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

A-Team Insight Blogs

DataDirect Technologies Reveals Strategic Plans to Create Data Architecture Platform

Data connectivity and mainframe integration vendor DataDirect Technologies has indicated that it is in the process of developing an integrated platform to tie together its various data products. The vendor is currently mid-way through the development process and hopes to launch the platform near the end of this year.

Anthony Swindells, fellow and senior programme manager of data services at DataDirect Technologies, explains: “We are working towards producing a consolidated offering to provide a unified interface to our solutions. We are developing a data access layer in which to embed our data connectivity, mainframe integration and XML data integration products.” The vendor, which is owned by Progress Software, is championing the concept of data services as an approach for addressing data challenges in SOA. Swindells reckons that data access is often overlooked in an SOA project: “SOA projects often result in data heterogeneity, as data must be accessed from many different places for a number of different purposes and if the access to this data is ignored, then serious problems can occur. This is why a separate access layer should be broken out of the business logic for an SOA project.” Firms who fail to devote sufficient planning to data access issues and attempt to layer a SOA approach on top of their existing data sources can find that providing flexibility above the service abstraction requires complex changes at the data source level, says Swindells. This impedes the agility the firm sought in the first place and undermines one of the core rationales for implementing SOAs. The problems do not end when the SOA project has been finished however, as whenever anything changes – the underlying database, the data model, or the version of the coding environment being used – the data access code must be updated everywhere it appears, he continues. So a system needs to be flexible enough to adapt to these requirements and this is part of the work that the vendor is currently engaged in with regards to platform development. He suggests that firms should employ a data architect to focus on the data access piece of an SOA project in order to avoid these problems. “An abstracted data service is a best of breed SOA. If access is abstracted as data services and the access code moved into supporting infrastructure, then problems can be addressed and changes can be supported throughout the environment in a much more loosely coupled and flexible manner,” he says, and this is where DataDirect Technologies comes in. The firm has been talking about these problems for some time, adds Swindells, and as there appears to be very little in the way of competition in the market, the time seems right for DataDirect to develop a platform to tie its products together. “This approach plays into the master data management (MDM) trend that is happening in the industry,” says Swindells. “Data services enhance flexibility and simplify application development by providing a consistent mechanism for accessing, integrating and updating enterprise data, regardless of where it is stored.” The acquisition of data integration vendor Xcalia in January this year is also part of DataDirect’s plans to provide an integrated approach to data, adds Swindells. “Xcalia, a leader in the development and adoption of the service data objects (SDO) and data access service (DAS) standards, will allow us to answer growing market demand for platform-independent data access to heterogeneous data within SOAs,” he says.

Related content

WEBINAR

Recorded Webinar: Putting data management processes in place for MiFID II

Don’t miss this opportunity to view the recording of this recently held webinar. The January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) is approaching fast, so how ready are financial institutions to meet the directive’s requirements, what data management processes should they be prioritising to ensure compliance, and what outstanding...

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

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...