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

Arcesium Warns of Data Crunch as US Pension Funds Boost Private Market Bets

Blackstone’s launch of a business unit dedicated to the creation of products that give US pension funds access to private markets has raised the data challenge for many established investment managers. Blackstone is seeking to win pension trustees over to an investment space they had traditionally been wary of or have been restricted from entering...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...