Markit Enterprise Data Management (EDM)

Markit EDM acts as a central hub to manage the acquisition, validation, storage and distribution of data in a consistent, fully-audited environment.

Customers

  • Asset servicing firms
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  • Asset managers
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  • Investment banks
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  • Regional banks
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  • Corporate treasuries
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  • Hedge funds
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  • Pension funds
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  • Insurance firms
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  • Regulators
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  • Indexes
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  • Energy firms
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  • Service providers
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  • Data providers

Statistics

  • 12-16 weeksfor phase one delivery
  • 100%client retention and implementation
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Product Summary

Markit EDM delivers a flexible business intelligence solution to help business users take direct ownership over the data they consume.

The platform creates master sets across all data types and delivers tangible data governance, risk management and compliance frameworks.

Customers benefit from being able to control and manage costs across their entire data supply chain, including vendor management and reducing acquisition costs. They are able to streamline front, middle and back office operations, safely upgrade legacy platforms and provide an insulation layer for BPO initiatives.

    Key Benefits

    • Reduce operational risk

      Analyses, cleans and enriches reference and dynamic data from all available sources, with ongoing processing for data validity and quality

    • Time to market

      Significantly reduces implementation time through a unique combination of standardised interfaces and flexible schema

    • Regulatory compliance

      Delivers a fully transparent audit trail of all changes with no loss of source data

    • Cost effective

      Allows rapid integration and processing speeds to reduce data acquisition and management costs

    Use Cases

    • Security master

      Enables the creation and management of master data in an audited and flexible environment, facilitating constant change and the ability to meet a broad range of requirements

    • Price master

      Provides full audit, transparency, exception resolution and quality for pricing and rates

    • Front to back office integration

      Allows for integration of new systems with significantly reduced time to market and risk, due to the Markit EDM implementation team’s extensive experience integrating front office and back office systems

    • Legal entity master

      Provides a single view of client and counterparty information for risk and credit analysis, as well as to support KYC, AML, CRM and client on-boarding requirements

    • Corporate actions

      Enables corporate actions data collection from any source and applies automated business logic with the relevant alert escalation workflows for resolution to generate corporate actions master, with corporate actions linked to range of parameters, such as trades, transactions, accounts and portfolios

    • Regulatory compliance

      Gold copy masters across all data types, rationalising legacy architectures and delivering tangible data governance, risk management and compliance frameworks, to help satisfy regulatory requirements

    • Trade hub

      Enables creation of a transaction hub for the management, validation and distribution of trade and position details, capable of supporting organisations across multiple geographic locations with a single global operating model

    • Reconciliation solution

      Ability to serve as an insulation layer between outsourced back office systems and feeds and internal front office platforms, as well as reconciliation capabilities that provide transparency across front-to-back office operations and custodian-bank feeds

    • Data hub

      Enables creation of a single, consolidated data hub for managing, validating and distributing data to support various downstream data consumers, such as internal data warehouses

    • Outsourced service provider

      Serves as an integration layer between customers and their outsourced service providers, such as custodians, fund administrators and prime brokers, to help reduce risk while maintaining control of mission critical data

    Connectors

    • Advent Geneva
    • Apex
    • APT
    • Bank of America Merrill Lynch
    • Barclays
    • BESA
    • Bi-Sam
    • Black Rock Solutions
    • Bloomberg
    • BNP Paribas Securities Services
    • BNY Mellon
    • Brown Brothers Harriman
    • CACEIS
    • Calypso
    • Charles River
    • Citigroup
    • Copp Clark
    • Credit Suisse
    • Data Agent
    • Deutsche Bank
    • DST
    • Eagle Investment Systems
    • Eurex
    • EZE Castle
    • FactSet
    • Fidessa
    • Finance Kit
    • FINCAD
    • FINRA
    • Fitch Ratings
    • Gloss
    • HSBC Securities Services
    • IBM
    • Interactive Data
    • Intex
    • IRESS
    • ITG
    • Johannesburg Stock Exchange
    • JP Worldwide Securities Services
    • Linedata
    • MatLab
    • Microsoft
    • Mig 21
    • Moody’s
    • MPower
    • MSCI
    • Multifonds
    • Murex
    • Netik
    • Northern Trust
    • Numerix
    • Omgeo
    • OpenLink Findur/Endur
    • Ortec Pearl (PMA)
    • Paladyne
    • Pricing Partners
    • RBC
    • RIMES
    • S&P Capital IQ
    • SimCorp Dimension
    • SIX Financial Information
    • SS&C
    • State Street
    • SunGard
    • SuperDerivatives
    • SWIFT
    • S&P Capital IQ
    • ThinkFolio
    • Thomson Reuters
    • TIBCO
    • UBS Delta
    • WestClinTech
    • Xenomorph

    Industry Report

    • IDC Financial Insights: Empowering Wealth Management Through Enterprise Data Management Technology


      Northern Trust has implemented Markit EDM to help manage its growing investment operations outsourcing function.

       

      This IDC Financial Insights study highlights Northern Trust’s experience deploying and using Markit EDM, including the business rationale behind the decision, results attained, lessons learned and future plans to expand its use of the platform.

       

      REQUEST ANALYST REPORT

    Case Studies

    • Principal Global Investors - Data governance and compliance


      Principal Global Investors embarked upon an overall data governance initiative across multiple time zones and systems to realise the full value of its data.

       

      The successful implementation of Markit EDM means the firm now has access to higher quality data with a single golden copy across all aspects of data, enabling quick resolution of discrepancies.

       

      Its data management team can now quickly and easily create basic rules around its data without relying on IT.

       

      REQUEST FULL CASE STUDY

    • F&C Investments - Front to back office integration


      Having grown via acquisition over many years, F&C Investments had multiple trading, risk and compliance systems across the organisation.

       

      The firm deployed Markit EDM to help standardise the front office environment for portfolio management, trading, compliance and risk across multiple back office systems.

       

      The project was run in parallel across multiple teams and projects on the same single instance of Markit EDM.

       

      REQUEST FULL CASE STUDY

    • Newton Investment Management - Indices and benchmark Management


      Newton Investment Management needed a data management platform to manage over 600 indices across their systems to satisfy a dynamic investment team

       

      Markit EDM's solution satisfied a key remit to empower users to manage, manipulate and distribute cleansed audited data to core investment management systems

       

      The firm has used Markit EDM as the foundation for new system implementations since 2003 with minimal support.

       

      REQUEST FULL CASE STUDY

    • Aberdeen - Security and price master management


      Aberdeen grew from a $10 billion AUM firm in a single location to a global $140 billion firm in 8 years.

       

      Markit EDM was selected to provide a data control layer between the organisation and its market data vendors and outsourced back office providers.

       

      The platform was deployed globally, primarily as a security and price master management utility between multiple back offices, index data sources and pricing providers.

       

      REQUEST FULL CASE STUDY

    Training

    Centre for Excellence enables customers to quickly take ownership and release the full value of their EDM platform.

    Certification is available for three different audiences: business analysts, operational end-users and IT.

    Through accreditation, members become in-house specialists, reducing security concerns and achieving a return on investment in less than six months.

    • Markit EDM Core Training Introduction

      This course provides a general overview of Markit EDM components and workflow. Participants must pass the introduction exam before taking the advanced course.

    • Markit EDM Core Training Advanced

      Markit EDM workflow

      Loading data – best Practice

      Export/import database parameters

      Export/import component package for security source

      Event watcher and process launcher

      Plug-ins

      DataTyping and transform and align – best practice

      Rule builders

      Add new source to DataMatcher

      Data mastering and universes

      Business validation and data quality

      Solution workflow

      Data generator – best practice

      Optimisation of the constructor

    • Markit EDM User Interface Workflow

      Web component types – element, page and workflow

      Inboxes and manager

      Charts and actions

      Data entry

      Forms and workflow nesting

      Workflow branching

      Solutions and navigation

      Validation

    • Training calendar

      September

      Core Markit EDM and UI Training - London

      Markit EDM Introduction: September 22nd - 24th

      Markit EDM UI Workflow: September 25th - 26th

      Core Markit EDM and UI Training - New York

      Markit EDM Introduction: September 22nd - 24th

      Markit EDM UI Workflow: September 25th - 26th

       

      October

      Core Markit EDM Training - New York

      Markit EDM Introduction: October 13th - 15nd

      Core Markit EDM and UI Training - London

      Markit EDM Introduction: October 20th - 22nd

      Markit EDM UI Workflow: October 23nd - 24th

       

      November

      Core Markit EDM and UI Training - London

      Markit EDM Introduction: November 17th - 19th

      Markit EDM UI Workflow: November 20th - 21st

       

      December

      Core Markit EDM and UI Training - Dallas

      Markit EDM Introduction: December 1st - 3rd

      Markit EDM UI Workflow: December 4th - 5th

      Core Markit EDM and UI Training - London

      Markit EDM Introduction: December 15th - 17th

      Markit EDM UI Workflow: December 18th - 19th

    Tools

    Press Releases

    • Feb 11 2014

      China Life Asset Management selects Markit for enterprise data management

      View
    • Jan 14 2014

      Markit enters OMS arena with acquisition of thinkFolio

      View