Chinese securities company CITIC Securities has selected NeoXam to deliver its master data management (MDM) project covering all its asset classes, business entities and corporate actions.
The firm will deploy NeoXam’s data management solution DataHub to collect, clean and process data from Bloomberg, Refinitiv, Wind, Caihui, Juyuan and other data sources, and generate enterprise-level golden copy data to ensure a single point of truth of all reference data within CITICS. The term ‘golden copy’ refers to a master version of security and reference data acting as a single source of information within the firm.
Tim Versteeg, managing director APAC, NeoXam, said: “The relationship between NeoXam and CITIC Securities dates back to 2011 with the deployment of the valuation accounting solution NeoXam GP3 which has already been renewed in 2016 and 2021.
“With the replacement of its current vendor data management system by DataHub, our long-term partnership is further strengthened. We believe that NeoXam Datahub will help CITIC Securities reduce the cost and risk of data operation and maintenance.”
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