German investment firm Union Investment has chosen technology from Asset Control International to centralise the management of securities pricing data.
The new system will replace several in-house data management systems with a single centralised platform. The platform will also generate benchmarks and indices for performance measurement, fund administration and portfolio management, says the company.
The platform has been installed at the investment firm and vendor interfaces are currently being built and tested.
K. Westerfeld, project manager, Union IT Services, says: "This project was conceived to bring efficiency and control in our market data management, as well as supporting transformation of the data into complex benchmarks and indicators. Asset Control was the only company who could meet our total requirements."