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: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Surge Argues for Enterprise-Grade Lineage: Webinar Review

The ingestion of growing volumes of data into financial institutions’ systems is posing a pressing challenge as data managers seek to optimise their data lineage, according to the latest A-Team Group webinar. Being able track data as it enters and is distributed within organisations is essential for prising the most value from that information. However,...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

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,...