Asset Control upgrades data management system

Source: Asset Control

Asset Control, a world-wide leader in financial data management solutions, announced today that it has enhanced its TAPMaster data management solution by introducing support for portfolios, swaps and money market derivatives, and support for Markets in Financial Instruments Directive (MiFID) reporting data.

Additional enhancements to TAPMaster include data connectivity to Princeton Financial Systems' PAM portfolio accounting system, and capturing real-time tick data from the Reuters pricing data network.

Asset Control has also been recertified by Microsoft Corp. for the third consecutive year as a Gold Certified partner, the highest level in Microsoft's international partner program, having met Microsoft's stringent requirements for staff certification, product tests and customer reference checks to maintain its Gold Certified status.

Phil Lynch, Asset Control's president and chief executive officer, said, "The need to provide support for a firm's own portfolio data is becoming increasingly important to buy-side institutions. TAPMaster provides a rapid, flexible approach to consolidating editable and publishable data by allowing users to access the capability using the firm's own content and fully visible through TAPMaster data model. This functionality appeals greatly to hedge funds and other firms trading a wide range of instruments beyond equities and fixed income products, and requiring aggressive expansion of content and market entries. In addition, our recertification as a Microsoft Gold Certified partner ensures continued, reliable delivery of relational data services on the Microsoft platform, designed to support the complexities of financial services firms operating in capital markets."

TAPMaster's support of portfolio data includes ownership, security and cash positions over time, transactions and associated trader information, distributions, and accounting valuations. The new release also includes enhancements to currency exchange deals and derivative contracts, interest rate derivative contracts, forward rate agreements, swaps contracts, swaptions contracts and credit default swaps.

Data connectivity with Princeton Financial Systems' PAM for Securities system gives TAPMaster the ability to provto provide security master, market and corporate actions data directly to the PAM system for use in portfolio management and valuation. In addition, the connectivity allows TAPMaster to store portfolio position and trade information created in PAM for portfolio analysis and reporting.

TAPMaster now captures securities price data from the Reuters network using the Reuters 3000 Feed Manager. This provides firms with the ability to capture prices in real-time from all asset types from hundreds of worldwide pricing sources and share that data throughout the firm in a consistent manner. When consolidated with Reuters DataScope Equities data in TAPMaster, firms can get a full view of securities, including all descriptive data about the securities, corporate actions, end-of-day and intraday market prices from a single source.

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