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Press release: for immediate release
Xenomorph first to market with Microsoft .NET data management and analysis suite
London, England, 22 May 2003
Xenomorph today announced the launch of TimeScape, a new enterprise-capable data management and analysis suite for the financial markets based on the XML Web services technology of the Microsoft .NET Framework.
TimeScape unites data management, systems connectivity and scaleable pricing analysis of derivative and fixed income portfolios, delivering a single view through time of all asset classes. TimeScape brings a new dimension to data management solutions: increasing the efficiency of both front and back-office data management; providing a foundation for straight through processing; and addressing key risk management issues such as the introduction of Basel II.
Xenomorph’s usage of the XML Web services technology found within the .NET Framework will set new standards in data management for high performance, rapid application development and low total cost of ownership. Using technologies such as server clustering, TimeScape fully leverages the price/performance gains now being delivered by Microsoft and Intel against older UNIX technologies.
David Slight, Financial Services Industry Manager, Microsoft, says: “The consolidation and management of data is a huge challenge facing the financial markets industry. In a complex environment where data is stored, accessed and delivered in many different ways, financial institutions need to be able to pull all this data together, and have the capability to manipulate it, quickly and simply. This is where web services and XML technology are ideal. With Timescape, Xenomorph takes advantage of the .NET Framework to provide this connectivity and deliver the tools required by financial markets professionals to control, analyse and manage data effectively.”
Brian Sentance, Managing Director, Xenomorph, says: “TimeScape extends the scope of data management to encompass the management of derived data, to fully leverage our clients’ existing systems and data sources, and to enable our clients to bring new financial products and ideas to market faster than the competition. Xenomorph’s data management expertise, together with the Web services technology of the Microsoft .NET Framework, form the technological foundation for our clients to achieve these goals more rapidly than ever before.”
About Xenomorph
Xenomorph, founded 1995, is the leading provider of enterprise-wide data management and analysis solutions to the equity, fixed income and derivatives markets. Xenomorph’s clients include traders, risk managers, quantitative analysts and enterprise IT groups in global investment banks, major asset management companies and hedge funds across the world's main financial centres. For more information on Xenomorph’s clients, services and solutions, please see www.xenomorph.com.
TimeScape™ is a registered trademark of Xenomorph®. Other product and company names herein may be trademarks of their respective owners.