Asset Control, a of provider of reliable, high-performance systems for financial data management, has launched a new market data distribution and discovery platform.
The company’s new platform, dubbed ACX, is built on a NoSQL Cassandra/Spark technology stack and is utilising open source technology components. It aims to help users achieve ‘fast access’ to data and offers significant reductions in infrastructure costs according to the company.
ACX places a specific focus on business user enablement and self-service by providing easy browser access and enterprise search on the full data set to support users in, for example, traded risk, stress testing, investment support, finance and product control.
“We are really excited about the new technologies we are using to build ACX. They offer a new dimension in performance and user accessibility in financial data management at a time when clients need to deal with growing data volumes and the trend towards business users wanting to self-service“, says Mark Hepsworth, CEO, Asset Control. “ACX provides a highly scalable platform that helps firms streamline their data infrastructure, enables users to improve workflow efficiency and lowers the cost of change”.
ACX can be integrated into user workflows allowing users to make the most of the data they have either sourced or created. Access options include programmatic access via web services, integration with third-party business intelligence (BI) tools and native integration with languages such as Python and R.
Headquartered in London, UK, Asset Control provides ‘supremely reliable, high performance’ systems for the management of financial data. It helps financial organisations deliver high-quality reference, market and risk data for regulatory compliance, portfolio valuation, or risk management.
The company provides solutions for banks, insurance companies, asst managers and hedge funds, for service provides and for market infrastructure. Asset control also offers regulatory solutions, helping companies comply with the Fundamental review of the trading book (FRTB), MiFID II, and BCBS 239.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
