GoldenSource and FT Interactive Data Pioneer Standard Data Delivery Across the Financial Enterprise
June 20 2005 - 8:30AM
Business Wire
The first to promote standard data delivery format via MDDL
enabling increased operational efficiency and straight-through
processing GoldenSource(TM) Corporation, a global software provider
of Enterprise Data Management (EDM) solutions to the securities and
financial services industry, today announced a strategic alliance
with FT Interactive Data, the major operating subsidiary of
Interactive Data Corporation (NYSE: IDC) and a leading supplier of
financial information to global markets. This collaboration, along
with The Financial Information Services Division (FISD),
facilitators of MDDL, brings data standards to financial services
firms, promoting data interoperability and the integration of data
from multiple sources. GoldenSource and FT Interactive Data worked
together to produce an integrated global reference data solution -
the GoldenSource MDDL Connector for FT Interactive Data, based on
MDDL that delivers client and security master repository data. The
built-in connector maps the data element of the FT Interactive Data
feed into the required format. Both companies have been active
participants of the FISDMDDL since its inception in 2001. "The
GoldenSource MDDL Connector for FT Interactive Data is the only
combined solution based on MDDL," says Bob O'Brien, vice president
product management, GoldenSource. "It provides financial
institutions the ability to receive data and publish from a single,
consistent, centralized source, ensuring uniformity across
applications using an industry standard for identification. The
connector further supports an EDM strategy by eradicating poor data
management and missed opportunities. This is the first step towards
making all data feeds interoperable." MDDL defines a publicly
available standard that provides a generic XML-based interchange
format on the fields needed to describe: financial instruments
(including identifiers and currenthistorical values); corporate
events (including specific corporate and instrument information
affecting the value and tradability) and market related information
(including economic and industrial indicators). GoldenSource and FT
Interactive Data also work with ISO 15022 standards to establish a
standard delivery for corporate actions data. "By providing our
data in industry-standard formats such as MDDL and ISO 15022, we
continue to meet the various delivery requirements of our
customers," said Marty Williams, vice president, FT Interactive
Data. "With the XML standard MDDL in place for our connector to
GoldenSource, the connection is certain to be a robust one. By
utilizing the ISO 15022 standard for corporate actions data, FT
Interactive Data is able to access existing interfaces, thus
minimizing the need for additional programming. GoldenSource, for
example, is able to process our ISO 15022 data using an existing
connector." The GoldenSource MDDL Connector for FT Interactive Data
helps complete the MDDL dictionary. By standardizing input feeds
for data warehousing and the output methods by which client
applications can request the data, the connector will automatically
map the data from FT Interactive Data to operational functions. The
companies' mutual clients and prospective clients will benefit from
inbound and outbound data comprehension. About GoldenSource
GoldenSource Corporation is a global software provider of
Enterprise Data Management (EDM) solutions and is a proven software
solution in use at leading global financial institutions.
GoldenSource standardizes and consolidates a company's data from
both disparate market vendors and a multiplicity of silo
transaction systems to become the single enterprise data source
supplying consistent data to all the institution's transaction and
decision systems. GoldenSource's EDM solutions improve information
quality and efficiency that deliver a substantial return on
investment. GoldenSource and its certified partners provide a wide
range of implementation and support services to ensure initial and
continued success. GoldenSource is dedicated to the business
principles of delivering what is promised ensuring that its
customers are its best references. For more information, visit
www.thegoldensource.com or email info@thegoldensource.com About FT
Interactive Data FT Interactive Data is a leading provider of
financial information and analytical software to global markets. FT
Interactive Data supplies global securities pricing, evaluations,
dividend, corporate action and descriptive information designed to
support mutual funds' pricing activities, securities operations,
research, and portfolio management. The company collects, edits,
maintains, and delivers data on more than 3.5 million securities,
including daily evaluations for more than 2.5 million fixed income
issues. FT Interactive Data specializes in "hard-to-value"
instruments and "hard-to-get" information from emerging markets.
Through CMS BondEdge, an affiliate of FT Interactive Data, the
company is a recognized leader and independent source of fixed
income portfolio analytics, risk management tools and quantitative
research. FT Interactive Data is the major operating subsidiary of
Interactive Data Corporation (NYSE: IDC), a leading global provider
of financial and business information to institutional and
individual investors. Headquartered in Bedford, Massachusetts,
Interactive Data Corporation has approximately 1,800 employees in
offices throughout the world. To learn more, visit us at
www.FTInteractiveData.com. Interactive Data Corporation is
approximately 60 percent owned by Pearson plc and included within
its Financial Times Group. Other Financial Times Group companies
include the Financial Times newspaper, FT.com and Financial Times
Business. Pearson plc is an international media company with market
leading businesses in education, business information and consumer
publishing.
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