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

Bloomberg PolarLake Adds Corporate Actions and Index Data to Data Management Utility

Subscribe to our newsletter

Bloomberg PolarLake has added corporate actions and index data services to its data management utility, which already manages reference, ratings, pricing, position, trade and legal entity data on behalf of both buy-side and sell-side customers.

The corporate actions data service is based on data feeds from the company’s data vendor partners, data sourced from custodians over the Swift network, and Swift messaging based on industry standards ISO 15022 and ISO 20022. The service cleanses corporate actions data and raises alerts in relation to a defined universe of securities of interest. Corporate actions can be linked to other datasets such as securities or entities, and upcoming events can be flagged.

John Randles, CEO at Bloomberg PolarLake, explains: “As we built out the PolarLake data management utility, we wanted to make sure data was of high quality across all datasets. To ensure this, we needed to develop a corporate actions service to keep datasets in sync and create the best data masters.”

The service can be used as a stand alone product or with other PolarLake datasets, and has attracted half a dozen customers since it was introduced late last year.

The company’s index data service was added to the utility early this year and provides a managed service that onboards, formats, maps and scrubs index data from both data vendors and non-public sources. The data can be linked to other datasets such as security master and underlying data, and integrated with consuming applications.

Randles comments: “Index data will be huge this year. We already have significant interest in the index data service and a few clients have signed up.”

Looking at the broader progress of the PolarLake data management utility, Randles says it has a full set of datasets for both the buy-side and sell-side, although more will be added in response to customer requirements. To date, over 30 customers around the world are using the utility and more are expected to join as they move away from deployed software in search of solutions that can simplify and reduce the cost of data management.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to harness the power and potential of ownership data

The importance of ownership data has escalated over the past few years as financial institutions have acknowledged its potential. Key use cases include integrated risk assessment, which uses ownership data to help financial institutions gain a clear understanding of supplier and customer networks, and identify and mitigate risk. Equally significant is the use of ownership...

BLOG

Alveo Integrates QuantLib into Ops360 to Deliver No Code Curve Builder Capabilities

Alveo, a provider of cloud-based market data management services, has extended its Ops360 data operations solution with the integration of QuantLib for advanced analytics. The functionality allows any appropriately permissioned business user to drag and drop input data sets into functions and set parameters to derive data and kick off the calculation of curves and...

EVENT

A-Team Briefing: Cloud Innovation for Data Ops

This Innovation Briefing will explore approaches to data infrastructure transformation, technologies required and how to make sure processes are optimised to support real time data management. Hear from leading practitioners and innovative technology solution providers who will share insight into how to set up and leverage your data infrastructure to provide user access to consistent data and analytics, and companies the ability to monetise their data.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...