Xenomorph, leaders in data and analytics management, today announced that ProCapital Securities Services, the French securities services company, has selected Xenomorph TimeScape for their centralized reference and market data management requirements.
The project has already commenced and the solution will be in full production usage by December 2009.
TimeScape will replace an internal solution and will be used to provide an enhanced single source of validated reference and market data to front and back office systems in ProCapital's offices in Paris and Brussels. ProCapital will use the data management capability of TimeScape to import, normalise and validate data from a broad range of internal and external sources, and provide a consistent set of data to downstream systems.
"High quality reference and market data jointly form a key foundation for successful financial institutions, and making it easy to manage both together in one solution has never been more important", said Matthew Skinner, Director and founding partner of Xenomorph, "We are delighted that ProCapital has selected Xenomorph TimeScape for reference and market data management, and we look forward to growing our relationship with their teams in Paris and Brussels."