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Maintrust Selects Gain Data Management for Delivery of SIX Telekurs VDF Data

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Nomura’s German asset management subsidiary, Maintrust, has gone live on Aim Software’s Gain Data Management platform in order to facilitate the automated delivery of static data from SIX Telekurs Valordata Feed (VDF) into SunGard’s V3. Maintrust indicates it decided to upgrade its data management infrastructure as result of rising compliance requirements and an increase in data processing volumes.

Maintrust hopes the integrated solution of SIX Telekurs and Aim Software will allow for the faster and improved introduction of instruments onto the platform. Dirk Anacker, IT coordinator at Maintrust, explains the reasons behind the selection: “Aim Software’s know how in integrating SIX Telekurs data into existing banking applications as well as the maturity of the product, proved to be a decisive factor in selecting Gain.”

The solution comprises of the delivery of VDF data as well as the integration of this data into the V3 banking application by SunGard, says the firm. During the joint project with SIX Telekurs, Aim Software’s first implementation phase consisted of the establishment of a reporting solution for static data and corporate actions. The vendors are currently engaged in the second phase of the project, which includes the installation of the opening interface, and Aim hopes to have this completed before the end of this year.

According to Aim, the connection of Gain Data Management to V3 is the first automated interface for static data to the SunGard banking application. Gain Data Management imports, processes and maps all requested data thus creating new security records directly within the banking application V3, says the vendor. The solution also features the processing of risk and compliance data, which are derived from the raw data provided by SIX Telekurs.

Martin Buchberger, head of marketing and sales at Aim Software, comments: “Our long partnership with SIX Telekurs has led to the joint development and constant enhancement of our SIX Telekurs interface which represents an extensively tested data management solution fully aligned with the further development of SIX Telekurs. This is a big step towards the reduction of implementation costs and risks for other institutions relying on SIX Telekurs.”

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