Reuters has won a contract with the Shanghai Stock Exchange (SSE) to build an enterprise-wide data warehouse to improve the stock market's management of financial information.
Under the agreement Reuters Consulting will design the SSE data warehouse technology platform, which includes multi-language capability and an integrated collection and storage database for company fundamental data.
Scheduled to be completed by 2002, the data warehouse will enable SSE to access and analyse cross-asset financial data including trading transactions, information on listed companies and member companies, surveillance data and historical trading data.
The framework is based on an open architecture using standardised technology such as Online Analytical Processing (OLAP) and Extract-Transform-Load (ELT).
James Liu, executive vice president, SSE, states: “While China adjusts to the post-WTO transition, the SSE partnership with Reuters will bring about financial solutions and services that can meet the challenges of the fast changing China capital market.”
Financial terms of the deal were not disclosed.