Asset Control, provider of financial data management solutions and services, today announced that BTG Pactual, Brazil's leading investment bank, will implement AC Plus.
BTG Pactual will consolidate and centralize multiple data domains onto AC Plus which will integrate seamlessly with their existing systems. Stage one of the implementation is scheduled to be completed by the end of next quarter, leveraging Asset Control's local delivery capability.
Latin America market participants face the same data management challenges witnessed by their counterparts across the globe. As such, it has become increasingly important to have solutions in place with the breadth, depth and agility to provide the most effective and efficient data management possible.
BTG Pactual will have access to AC Plus' out-of-the-box Bloomberg loader, which is fully supported and updated by Asset Control. The loader provides quick time to production while conveniently maintained mapping libraries eliminate the maintenance required on updates to the Bloomberg feed.
BTG Pactual will also use the AC Connect module, a core component of AC Plus, to streamline the distribution and integration of data to multiple downstream systems. This removes the need for costly development skills as well as third party integration tools. AC Connect's flexibility also enables BTG Pactual to graphically create subscriptions and queues and delivers that data in any form that the consuming system may require.
Phil Lynch, CEO, Asset Control, said: "The rapidly expanding economies of Latin America and Brazil represent a real opportunity for local and global players in the financial markets. Technology will be a necessity for capitalizing on this growth, but investment will only provide returns when combined with a focus on data management. We are committed to providing local delivery to support our customers in this very important market to make it easier for them to implement our leading data management solutions. Firms must look for the most effective and efficient ways to utilize financial information to execute the best possible trading strategiess for their clients and meet compliance, risk management and reporting requirements. This is precisely what BTG Pactual's investment in AC Plus will deliver and we are delighted to welcome them to our expanding base of clients."
André Vasconcelos at BTG Pactual commented: "We chose Asset Control because of its track record of success in the global data management space and flexibility to work within our tight timeframe. Their commitment to the Latin American region allows us to power our products and services with the most sophisticated financial services technology. We are confident AC Plus' centralized data management solution will provide substantial workflow efficiencies and prove to be an invaluable tool for our organization."