Shanghai-based CITIC Securities (CITICS) has selected NeoXam to deliver its master data management project.
The project aims to create a single source of truth for reference data across all of CITICS’ asset classes, business entities and corporate actions.
NeoXam’s data management solutions DataHub will be used to collect, clean and process data from a range of sources, including Bloomberg, Refinitiv and Wind. It will then generate golden copy data.
Tim Versteeg, managing director for APAC at NeoXam, comments: “With the replacement of its current vendor data management system by DataHub, the long-term partnership [between NeoXam and CITICS] is further strengthened. We believe that NeoXam Datahub will help CITICS reduce the cost and risk of data operation and maintenance.”
