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

Recorded Webinar: Building a Semantic Layer for Your Enterprise Data Estate

The democratisation of data has encouraged engineers to think about how to make their data estates more accessible and useable for non-technical business end-users. Translating intention into data action requires careful configuration that enables consumers to mine insight, analytics and value without having to use precise technical terminology. Data engineers achieve this through semantic layers,...

BLOG

Synechron-Cognition Collaboration Seeks to ‘Shift Paradigm’ in Software Creation

The race to harness artificial intelligence to create data products and software for financial institutions is at the heart of a collaboration between consultancy Synechron and technology developer Cognition. New York-headquartered Synechron, which has longstanding expertise in providing software solutions that financial organisations use to transform their operations, has embedded Cognition’s Devin agentic engineering platform...

EVENT

RegTech Summit London

Now in its 10th year, RegTech Summit London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to innovate the compliance function and response.

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...