The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Benelux’s Petercam Goes Live with KEYdata from Sterci for Centralised Data Management

Switzerland-headquartered STP software vendor Sterci says Benelux-based private banking and asset management institution Petercam has been using its KEYdata solution for reference data management since January 2008.

Sterci is known less as a reference data specialist than as a provider of trade process automation solutions – though it also boasts Euroclear Bank as a KEYdata client, using the solution for multiple source data integration. While EDM vendors such as Asset Control and GoldenSource have grabbed much of the limelight when it comes to reference data centralisation, Sterci is one of several vendors (including Coexis, Eagle Investment Systems and Odyssey) making headway offering reference data capabilities as part of broader trade process automation offerings. Indeed, the next stage for Petercam will be to implement Sterci’s Stematch solution for cash and securities positions reconciliation and exception management.

KEYdata is being used by the Petercam Group for centralising reference data on market instruments. The data received from various sources is controlled, validated and sometimes aggregated before being published on its Tibco Rendezvous middleware, which connects all its front-to-back business applications.

According to Philip De Ridder, Petercam board member, and Benny De Ridder, responsible for reference data management at Petercam, the firm assessed three possible systems. KEYdata came out on top as the most comprehensive solution, enabling Petercam to handle multiple sources of data and to extract the data from the back office application for centralised management. The project was completed in nine months with a team of business analysts and IT specialists. The project approach and the business expertise of Sterci “enabled us to meet the tight timelines in order to comply with MiFID and Belgian securities dematerialising”, Petercam says.

KEYdata provides multiple connectors to select and collect data in various formats, with embedded tools to transform the data into an internal standard.

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

How to Use Chatbots and Collaboration Tools to Improve Automation and Deliver On-Demand Data

Digital transformation in the financial services sector is forcing a rethink in how financial institutions access the data they need to support trading and investment activities. While traditional bulk data distribution arrangements are well suited to large sell-side institutions, they can be costly and lack flexibility for firms from large Tier 2 sell-sides down to the...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

The Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...