About a-team Marketing Services
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

Upcoming Webinar: Building and Scaling Data Products and Marketplaces to Deliver ROI

Date: 10 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Financial institutions hold some of the richest data in any industry, but much of it is hard to find, hard to trust and slow to reach the teams that need it. As they scale their AI and analytics programmes,...

BLOG

MSCI’s First Street Acquisition to Fill Climate Risk Gap for Investors

Data, ratings and analytics giant MSCI is betting its latest acquisition will enable investors to close the gap between perceived climate risks to their physical assets and disclosures about the impacts that severe weather is actually having on them. First Street’s global data feeds use environmental, geospatial and satellite technology to detail the vulnerabilities of...

EVENT

Data Management Summit, New York City

Now in its 17th year, Data Management Summit (DMS) NYC returns in September 2027, to explore how to use data and AI to drive measurable business outcomes - reliably, repeatedly and at scale.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...