SOURCE: GoldenSource

GoldenSource

September 20, 2011 07:00 ET

ASX Upgrades Core Data Management Infrastructure With GoldenSource EDM

LONDON and NEW YORK, NY and SYDNEY, AUSTRALIA--(Marketwire - Sep 20, 2011) - The ASX Group (ASX) has selected GoldenSource EDM to upgrade and replace its current corporate data management system known as CORE. The new platform will serve as the most comprehensive repository of historical data as well as the essential link for equity trading and settlement processes at ASX. With a centralized, trusted copy of company, securities, and trading data, GoldenSource EDM will enable ASX to more flexibly process complex product sets and corporate action events, reduce time to market for launching new products, and ensure consistency of timely data delivered across the Group's exchange activities.

"To support and sustain the recent growth in product development, listing, and trading instruments, ASX identified enterprise data management as a key strategic operational enabler," says Jeff Olsson, Group Executive, Technology at ASX. "After an extensive evaluation process, we selected GoldenSource EDM for its flexibility and enterprise scale to meet the needs of ASX's growing operations and to enable further innovation in our market."

"The GoldenSource EDM platform will serve as critical infrastructure to address the business priorities of a distinguished market operator, clearing house and settlement facility," says Neill Vanlint, MD of EMEA and APAC Client Operations, GoldenSource. "ASX marks our second major customer in Australia. As GoldenSource continues to build momentum in Australia, we believe investment in data management capabilities will deliver additional benefits to the market and financial system."

About GoldenSource
GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.

Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organize and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.

A proven supplier of on premises EDM solutions to the world's largest financial institutions, GoldenSource also powers managed data services via the innovative Powered by GoldenSource™ program.

For more information, visit: www.thegoldensource.com or follow us on Twitter at http://twitter.com/goldensource.

About ASX
ASX Limited is the listed holding company for a number of licensed operating subsidiaries, together forming the ASX Group (ASX), which offers a range of market services linked by a common purpose: to provide core financial markets services and infrastructure to meet the needs of a wide range of financial markets stakeholders, and for a globally competitive and vibrant Australian economy.

ASX is a multi-asset class, vertically integrated exchange group, ranked one of the world's top-10 largest by market capitalisation. Its activities span primary and secondary market services, central counterparty risk transfer, and transaction settlement for both the equities and fixed income markets. ASX functions as a market operator, clearing house, payments system facilitator and central securities depository. It also oversees compliance with its operating rules, promotes standards of corporate governance among Australia's listed companies and helps to educate retail investors.

The domestic and international customer base of ASX is diverse and includes issuers of a variety of listed securities and financial products, investment and trading banks, fund managers, hedge funds, commodity trading advisers, brokers and proprietary traders, market data vendors and retail investors, as well as other listing and trading venues.

By providing its systems, processes and services reliably and fairly, ASX seeks to promote confidence in the markets that depend on its infrastructure. This is integral to ASX's long-term commercial success.

More information on ASX can be found at: www.asxgroup.com.au

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