At a recent IRD breakfast briefing, Neil Edelstein, senior director Product Solutions at GoldenSource, took center stage with his views on how the credit crunch "is the most interesting thing to happen to data management in a long time".
Mike Meriton, CEO and President of GoldenSource explains to ISJ in an interview with editor Tine Thoreson his views on EDM and the future of the market.
In an environment where the market for risk-tracking related software and financial services approaches $16 billion, we continue to witness 'surprising' credit crunch casualties. In its wake, entire management teams have been taken out and share prices have taken a battering. Defaults in U.S. subprime mortgages have contaminated the value of supposedly A-grade debt, and has created a domino effect in terms of destroying investor confidence in an increasing number of structured security products. As this unravels, U.S. market prices continue to tumble, and the value of the collateral backing the debt is being eroded. Clearly we are seeing a diminished prospect of a rapid solution to the current credit crunch.
Fritz McCormick of GoldenSource Business Development discusses the need for the alignment across all business entities of an enterprise of resources to manage an EDM Strategy.
A-Team Survey finds that growing use of OTC derivatives is shaking up data management strategies across the industry. 75% of firms have re-evaluated or are planning to e-evaluate their data management processes due to expansion in use of these instruments.
The first of three targeted EDM surveys conducted by A-Team of senior reference data managers, this report focuses on the specific challenges of managing instrument data.
Discussion on how Broadridge Financial Solutions (formerly ADP Brokerage Services) is leveraging its pedigree in the provision of ASP and business process outsourcing services with an entry into the managed reference data space. Its Global Reference Data Solution offers a fully managed service for capture, scrubbing, storage and distribution of reference data.
