Xenomorph has added S&P Capital IQ to the list of data vendors it works with to provide connectors between data solutions and its TimeScape analysis and data management platform. The connectors enable data integration and allow commingling of multiple data sets from different sources, in support of applications such as dual sourcing of price information.
Xenomorph has developed connectors to about 30 data providers, among them Interactive Data, SIX Financial Information, Bloomberg and now S&P Capital IQ. Development of the S&P Capital IQ connector was instigated by Xenomorph users with the connector providing most of the data vendor’s enterprise data solutions including fundamentals, valuations, reference data and cross-referencing services. The connector allows users to integrate S&P Capital IQ content into TimeScape more efficiently, avoiding multiple integration projects and validating the date in the TimeScape environment.
According to Brian Sentance, CEO of Xenomorph, “Traditionally, people have looked at data as being separated into asset classes and types. Pulling many different datasets together is difficult, particularly for business people. As markets have evolved, people want to look at data as a whole to find trading opportunities, manage risk and meet regulatory requirements. This desire prompted us to work to integrate fundamental, reference and market data for our clients. Using our connectors, data is more shrink-wrapped and ready to run. It is easier for clients to consume the data and they can commingle different datasets on the TimeScape platform and use dynamic data rules to switch between data suppliers.”
Rui Carvalho, managing director of S&P Capital IQ Enterprise Solutions, adds: “Our agreement with Xenomorph allows easier data assimilation into the client’s internal systems by commingling various S&P Capital IQ datasets into one unified framework. It means clients can spend less time on integrating and validating data, and focus on extracting value from it more efficiently.”
The connector includes data mapping and a data model, and is implemented using Microsoft SQL Server Integration Services, a technology that Xenomorph is migration to from proprietary technology for data extract, transfer and load, as well as for data integration. The company’s aim is to standardise its solutions around industry standards being adopted in the market.
Xenomorph has about 40 clients, about 50% of which are investment banks, 20% asset managers and 20% hedge funds, the result being insurance companies and niche firms. Sentance expects the majority to be interested in the S&P Capital IQ connectivity, which is in production.
He adds: “Connectors for different data vendors are off-the-shelf solutions and can be configured around what the client wants to do. The interface is easy enough for clients to implement themselves and if a client wants another connector we will build it and shrink wrap it.”
From S&P Capital IQ’s point of view, this relationship with Xenomorph extends previous work around specific content and provides an additional means of distributing its enterprise data solutions. Tim Walker, managing director of channel sales and strategic alliances at S&P Capital IQ, concludes: “We will jointly market this pre-built value proposition, targeting mutual clients and prospects.”