GoldenSource has released the latest version of its Nexus data management platform, giving buy-side firms a single, fully managed source for market and reference data. The platform is designed to help asset managers deal with mounting trade transaction and reporting pressures ahead of the implementation of Markets in Financial Instruments Directive II (MiFID II) on 3 January 2018, and to satisfy other requirements such as funding liquidity and reporting modernisation.
The service enables investment managers to add new data sets, normalise and integrate them with existing data, and make the information available to all systems. It is designed to deal with mounting trade transaction and reporting pressures ahead of MiFID II implementation, and can also satisfy regulatory requirements such as funding liquidity and reporting modernisation.
Prashant Kumar, GoldenSource senior vice president, says Nexus offers access to domains of data including positional data, pricing and instrument terms and conditions. Above this sits GS Objects, a business-friendly layer that enables users to directly map internal and external data feeds.
Kumar says: “What we have now is a lightweight, fully managed, quick-to-implement hosted version of our platform that specifically addresses asset management needs. What’s new is the nimbleness of the platform, fully hosted by GoldenSource, and the ability for the business to control the ingestion, viewing and publishing of data sets.”
GoldenSource says Nexus acts as an all-in-one data management and reporting platform that can interact with existing portfolio and risk management systems. It is designed for a variety of investment managers including hedge funds, insurance asset managers, sovereign wealth funds and corporate treasuries.
Kumar adds: “The amount of regulatory reporting on different products being traded is now at breaking point. All this additional information needs to be identified for each transaction, which leaves a huge amount of counterparty data that now needs to be managed. Nexus makes sure the right information is made available throughout, for example, at the MiFID II reporting stage. The same methodology is also applied to data and processes for pricing, order management, performance attribution, IBOR and risk.”