NEW YORK, May 20 /PRNewswire/ --
- Classifications and institutional information from CUSIP Global Services now available with pre-built data management tools for Volante customers
Volante Technologies, provider of tools for accelerated data management, today announced the availability of Streamer for CUSIP(R), a pre-built solution for integration and data management of the CUSIP Master File Service. Streamer for CUSIP was developed with the support of CUSIP Global Services (CGS), managed by Standard Poor's on behalf of the American Bankers Association.
Streamer for CUSIP offers simple and rapid integration of the CUSIP service into any destination application or database, as well as processing of additional data management rules such as validation and enrichment. The CUSIP Master Service offers 9-character identification codes and reference data for more than 8 million financial instruments worldwide. CUSIP is the industry standard classification code used by financial institutions and exchanges around the world.
CUSIP Global Services is committed to expanding the availability of our unique identifiers and related reference data by partnering with technology partners, and this new agreement with Volante is a prime example of that commitment, said Jim Taylor, managing director of CUSIP Global Services. By offering market participants more channels via which CUSIP information can be consumed and integrated, we further fulfil our mission of powering efficient capital markets.
Significantly reducing the time and effort required to integrate the CUSIP Master File Service, Streamer is a pre-built module incorporating all files and formats, standards and rules related to the feed. It is a plug-in for Volante Designer, a powerful metadata-based tool which automates code development for any destination on any platform, including home-grown systems. Integration to the destination is designed in a familiar spreadsheet-style interface with easy-to-use formulas for a variety of data management operations.
Getting complex feeds into production fast is the objective of the Streamer series, and Streamer for CUSIP is the first of a planned series of solutions for Standard Poor's data services and feed. The availability of Streamer-based integration offers users total flexibility in a proven framework that also supports data governance of model-driven application development, said Vijay Oddiraju, CEO of Volante. Beyond the ease of integration, Volante Streamer for CUSIP enables simple and rapid updating of data models and formats whenever necessary. This is solution for firms that want high-quality integration without delay.
About CUSIP Global Services
For 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, enabling financial services firms to benefit from improved operating efficiencies and substantially reduced administrative costs. The CUSIP(R) database contains issuer, issue, and entity identifiers, standardized descriptions and related data for more than 8.4 million financial instruments. Coverage includes: corporate, government, municipal and international securities, IPO's, preferred stock, funds, CDs and competitive/negotiated deals. CUSIP Global Services continually meets the markets' need for innovation, while providing global support for the growing markets. CUSIP Global Services is managed on behalf of the American Bankers Association by Standard Poor's. For more information, visit www.cusip.com.
Volante Technologies has been accelerating data management for the financial services industry since 2001. Volante provides integration and data management solutions for low-latency environments, service oriented-architectures, vendor data consolidation, event processing, SWIFT message integration and other complex data challenges. Its metadata-based technology also enables data governance and model-driven data initiatives. Volante solutions are employed by buy-side and sell-side institutions around the globe, corporate treasuries, financial industry utilities and exchanges, including Brown Brothers Harriman, The Municipal Securities Rulemaking Board, and Broadridge. Volante holds the SWIFT Messaging Data Services designation. For more information, visit www.volantetech.com.
Volante Technologies Kathleen Hawk Director of Marketing +1-845-687-2222 firstname.lastname@example.org
Matthew Bastian, Director, Product Development of Standard Poor's, +1-212-438-4072, email@example.com; or Kathleen Hawk, Director of Marketing of Volante Technologies, Inc., +1-845-687-2222, firstname.lastname@example.org