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TAPMaster 2.1 centralises reference and market data

11 October 2004  |  491 views  |  0 Source: TAPMaster

TAP Solutions today announced the introduction of the TAPMaster data management platform, version 2.1., built on Microsoft's enterprise platform technologies.

TAPMaster provides a low cost, out of the box data management capability servicing business functions from the back to front office, enabling financial institutions to streamline critical operations and create the faster time to market needed to maintain competitive advantage.

The inclusion of market data vendors to SWIFT's many services provides institutions with the ability to consolidate their straight through processing (STP) strategies. By leveraging TAPMaster, institutions of all sizes can deploy a fully populated data model to serve as the hub for an enterprise wide STP solution. One of the world's largest investment banks is among enterprise customers already running this solution in a mission critical environment.

"TAPMaster's ability to acquire, standardize, and deploy market and reference data is of tremendous importance to SWIFT and their members," says Kenny McBride, Microsoft's Managing Director for Securities and Capital Markets. “Reducing and eliminating manual interventions, mis-named or mis-priced securities, and the general quagmire of vendor feed contracts and maintenance significantly increases operational efficiencies, thus enhancing STP as well as reducing both risk and cost.”

Using Microsoft's .Net platform and leveraging the power of Windows and SQL Server, TAPMaster addresses the core stumbling block to achieving STP - the ability to standardize market data. With an extensive list of feeds that includes Bloomberg, FTID, Reuters, and Telerate, TAPMaster provides a single consistent resource for acquiring market and reference data content. Coupled with the data available from the SWIFT network, TAPMaster provides an open platform for deploying mission critical data to business users as quickly as possible.

"By definition, SWIFT members are very demanding users of market and reference data - both what's available from vendors as well as their own proprietary information," says TAP's EVP of Products, Marc Alvarez.
“TAPMaster provides the ideal environment to integrate this significant variety of content onto a single, consistent, and high performance platform and get it to business users through today's most popular interfaces such as browsers and Excel. Microsoft's technology combined with Tap's application gives our clients the time to market they need to streamline their current operations and compete effectively in today's global financial markets."


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