Source: Asset Control
Asset Control, a leading provider of Centralized Data Management (CDM) solutions to the financial industry, today announced that Paris-based Calyon Corporate and Investment Bank has selected Asset Control’s flagship product, AC Plus, as their centralized data management platform for reference data, corporate actions and pricing data across its financial and commodities markets. The global solution will be implemented in a phased approach, beginning with centralizing the firm’s market data.
"In an extensive vendor comparison, part of our criteria for selecting a data management solution was to find a vendor that could offer a flexible, robust solution capable of centralizing Calyon’s data for the risk, middle and back office, globally across all departments, to underpin our critical business applications," said Louis Tréhondart, Managing Director of Calyon. "Following a thorough analysis of the marketplace, we found that Asset Control’s AC Plus was a cost effective solution to deploy, offering improved business benefits and value, both short and long term."
The solution will manage data from external data sources as well as internal sources, and will include equity, fixed income, foreign exchange, derivatives and commodities data. AC Plus will consolidate the management of Calyon’s reference data, corporate actions, and pricing data. Calyon will additionally utilize Asset Control’s workflow to improve process management, ensuring efficient handling of the data to users and applications. The resulting high-quality consolidated information will be distributed to many diverse applications within the risk, middle and back-office, within Calyon. With a centralized database in Paris, Calyon users globally will access the solution via the AC Desktop.
"Planning to centralize data management globally, across multiple business lines is a significant undertaking. Key in these decisions is having the confidence in the capabilities of the chosen technology and the solution’s ability to provide quality data management. We are pleased to have proven our world-class off-the-shelf solution and our years of expertise to such a prestigious firm as Calyon and are delighted to have them join our family of clients." said Ger Rosenkamp, CEO of Asset Control.