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NRW Bank implements BSP ProDB market data engine

Source: BSP ProDB

In October 2006 NRW.BANK consolidated all data related to its internal securities such as promissory notes and commercial papers in the Market-data engine BSP ProDB.

Until then this data was maintained in parallel in several systems. Thanks to the aggregation of data in BSP ProDB, NRW.BANK could reduce the effort necessary to enter and maintain the data and at the same time, improve the quality of the information.

This is a further milestone to replace the system "Wagner-Gattung". Via the flexible export interface of BSP ProDB step by step all systems of the bank are connected to BSP ProDB.

Since November 2005 those NRW.BANK has already been monitoring all the official securities in BSP ProDB, the data of which is supplied by the German WM (Wertpapiermitteilung).