Reference data platform provider GoldenSource Corp. has picked up another client, following a string of implementations and new contracts over the past several months.
The new addition is fund operations and administration service provider OpHedge Investment Services, which has licensed the GoldenSource Securities & Products and GoldenSource Positions modules. OpHedge hopes the GoldenSource platform will help it consolidate its company-wide data systems and establish a reference data standard across the enterprise.
According to Jeff Li, chief technology officer at OpHedge, “GoldenSource solutions allow us … to achieve the same level of functionality as global financial institutions. Our clients demand this type of investment in our capabilities.” OpHedge, based in Rye Brook, N.Y., provides middle- and back-office solutions to the alternative investment management industry.
GoldenSource Positions and GoldenSource Securities & Products are two of the company’s so-called enterprise data management (EDM) product offerings.
Positions focuses on tapping proprietary data residing in multiple systems across the firm, while Securities & Products offers a centralized data management platform for reference data.
This is the latest in a string of new business for Goldensource. Recent client wins include CIBC World Markets, Aozora Bank of Japan and HSBC.
The company, along with SunGard and IBM, led the development of the EDM Council last year and recently installed former FISD chief Mike Atkin as managing director of the group.