Xenomorph News - October 2009 Newsletter
News in Brief
ProCapital selects Xenomorph TimeScape for reference and market data management
French firm ProCapital Securities Services has selected Xenomorph TimeScape for its centralized reference and market data management requirements.
TimeScape will replace an internal solution and will be used to provide an enhanced single source of validated reference and market data to front and back office systems.
ProCapital will use the data management capability of TimeScape to import, normalise and validate data from a broad range of internal and external sources, and provide a consistent set of data to downstream systems. The solution will be in full production usage by December 2009.
LBBW chooses Xenomorph TimeScape for data management in Risk Control
Landesbank Baden-Württemberg (LBBW), one of Germany's five largest banks, has selected Xenomorph's TimeScape data management system for use within its risk control department.
TimeScape was chosen to meet LBBW's need for greater data transparency, higher data quality and faster access to ever-increasing volumes of market data.
TimeScape has increased LBBW's capacity to centralise, store and consolidate multiple data sources as well as increasing the speed with which this data can be analysed.
It provides the risk control team with a quick means of creating bespoke validation tests and supports new and complex derivatives data structures with ease.
Register now for the Integrated Data Management: The Road to Risk Reduction WebSeminar, co-sponsored by Xenomorph
Xenomorph is pleased to co-sponsor the forthcoming WebSeminar 'Integrated Data Management:
The Road to Risk Reduction', hosted by Inside Reference Data. Covering key topics surrounding integrated data management projects, leading industry experts, including Brian Sentance CEO Xenomorph, will debate the issues. Click here for more information
and to register to join the live online debate.
Date: Wednesday October 14th 2009
Time: 10am New York, 3pm London
Duration: 90 minutes
Events
Last month saw Xenomorph co-sponsor the following events:
2nd Annual Pricing Model Validation: Mitigating Model Risk
Post credit crunch, model validation has become more important than ever, with increasing time and money being spent on correct model validation procedures. Model reviews are increasing in scope and size whilst the complexity of models is changing.
See the blog for a summary of key points from this conference.
European Financial Information Summit 2009
Hosted by Inside Market Data and Inside Reference Data, the Financial Information Summit event series delivers expert analysis and commentary on the business, competitive and regulatory issues affecting market data, reference data and enterprise data management. Interactive panel discussions and keynote addresses provide delegates with the latest strategies to achieve low latency, automate reference data, effectively manage vendor relationships, develop enterprise data management frameworks, and much more.
Xenomorph in the News
Demystifying complexity
As regulators hone in on OTC derivatives in an effort to elicit transparency, financial services firms are recognizing the importance of reference data for all asset classes, but complex assets present their own set of challenges...
Along with other leaders in the field, Xenomorph's Brian Sentance was interviewed by Gregory Morris at Financial-i about reference data management for complex assets.
Xenomorph Blog
Pricing model validation and mitigating model risk is very topical and of particular interest to Xenomorph given that several clients are looking at managing/centralising pricing models and curve calculations in addition to simply managing the underlying data
(see the Insight Investment case study).
Take a look at some of the key points raised at the 2nd Annual Pricing Model Validation:
Mitigating Model Risk conference in the latest blog posting.
Xenomorph Software Ltd
tel: +44 (0)20 7614 8600 | web: www.xenomorph.com | email: info@xenomorph.com