Sterci, the international software vendor of STP solutions, announced today that Petercam has been successfully using its technology KEYdata for reference data management since January 2008.
KEYdata is used by the Petercam Group for centralizing reference data on market instruments. The data received from various sources is controlled, validated and sometimes aggregated before being published on their Tibco RV middleware that connected all front-to-back business applications.
Philip De Ridder, Petercam Board member and Benny De Ridder, responsible for reference data management said: "After assessing three solutions, KEYdata has come out on top as the most comprehensive solution, enabling Petercam to handle multiple sources of data and to extract the data from the back-office application for centralized management. The main objective was to fulfil the data requirements used by front-to-back business applications. The project was completed in nine months with a team of business analysts and IT specialists. The project approach and the business expertise of Sterci in this field was key facing this challenge and has enabled us to meet the tight timelines in order to comply with MiFID and Belgian securities dematerializing. The implementation of KEYdata Integrator and Repository is enabling Petercam to improve the quality of its reference data, to facilitate maintenance, and to master the complexity of data management while reducing costs and risks."
Etienne Savatier Marketing Director at Sterci and Maria Bravo in charge of the Benelux market add: "We are delighted to work with Petercam as a solution partner for their strategic project. Thanks to KEYdata, we have built a centralized master file for reference data management. KEYdata is a key component of their information system for achieving STP and reducing operational risk. The next stage is the implementation of STEMATCH for cash and securities positions reconciliation and exception management."