Sell-Side Technology Awards 2023: Best sell-side data management product—GoldenSource

Overview

GoldenSource EDM is a data management product that addresses the complexities inherent in providing fit-for-purpose data throughout an institution at the right speed, accuracy and cost. GoldenSource EDM overcomes legacy disconnects and limitations that ordinarily prevent all lines of business and data consumers in an institution from having access to the best data in the right way for them to consume it.

The solution

GoldenSource solves for data in motion and data at rest. It smooths the process of ingesting and normalizing data from various sources and silos to create a golden copy and enables all downstream systems to be updated when changes to data occur. It establishes a data dictionary, semantic layer and data lineage across business domains for trading, risk, finance, reporting and compliance, and maintains connections-as-a-service to vendor sources and ensures links between related data attributes.

Secret sauce

GoldenSource EDM provides sell-side CDOs and CIOs with a head start when establishing a business-wide data governance and control framework by moving to the cloud or rationalizing their data landscape. GoldenSource comes with its data model that covers more than 24,000 financial markets data attributes. This accelerator reduces project risk and shortens time-to-value when undertaking complex transformations and re-platforming.

Recent enhancements

• ESG expansion to include analytics supporting sell-side research and climate risk scenarios
• Completion of Curve Master, which means that GoldenSource now has a complete solution for managing market and risk data, incorporating prices, time series, curves and a quant workbench
• Expansion of the firm’s cloud managed services to include business assistance, which offers clients immediate access to best practice advice and guidance

Future objectives

GoldenSource plans to embed more end-to-end business processes into the standard workflows delivered with the product. These pre-configurations bake in best practices and, in addition to the GoldenSource data model and abstraction layer for the data, add another accelerator for time-to-value and de-risks complex data management projects.

Why they won

GoldenSource wins the coveted best sell-side data management category in this year’s SST Awards thanks to its GoldenSource EDM platform, displacing last year’s winner, Solidatus. GoldenSource EDM is designed to consume and normalize data from any number of sources and create a golden copy of it, ensuring that all downstream systems are updated automatically if and when changes are made to that copy. It also establishes a data dictionary, semantic layer and data lineage across various business domains, guaranteeing that all functional areas within a bank and the business processes sitting within them are fed by clean, consistent and accurate data.