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

GoldenSource Integrates eXtremeDB to Speed Up Regulatory Response

Subscribe to our newsletter

GoldenSource has integrated its Risk Master platform with McObject’s eXtremeDB to deliver an enterprise data management (EDM) solution capable of responding to regulations demanding fast access to vast data volumes. Initial use cases of the integration include compliance with Fundamental Review of the Trading Book (FRTB) regulation and the best execution elements of Markets in Financial Instruments Directive II (MiFID II). The integration also supports tick filtration, allowing users to mine intra-day tick data to generate golden prices.

The company looked at a number of products that could improve its data management performance for regulation and selected McObject’s ultra-high-speed eXtremeDB technology on the basis of its speed and reliability in handling large, complex time series datasets. The database also includes statistical techniques for calculations using time series and tick data.

An early use of eXtremeDB accelerates the FRTB solution based on Risk Master that GoldenSource brought to market late last year. The solution supports both standard and internal model approaches for calculations of market risk capital requirements and reporting as set down in the regulation.

Charlie Browne, head of market data and risk solutions at GoldenSouce, says: “EDM platforms are great for data analysis, but from a performance perspective for regulatory compliance we knew we needed to take a low-latency approach. Regulations such as FRTB require market risk departments to analyse over 10 times more time series market data than before, so a huge amount of processing power will be needed to be compliant. As well as speed and the ability to process large quantities of data, clients require richer datasets for golden price generation, which is what eXtremeDB will help us do outstandingly well.”

As well as supporting FRTB compliance, MiFID II best execution and tick filtration, Browne says the integration framework provides 80% of the data management requirement for compliance with regulation BCBS 239.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: From Data to Alpha: AI Strategies for Taming Unstructured Data

Unstructured data and text now accounts for the majority of information flowing through financial markets organisations, spanning research content, corporate disclosures, communications, alternative data, and internal documents. While AI has created new opportunities to extract signals, many firms are discovering that value is constrained not by models, but by the quality of the content, architecture,...

BLOG

FpML to DRR: TradeHeader’s Journey to the Heart of Regulatory Data Standards

Digital Regulatory Reporting (DRR) has gained momentum as the industry looks to replace fragmented, firm-specific interpretations of reporting rules with a shared, machine-executable model that consistently links regulatory requirements to the data used to fulfil them. Rather than relying on templates, local mappings and bespoke logic embedded deep within legacy systems, DRR provides a common...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...