NEW YORK and LONDON, June 10 /PRNewswire/ --

- 78 Percent of Respondents State They are Re-Evaluating Data Management
Technology to Manage Complex Products More Effectively

The rapid take-up of OTC derivatives and associated business risk, is
causing buy-side firms to re-evaluate strategies, even those with well
established data practices, according to an international survey commissioned
by GoldenSource Corporation (http://www.thegoldensource.com). The research,
carried out by A-Team Group, studied trends among buy-side firms in managing
instrument data and found that almost eighty percent of asset managers are
reviewing their data management strategies due to complex products. A copy of
the full report, Buy-side Firms Take a Hard Look at Data Practices, is now
available for download at:
http://www.thegoldensource.com/buy_side_survey.html

When asked their motivation for re-evaluating data management strategies,
63 percent of the respondents cited growth/scalability as a top priority.
This ties in with firms' desire to continue investing in complex products
while ensuring they're supported by solid data management practices.
Front-to-back office consistency in data handling was ranked as a top
priority by 54 percent of respondents, and better management of perceived
risk was top priority for 46 percent.

Other key findings of the report include:

    - The widespread use of reference data systems - 96 percent of
      buy-side firms have connected their accounting systems to reference
      data systems, or plan to, in order to get a better picture of exposure;
    - Need for improved operational efficiency and risk management -
      almost three-quarters of respondents cited operational efficiency and
      68 percent listed business risk as key factors for motivating buy-side
      firms to centralize data processes;
    - The growth in popularity of third-party data management - with 74
      percent of respondents saying they use or plan to use third-party data
      management;
    - Excel is still a fall-back for managing derivatives - 64 percent
      of respondents said their firms still use Excel to manage OTC
      derivatives on an ad hoc basis, and 44 percent use it systematically
      for some applications;



"Before it was 'know your client,' now it's 'know your data'," said Neil
Edelstein, vice president of product solutions at GoldenSource. "This
research has highlighted three main drivers compelling buy-side firms to
re-evaluate their data management strategies: the continued growth in OTC
derivatives and the data challenges that brings; the need for more proactive
risk management; and a desire for centralized data management to ensure
consistency. The sheer volume of data associated with OTC derivatives and the
fact that much of it is stored in stand-alone Excel spreadsheets with no
centralized data model further compounds the risk factor - and the need for
firms to rethink their strategies."

To produce the report A-Team Group held structured discussion with a
global sample of senior individuals involved in reference data management at
buy-side firms. Geographically, the survey sampled respondents from around
the globe, in particular from the U.S., U.K. and mainland Europe (with an
emphasis on The Netherlands and Belgium) with the majority of respondents
selected from the top 100 asset management firms in the designated regions.

About GoldenSource

GoldenSource makes it easy to manage critical reference data. We offer an
integrated Enterprise Data Management (EDM) platform for the securities and
investment management industry. Our innovative products are designed to
create, maintain and distribute a trusted Golden Copy. Our unique data model
covers all financial instruments, customers and counterparties, and extends
to transactions and positions. The ability to connect, organise and aggregate
trusted information reduces risk, drives better decisions and helps our
customers achieve their goals.

As a pioneer of EDM solutions, GoldenSource powers managed data services
via the innovative Powered by GoldenSource(tm) program., Powered by
GoldenSource supports outsourced data management services for many of the
world's leading global institutions, including IBM, Broadridge, HSBC and
OpHedge.

For more information, visit http://www.thegoldensource.com

Notes to the editors

For more information:
    UK press office
    Metia Ltd.
    Daniel Diaz
    Tel: +44-203-100-3729
    Email: goldensource@metia.com

    US press office:
    Metia Inc
    Tinne Teugels/Ashleigh Egan
    Tel: +1-917-320-6458/6454
    Email: goldensource@metia.com