Wachovia said that the technology would help improve its risk management and research capability. Implementation is scheduled to begin in the first quarter of 2005.
The Wachovia system will be configured from the AC Plus modular framework to gather and manage snapshot, end-of-day and time-series pricing information for interest rates, credit spreads, equities, FX and commodities. The Asset Control solution was evaluated in proof-of-concept testing and will be delivered in a turnkey implementation, including feed handlers for multiple data vendors.
Turnkey delivery of data management solutions enables our customers to dramatically reduce implementation time and focus on their projects, instead of the software, said Ger Rosenkamp, CEO of Asset Control.
