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How can you leverage value of EDM? Purpose built solution to solve the Reference Data Distribution challenge in the financial markets arena
MoreFinancial Markets Spotlight
"Why reference data distribution is critical to successful EDM
There has been a massive surge in the amount of data fund managers have to deal with. This is a result of globalization, the massive increase in trade volumes, more complex asset classes and the mix in asset classes, among other things.
As data volumes have increased so has the burden on the financial markets industry to get the right data to the right systems at the right time. This has remained a constant, if increasingly tricky, challenge."
- John Randles, CEO PolarLake, Feb 2007
PolarLake delivers Financial Services specific Integration Applications. Based on its unique, patented XML pipelining technology PolarLake Integration Applications include:
The integration challenge in Financial Services is greatest where there is high complexity and high frequency of change. PolarLake’s domain specific applications are purpose built to solve this problem delivering with 80% less resource and 75% less time than traditional integration solutions.
"TowerGroup collected survey data in late 2005 which noted participants’ opinion that roughly one-third of the effort of a data management project was associated with the distribution of that data; however we believe that number may be too low. Failure to understand and prepare for the data needs of downstream applications will doom a data management project from the start." - Matthew Nelson, Tower Group, Feb 2007
"While studies continually point towards increased EDM adoption, reality does not seem reflect demand. A major reason behind this, we believe, is the complexity and cost of integrating firms' downstream technologies. More efficient and effective integration tools would place EDM within reach for a wider array of firms helping them finally benefit of consistent and clean enterprise data at a cost-effective price." - Larry Tabb, The Tabb Group
"PolarLake's Integration Suite has been used as a reference data hub feeding data from multiple incompatible sources to dozens of downstream systems, each one needing a different data format." - Mike Gilpin, VP Research Director at Forrester Research