US hedge fund Citadel Investment Group is deploying Asset Control's AC Plus software to centralise management of securities data.
The implementation will consolidate management of high volumes of time-series price, reference and corporate actions data to serve diverse applications and users.
David Hirschfeld, MD of IT, Citadel, comments: "We trade in a wide range of markets and the Asset Control Platform will allow us to support trading, research and operational activities across these markets for a diverse range of internal users more effectively."
Hirschfeld says the AC product was the most complete in terms of front to back solutions - with vendor feed sourcing, arbitration/work flow engines, user-friendly client interface and an open architecture.
Furthermore, Citadel will work with Asset Control on further enhancements to the vendor's product suite which will be incorporated into future releases of the AC Plus data management platform.