GoldenSource for Derivatives, launched in March 2009, is the only data management solution in the market developed with the specific aim of dealing with the unique complexity, lifecycle and volume of derivatives data. The solution was developed to meet client demand for instrument-level transparency and in anticipation of increased repository and regulatory requirements. It includes a preconfigured 360-degree view of instrument, issuer and counterparty exposure, creating a local CDS warehouse capability.

The solution creates and sustains a trusted data repository for critical applications such as risk management, and has no limit to the complexity or type of instrument it can accommodate. This is of particular importance in the OTC derivatives market due to the bespoke nature of many of these instruments.

"This award is recognition from some of Europe's top banking and technology executives that we have developed an innovative solution to address the unique challenges posed by derivatives," said Mike Meriton, CEO, GoldenSource. "GoldenSource for Derivatives gives firms a higher level of insight as they look to increase their use of derivatives without driving up risk."