The true value of any front office lies in the ability to embrace their own processes and workloads. By always putting the right data in the hands of the right people GoldenSource Nexus means IT isn’t an inhibitor to this.”
GoldenSource Nexus also allows investment managers to quickly ingest new data sets, normalize and commingle it with existing data, and have the right data available to all systems, however fragmented. And it can be used for both instrument and issuer level reporting. Strong service level agreements, along with the most secure data centres and fastest connectivity, mean that GoldenSource Nexus has come at an ideal time for the industry, with trade transaction and transaction reporting pressures mounting ahead of MiFID II implementation on January 3rd.
Kumar went on to say: “The amount of regulatory reporting on different products being traded that needs to be done is now at breaking point. All this additional information needs to be identified for each transaction, which leaves a huge amount of counterparty data that now needs to be managed. GoldenSource Nexus makes sure the right information is made available throughout, for example, the MiFID II reporting stages. The same rigorous methodology is also applied to data and processes for pricing, order management, performance attribution, IBOR and risk.”
Available immediately, GoldenSource Nexus allows buy-side firms to leverage a single source for all market and reference data.
GoldenSource’s software, services and expertise enable firms in the financial markets to manage risks, comply with regulatory requirements, and control costs in the middle and back office with a trusted source of complete, consistent information. Its products source, standardise, validate and deliver mission critical market, reference, customer, position and transaction data to the people and systems that need it, such as trading, compliance, risk management, settlements, and accounting. GoldenSource provides automated, enterprise-level processing delivered through a single hosted or on-premise platform, to achieve the highest levels of data quality and operational efficiency.