GoldenSource will also manage data from the company’s own securities data feed, which originates from Daiwa’s head office in Tokyo.
Daiwa first installed the GoldenSource product suite in 2003, and upgraded to the latest version in Q4 2005. The recent addition of connections facilitates a vendor hierarchy system by establishing whether Bloomberg, Telekurs or Daiwa’s own data feed is the preferred source of data for different asset classes.
By implementing this system, the preferred data vendor for each asset class is selected as the primary data feed, and the other feeds are used to validate and cross reference the data from the primary feed.
Daiwa says it has been working with GoldenSource to implement an enterprise data management infrastructure to actively process data as soon as it is received. By phasing the automation of its data processes on an integrated platform, it says it is able to improve operational efficiency, minimize data staff requirements, and improve data quality.
