Risk management solution vendor Algorithmics’ decision to roll out First Derivatives’ Delta Reference Data Factory as its new core reference data engine (announced last week, see coverage here) was driven by a desire to reduce new client implementation times and to allow for a more plug and play approach to changing existing customers’ data feeds, according to Roger Orde, senior director of Algo Risk Service at Algorithmics. The vendors have been in discussions about a possible rollout for quite some time, around three years in fact, but these discussions only became serious within the last eight to 12 months, as Algorithmics felt the pressure of increasing client numbers on its in-house data management system.

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If further proof was needed of the importance of reference data management to the risk function (see coverage here, for example), the news that risk management solution provider Algorithmics has decided to invest in a new core reference data engine should provide it. Algorithmics has signed up for First Derivatives’ Delta Reference Data Factory, which the vendor acquired along with RDF back in October last year (see our coverage here), in order to feed its risk management systems with accurate, cleansed reference data.

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