" class="no-js "lang="en-US"> Asset Control Wins Major Sell-Side Data Management Award - Fintech Finance
Thursday, May 30, 2024

Asset Control Wins Major Sell-Side Data Management Award

Asset Control, a leading solutions provider for financial data management, has been awarded Best Sell-Side Data Management Platform at this year’s Data Management Insight Awards, hosted by A-Team Group. Asset Control’s award, which was voted for by readers of A-Team’s Data Management Insight, was presented at a ceremony in London on Friday December 6th.

The award comes at a time when the sell-side is facing new market data requirements from business trends and from regulatory initiatives such as FRTB and the ECB’s TRIM programme. Asset Control has been responding to these drivers by expanding its capabilities in data lineage and market data discovery and exploration.

The win can also be seen in the context of the adoption of ACX, Asset Control’s cloud-deployed data analytics, exploration and processing solution, which the company continues to roll-out. ACX not only helps clients with fast data access, distribution and processing but also with meeting the market and reference data requirements of TRIM and FRTB and other business requirements.  A major sell-side firm recently went live with ACX to underpin its internal model approach (IMA) strategy for FRTB and for  automating  the proxying of bitemporal time series histories. They will also use the product to perform market data analytics and scenario management in the future.

More broadly, Asset Control’s recent product development has enabled sell-side organisations to easily expose data lineage to ensure the value of data points can always be explained and traced back to their original sources, together with dashboards to provide insight into market data sourcing and quality assurance.

Mark Hepsworth, CEO, Asset Control, said:  “We are really pleased  to win Best Sell-Side Data Management Platform at this year’s Data Management Insight awards. It is testament to our expanding sell-side client base and our ongoing product evolution. We are looking forward to continuing to work with meeting these customers’ requirements in 2020.”

Neil Sandle, Head of Product Management, Asset Control commented: “Banks and other sell-side firms have to prove the rigour of their data management processes but, concurrently, also have to be adaptable and flexible to meet new market and business opportunities. This award reflects the fact that Asset Control’s solutions support rigorous processes through comprehensive data lineage and audit capabilities but that they also support flexibility. Specifically, our solutions enable middle and front office staff to easily and quickly access validated data and to run their own analytics.”

Angela Wilbraham, CEO of A-Team Group, said: “Congratulations to Asset Control on their success as the Best Sell-Side Data Management Platform for 2019, as rated by our cross-platform readership of over 20,000 senior technology officers and data specialists. In a highly competitive marketplace this prestigious award represents an admirable achievement.”

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