Cadis has said that its enables Aberdeen to gain control over its data, improving efficiencies and lowering operational costs. Cadis claims to manage and enrich the complex data required to feed order management, compliance, accounting and risk systems in a consistent, fully audited environment.
According to Cadis, it was selected due to the system’s ability to provide a data control layer between Aberdeen and its market data vendors and outsourced back office providers. The Cadis enterprise data management (EDM) suite and the Cadis rapid implementation methodology allows Aberdeen to integrate multiple data sources and utilize the information in its front office systems.
Richard Large, global head of front office technology at Aberdeen, said: Cadis provides us with an enterprise wide data management platform. It feeds our single global trading platform and data warehouse environments and allows us to maintain control over our data which is sourced from a variety of vendors and Third Party Administrators.