About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadridge to Target Counterparty Data

Subscribe to our newsletter

Having teamed with GoldenSource and IBM for the initial launch of its global managed reference data solution to provide instrument reference data (Reference Data Review, May 2007) Broadridge Financial Solutions, formerly ADP Brokerage Services Group, is leveraging the expertise and functionality that exists in the GoldenSource product to launch a counterparty data service in Q1 of 2008, according to the vendor.

Commenting on the intention Richard Stumm, vice-president of business development, Broadridge Financial Solutions, says: “We believe that both instrument and counterparty reference data are key pre-requisites for enterprise data management (EDM) and specifically enterprise credit/risk management.

“By way of an example, one of the key drivers for EDM is enterprise risk management and counterparty risk is a critical component of a firm’s risk controls.

Having the ability to go from issue, to issuer, while understanding the hierarchical relationships with a counterparty’s legal entities is what is required in this space,” he adds.

Having been part of Broadridge’s strategic partnership plan from the start, according to Stumm, progress is being made on the second phase of the offering having created a strategic partnership and built a hardware and software platform in its Tier 4 Data centre. Earlier this year, Broadridge started looking at vendors providing counterparty data solutions and the key pieces of the development that remain include the finalising of partnership agreements with appropriate data vendors and the execution of a proof of concept.
Stumm says that with the new offering: “Clients will have a centralized ‘managed’ service for gathering, scrubbing and distributing a consistent definition of a counterparty across their enterprise.

A task that is a commoditised function within a firm can be outsourced, allowing the firm to concentrate on those things that differentiate themselves in the marketplace.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

A-Team Launches Inaugural AI in Data Management Summit New York City

Artificial intelligence-led applications offer financial institutions the potential to do more with their data at a time when increasingly complex economic and geopolitical influences place extraordinary operational pressures on them. The technology is now being applied to all parts of an organisation, from asset and risk management to customer relationship management and regulatory compliance. A...

EVENT

Eagle Alpha Alternative Data Conference, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...