Industry Wide
The Bloomberg Data Management Utility provides proactive data management solutions to a wide range of financial firms across the world. Each benefit from simplified data management. improved data quality and a fully audited data governance environment.
The case studies opposite describe how clients have met their individual data management requirements through the Utility whilst retaining their own business DNA.
The client, a global Asset Management firm headquartered in the United Kingdom was faced with increasing difficulties in efficiently managing their data vendor feeds.
Data requests were becoming so involved and lengthy that start of day process times were being missed and business processes delayed creating operational risk issues.
Incorrect request methods were also limiting the number and type of feed attributes which could be requested and as a result new business activities were blocked.
Within a four week period, the client was actively using the Bloomberg Data Management Utility Vendor Feed Management Service to manage their Bloomberg Data License requests.
As a result:
To get your copy of the latest Bloomberg PolarLake White Paper – Simplifying Data Management, please contact info@bloombergpolarlake.com
The client, New York based Broker Dealer, ITG was faced with significantly increasing futures trading business demand from their clients.
To fulfil this demand, ITG required both the ability to source and match instrument and trade data form the derivatives exchanges and improve their Reference Data Master to allow clear communication with their clients and to integrate their operations processes across the business.
ITG selected Bloomberg PolarLake to provide a Futures and Options Security Master Data Management Service to intelligently connect and match contract, customer and market data.
Following a three-month period of close co-operation between ITG and Bloomberg PolarLake, the service was implemented successfully and on schedule, integrating and matching data across:
The service incorporates 24×7 Bloomberg PolarLake Data Operations processes including:
Each business day, validated and transformed data, including matched keys, is delivered to ITG for use by internal trading and middle and back office systems together with client and execution broker trading communications.
The managed service has enabled ITG to unlock the data barrier, thereby providing the essential transparency required to expand derivatives trading.
To get your copy of the latest Bloomberg PolarLake White Paper – Simplifying Data Management, please contact info@bloombergpolarlake.com
The client, a global leader in delivering asset and fund administration solutions headquartered in North America had decided to add a new data vendor to their operations environment.
With no in-depth internal knowledge of the management of the selected feed, the client chose Bloomberg PolarLake to both manage the Bloomberg Data License environment and integrate the distribution to downstream systems.
Within three months, the client was live on the Bloomberg PolarLake Vendor Feed Management Service.
As a result:
To get your copy of the latest Bloomberg PolarLake White Paper – Simplifying Data Management, please contact info@bloombergpolarlake.com
The client, a global Hedge Fund Manager headquartered in New York was faced with an immediate need to increase operational efficiency and reduce operational risk.
Multiple, duplicated systems and processes used to manage reference and pricing data had resulted in inconsistent data quality and inefficient operations.
Client resources were being employed simply to reconcile data across Order Management, Portfolio Management and Accounting systems in an effort to manage daily processing. End of day processing times were being missed. Data was inconsistent.
In order to meet the business demands, a requirement was defined to deliver a high quality data management environment to increase operational efficiency and reduce operational risk.
The client chose to implement a series of Bloomberg PolarLake Managed Services.
A phased approach was chosen to cover a universe of 66 Asset Classes. The phases were:
Within three months, the client was benefiting from :
To get your copy of the latest Bloomberg PolarLake White Paper – Simplifying Data Management, please contact info@bloombergpolarlake.com
The client, European regional bank, Swedbank was facing the immediate introduction of new trade regulatory reporting requirements to the local market.
With the need to implement and manage multiple vendor feeds including those new to the business and in view of the timescales, Swedbank opted for a managed service over an in-house development and chose Bloomberg PolarLake to deliver a Security Master solution.
Within three months, Swedbank was live on the managed service.
As a result:
Swedbank was presented with the Inside Reference Data – “Best Reference Data Initiative Award” for their appliction of the Bloomberg PolarLake Managed Service to meet the urgent need for EMIR trade reporting solution.
The initial reference data service has now been expanded to include a Pricing Data service for both the Stockholm headquarters and the Luxembourg Asset Management business.
To get your copy of the latest Bloomberg PolarLake White Paper – Simplifying Data Management, please contact info@bloombergpolarlake.com