The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DataContent and Hat Trick Software Announce Exclusive Joint Venture and the Release of DataCompass

DataContent and Hat Trick Software today announced an exclusive joint venture partnership together with the launch of DataCompass, a new software capability providing financial institutions with superior information and market data management. DataCompass tracks and identifies data utilisation by all users and applications within an organisation irrespective of data source or delivery mechanism.

Michael Paull, CEO of Hattrick commented: “DataCompass offers unique capabilities. For the first time, financial institutions have end-to-end visibility of all sources of data use, whether end users are registered or otherwise.”

DataCompass functionality captures instrument and market data usage throughout the business hierarchy from user to global levels. One of its many unique features is the ability to identify and track derived data usage, a complex, opaque, and constantly evolving licensing and rights issue.

DataCompass goes beyond conventional inventory logging systems by acting as a strategic application providing robust compliance with all IPR sources, data vendor licences, contracts and usage policies. Coupled with DataContent’s in-depth strategic business level analysis of data usage, this ensures all aspects of market data sourcing, selection and deployment are comprehensively covered.

Rafah Hanna CEO of DataContent added: “The tsunami of information and market data needed to trade effectively in today’s complex trading environment is expanding exponentially. Managing the tidal wave of market data requires a fully automated capability delivering a complete register of all sources of data usage. Financial institutions must understand what information they are using, why they are using it and how market data can be managed to benefit the bottom line. This is what DataCompass delivers.”

DataCompass is patent protected both in the United States and internationally, with the US patent application having been published on 21st July 2011. The product is entering final testing at two proof-of-concept customer sites and is expected to be made generally available by mid-October.

Related content

WEBINAR

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2020

A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...