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

A-Team Insight Blogs

PolarLake Signs Unnamed Asset Management Firm Deal

PolarLake today announced it has signed a deal with one of the world’s leading asset management firms to use the PolarLake Reference Data Distribution (RDD) product as part of its strategic enterprise data management (EDM) programme. PolarLake will enable the firm, headquartered in the US with global operations, to distribute instrument, issuer, pricing, ratings, terms and conditions, standing settlement instructions (SSIs) and corporate actions data across all asset classes in batch and real time to over 30 downstream systems initially.

“The client recognised that an EDM project without a specialised end to end distribution system simply cannot deliver on the promise of Reference Data centralisation,” John Randles, CEO of PolarLake, comments. “The key for this client was PolarLake enabled the breakdown of the barriers between business and IT. Our capabilities to import and automatically execute data mappings, data usage and security data policies provided by the business in Excel format was something they just could not find with incumbent ETL/EAI approaches.”

He continues: “In our pilot, 95% of the requirements were executed directly from Excel. This ends years of frustration in communicating requirements from those that know the meaning of the data best of all but was lost in documenting, coding and line drawing in traditional integration technologies. These features, together with our out of the box industry interfaces and domain specific operations capabilities made the PolarLake proposition very compelling.”

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Bloomberg Offers Market-Implied Probability of Default Product to Enterprise Data and Terminal Clients

Bloomberg has made its Market-Implied Probability of Default (MIPD) product, a market-driven creditworthiness indicator, available to both Enterprise Data and Bloomberg Terminal clients globally. MIPD enables clients to incorporate creditworthiness metrics within existing workflows for a more holistic approach to credit risk management. The product provides clients with a highly responsive, transparent, daily credit risk...

EVENT

Data Management Summit Europe Virtual

The Data Management Summit Europe Virtual brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...