Japanese investment bank Daiwa Securities has licensed Financial Technologies International's (FTI) StreetReference product to centralise and streamline reference data management across its European operations.
Daiwa Securities will use the StreetReference system to centralise all of its European data, including client and securities reference information, on a multi-lingual, multi-currency platform.
StreetReference is a Web-enabled, front end that can be configured by the user to facilitate both simple and complex data queries and database management. The system includes a repository for securities, which consists of pricing and financial institutions information as well as corporate actions declarations, and a repository of customer data which contains accounts, organisation and employee information as well as data relating to other parties such as custodian and paying agents.
Graeme Muirhead, executive director of technology, Daiwa Securities Europe, says the product will provide a scalable centralised reference data platform to support the bank's business in Europe now and into the future.
The contract includes implementation and on-going support and maintenance from FTI's professional services group.