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

A-Team Insight Blogs

Threadneedle Asset Management Deploys DataNet Based on Eagle Investment Systems’ Product Suite

Subscribe to our newsletter

U.K. investment manager Threadneedle Asset Management is implementing a one-stop data hub for corporately shared data, under its Investment Information Services (IIS) business unit. The system – to be called DataNet – will use a range of Eagle Investment Systems Corp.’s reference data and portfolio management solutions.

The DataNet project is aimed at establishing a single distribution platform that will support the needs of all of Threadneedle’s business units. “We aim to provide high-quality data and information services to client departments across our investment process and want to ensure the recent investment in business systems for fund managers, compliance, and for our distribution business are running on premium information,” says Mark Stancombe, head of IIS at Threadneedle. For managing data across the enterprise, DataNet will make use of the Eagle Reference Manager, a security reference data management, validation and workflow system. In addition, Threadneedle plans to use the Eagle Pace data hub and portfolio management system, the Eagle Message Centre and Eagle Portal systems. The DataNet platform is aimed at ensuring data consumed by investment process applications is consistent and received in a standardized manner. “The project has been carefully scoped to enable Eagle Pace to provide the framework that will help Threadneedle to achieve its objectives with regards to core investment data management,” says Dave Carter, head of IT architecture at Threadneedle. DataNet will provide data quality and consistency to several internal systems, including LatentZero’s front-office trade order management system and DST International’s HiPortfolio system, as well as analytical applications used by the firm’s quantitative analysts. Threadneedle believes it will get a faster return on investment by implementing a vendor’s product set, rather than attempting to build the DataNet framework internally. This approach, according to Carter, will “mitigate business risks and underpin much improved client service.” Eagle Pace integrates data from more than 75 sources, including trading, analytics, pricing and accounting applications, providing the firm with a consistent view of its investment data. The Eagle Pace hub approach to data integration enables organizations to extract, clean, enrich and distribute data to meet all the dynamic reporting and information requirements of the enterprise. Eagle’s Reference Manager is designed to help firms simplify management and distribution of information via a centralized data repository. This can yield returns due to reductions in data management issues, exceptions created by manual processes, and operational costs. It also can improve operational efficiencies through inherent workflow and automation tools. Threadneedle, a subsidiary of American Express, is the U.K.’s third-largest investment management company, with more than £50 billion under management.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

Date: 8 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away....

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

RegTech Summit New York

Now in its 7th year, the RegTech Summit in NYC will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...