GoldenSource, a software provider of enterprise data management (EDM), has launched a new data solution, GoldenSource for Derivatives, to help financial institutions value portfolios and manage risk for derivatives products.
GoldenSource for Derivatives aims to increase transparency and auditability for derivatives portfolios held by banks, brokers and asset managers.
The solution was developed in response to client demand for instrument-level transparency and in anticipation of increased regulatory and repository requirements
Given increasing, board-level and regulatory pressure, the industry needs to increase auditable transparency and decrease the operational risk inherent with derivatives. This increased oversight directly translates to an increasing need for industry-led data repository solutions, said Larry Tabb, founder and CEO of TABB Group, a financial markets research and advisory firm.
GoldenSource for Derivatives organizes, archives, stores and categorizes all attributes of a wide range of exchange-traded and OTC derivatives, including any underlying securities’ characteristics. The product provides flexible integration with document management, trading and risk systems, allowing firms to build a trusted repository of all derivatives-related data.