Welcome!

Java IoT Authors: Liz McMillan, Elizabeth White, Pat Romanski, Yeshim Deniz, Frank Lupo

News Feed Item

OTC Derivatives Spark Need for Buy-side Firms to Revise Data Management Strategies, Finds GoldenSource Survey

OTC Derivatives Spark Need for Buy-side Firms to Revise Data Management Strategies, Finds GoldenSource Survey

NEW YORK and LONDON, June 10 /PRNewswire/ --

- 78 Percent of Respondents State They are Re-Evaluating Data Management Technology to Manage Complex Products More Effectively

The rapid take-up of OTC derivatives and associated business risk, is causing buy-side firms to re-evaluate strategies, even those with well established data practices, according to an international survey commissioned by GoldenSource Corporation (http://www.thegoldensource.com). The research, carried out by A-Team Group, studied trends among buy-side firms in managing instrument data and found that almost eighty percent of asset managers are reviewing their data management strategies due to complex products. A copy of the full report, Buy-side Firms Take a Hard Look at Data Practices, is now available for download at: http://www.thegoldensource.com/buy_side_survey.html

When asked their motivation for re-evaluating data management strategies, 63 percent of the respondents cited growth/scalability as a top priority. This ties in with firms' desire to continue investing in complex products while ensuring they're supported by solid data management practices. Front-to-back office consistency in data handling was ranked as a top priority by 54 percent of respondents, and better management of perceived risk was top priority for 46 percent.

Other key findings of the report include: - The widespread use of reference data systems - 96 percent of buy-side firms have connected their accounting systems to reference data systems, or plan to, in order to get a better picture of exposure; - Need for improved operational efficiency and risk management - almost three-quarters of respondents cited operational efficiency and 68 percent listed business risk as key factors for motivating buy-side firms to centralize data processes; - The growth in popularity of third-party data management - with 74 percent of respondents saying they use or plan to use third-party data management; - Excel is still a fall-back for managing derivatives - 64 percent of respondents said their firms still use Excel to manage OTC derivatives on an ad hoc basis, and 44 percent use it systematically for some applications;

"Before it was 'know your client,' now it's 'know your data'," said Neil Edelstein, vice president of product solutions at GoldenSource. "This research has highlighted three main drivers compelling buy-side firms to re-evaluate their data management strategies: the continued growth in OTC derivatives and the data challenges that brings; the need for more proactive risk management; and a desire for centralized data management to ensure consistency. The sheer volume of data associated with OTC derivatives and the fact that much of it is stored in stand-alone Excel spreadsheets with no centralized data model further compounds the risk factor - and the need for firms to rethink their strategies."

To produce the report A-Team Group held structured discussion with a global sample of senior individuals involved in reference data management at buy-side firms. Geographically, the survey sampled respondents from around the globe, in particular from the U.S., U.K. and mainland Europe (with an emphasis on The Netherlands and Belgium) with the majority of respondents selected from the top 100 asset management firms in the designated regions.

About GoldenSource

GoldenSource makes it easy to manage critical reference data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry. Our innovative products are designed to create, maintain and distribute a trusted Golden Copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organise and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals.

As a pioneer of EDM solutions, GoldenSource powers managed data services via the innovative Powered by GoldenSource(tm) program., Powered by GoldenSource supports outsourced data management services for many of the world's leading global institutions, including IBM, Broadridge, HSBC and OpHedge.

For more information, visit http://www.thegoldensource.com

Notes to the editors

For more information: UK press office Metia Ltd. Daniel Diaz Tel: +44-203-100-3729 Email: [email protected] US press office: Metia Inc Tinne Teugels/Ashleigh Egan Tel: +1-917-320-6458/6454 Email: [email protected]

GoldenSource

For more information: UK press office, Metia Ltd., Daniel Diaz, Tel: +44-203-100-3729, Email: [email protected]. US press office: Metia Inc, Tinne Teugels/Ashleigh Egan, Tel: +1-917-320-6458/6454, Email: [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...