A-Team Insight Blogs

Nascent Exchange IPSX Implements GoldenSource Cloud EDM Platform

Share article

The International Property Securities Exchange (IPSX) is working with GoldenSource to implement the software vendor’s cloud-based enterprise data management (EDM) platform ahead of its planned launch towards the middle of this year.

The exchange still needs approval from the Financial Conduct Authority, but expects to be the first regulated exchange dedicated to the admission and trading of securities in commercial real estate assets. As a new exchange, IPSX is keen to operate with minimal technology infrastructure and has opted for cloud solutions for both data management and trading. The GoldenSource solution will store all the exchange’s datasets, including property securities and member firm information, and support market data and workflow processes for admission to trading. It will also handle reference data reporting for new securities.

IPSX selected GoldenSource in a competitive bid based on its work with exchanges – including the Australian Stock Exchange and Moscow Exchange Group – and its breadth of data coverage, flexibility and on-demand platform.

Cyril Théret, CEO at IPSX, says: “We were looking for proven technology that could meet all the needs of a new exchange. The wide-ranging data that can be managed by GoldenSource made it a stand out choice. Also, due to the flexibility of a hosted platform, any IPSX administrator can identify and quickly add new datasets. This will be invaluable as the exchange grows.”

With the exchange needing a data management solution for everything from Know Your Customer due diligence to audit and pricing, Neill Vanlint, managing director of EMEA and Asia at GoldenSource, describes the IPSX implementation as a 360 EDM solution with the benefit of support for both originating and mastering data.

Looking forward, Vanlint expects the cloud version of its EDM platform to find increasing favour with new and existing clients this year – about 50% of its contracts already require managed services – and says the company is well placed to support clients facing data management changes presented by regulatory compliance with Markets in Financial Instruments Directive II (MiFID II) and the Fundamental Review of the Trading Book (FRTB). GoldenSource released version 8.7 of its EDM platform last year, including support for extended regulation, and is now building additional capability to store tick data required by FRTB on the platform.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Best Practices for Integrated Regulatory Reporting Across Multiple Jurisdictions

The regulatory reporting obligations of financial institutions have mushroomed in scale over the past decade, leaving firms facing a raft of different requirements to provide increasingly granular metrics on their transaction, valuation and collateral data to a number of regulatory authorities. While many of these reports draw from the same core data set, the nuanced differences...

BLOG

Unravelling AML Technology to Tackle Compliance and Mitigate Risk

By Niall Twomey, Chief Technology Officer, Fenergo. Recent research on financial institution fines revealed that, since 2008 global penalties have reached $36 billion for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. That is a 160% increase since our last fines analysis report, in September 2018, highlighting the unrelenting and costly march...

EVENT

RegTech Summit London

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...