In the fast-paced world of asset management, data accuracy and accessibility directly impact trading performance. For a leading global asset management firm, data had become both its greatest asset and its biggest challenge. Outdated systems, fragmented information sources, and manual reporting processes hindered portfolio managers from accessing real-time, reliable trading and securities data.

To address these challenges, NuWare partnered with the client to implement IHS Markit’s Enterprise Data Management (EDM) platform, an enterprise-grade solution that unified data streams, improved compliance, and enabled seamless reporting across the organization.

The result was a centralized data hub that empowered the firm to trade smarter, respond faster, and operate with unprecedented transparency and efficiency.

The client’s operational inefficiencies stemmed from a complex and fragmented legacy infrastructure. NuWare’s analysis identified several key pain points:
1. Operational Inefficiency and Delayed Decision-Making Disconnected systems and inconsistent data slowed down access to critical trading information, delaying execution and increasing operational risk.
2. Outdated Technology and High Maintenance Costs Legacy systems were expensive to maintain and struggled to integrate with modern trading tools, limiting agility and innovation.
3. Lack of Centralized Data Control Each business unit maintained its own datasets, resulting in multiple “versions of truth” and limited visibility across the organization.
4. Compliance and Governance Challenges The absence of a unified data model made it difficult to maintain auditability, traceability, and regulatory compliance, crucial for an asset management firm operating in multiple markets.

The client needed a modern data management framework capable of consolidating data across business lines, ensuring accuracy, and enabling faster, insight-driven trading decisions.

NuWare recommended the adoption and integration of IHS Markit EDM, a trusted enterprise data management platform widely used across global financial institutions. The engagement focused on transforming the client’s data infrastructure through:
1. Unified Data Architecture

• Implemented a robust security master to consolidate securities, pricing, and reference data into a single, authoritative source.
• Created a centralized data repository to integrate information from disparate systems and business units, ensuring a single version of truth.

2. Streamlined Data Validation and Reconciliation

• Designed automated validation workflows to ensure data quality, consistency, and completeness.
• Introduced reconciliation mechanisms to align upstream and downstream systems, reducing manual corrections and rework.

3. Enhanced Reporting and Transparency

• Developed a custom reporting tool on top of Markit EDM to provide visibility into data lineage, exceptions, and business metrics.
• Empowered business users to generate real-time reports without IT intervention, improving responsiveness and decision speed.

4. Accelerated Development and Deployment

• NuWare’s engineering team delivered the complete solution, from analysis to deployment, within 12 weeks, ensuring rapid business impact.
• Adopted a modular approach to allow future scalability, customization, and integration with trading and compliance systems.

The Markit EDM solution transformed the client’s data landscape, achieving operational excellence, stronger compliance, and improved time-to-market for investment strategies.
1. Optimized Operations and Efficiency

• Unified data sources and automated workflows reduced operational bottlenecks and increased throughput.
• Portfolio managers gained instant access to clean, reconciled trading data, accelerating decision-making.

2. Enhanced Data Control and Governance

• Centralized data management improved auditability and lineage tracking, providing a clear view of data origin and transformation.
• Strengthened compliance with evolving financial regulations across markets.

3. Improved Transparency and Accountability

• A single, integrated data model provided end-to-end visibility across all business units.
• Management could now monitor performance, exceptions, and reconciliations from one unified dashboard.

4. Faster Time-to-Market

• The custom implementation was completed in just 12 weeks, allowing the client to see immediate ROI and operational gains.

5. Empowered Portfolio Managers

• Access to accurate, near real-time data allowed managers to react swiftly to market opportunities, driving better trading outcomes and reducing missed opportunities.

Following the successful deployment of Markit EDM, NuWare continues to collaborate with the client to evolve the data management ecosystem further:

• 1.Integration with Advanced Analytics and AI: Applying machine learning to detect anomalies, automate exception handling, and enhance predictive data quality management.
• 2.Cloud Migration: Transitioning EDM workloads to a hybrid cloud setup for improved scalability and cost efficiency.
• 3.Extended Data Domains: Expanding beyond securities and trades to include risk, performance, and ESG datasets.
• 4.Data-as-a-Service (DaaS): Enabling external data sharing with partners and regulators through controlled, API-driven access.

These ongoing enhancements are positioning the firm to move toward real-time, intelligence-driven operations, turning data management into a strategic differentiator.