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: Driving business value from the LEI

Don’t miss this opportunity to view the recording of this recently held webinar. The Legal Entity Identifier (LEI) has become a viable standard to help financial institutions identify business entities that are party to financial transactions and fulfil regulatory obligations for entity data. Linked to third-party, corporate hierarchy and beneficial ownership data, the potential of...

BLOG

Blackmore Capital’s Collaboration with OTCfin Completes Integration of ESG Factors into Investment Process

Blackmore Capital, a Melbourne-based asset manager set up in 2018, and New York-based OTCfin have completed the integration of ESG factors with financial data for all Blackmore portfolios. By incorporating ESG factors into Blackmore’s investment process, OTCfin’s risk and regulatory reporting solution will help the asset manager’s team improve portfolio monitoring from both a financial...

EVENT

Data Management Summit London

DMS London brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...