The Australian Securities Exchange (ASX) and GoldenSource, a leading independent provider of enterprise data management (EDM) solutions for the securities and investment industry, have completed the re-architecting of ASX’s core back office systems.



The completion of the project sees ASX go live with GoldenSource’s EDM system for corporate actions management, resulting in faster speed to market and product development, increased automation, and straight through processing (STP).





The installation of GoldenSource’s EDM will facilitate near-real time processing of ASX reference data. ASX expects to achieve overall productivity benefits of up to 80% on the previous system.

 

Timothy Hogben, ASX’s group executive operations, said: “ASX selected GoldenSource to replace its legacy system based on the strength and range of GoldenSource’s data model. It enables ASX to accurately model and link together customer, issuer, instrument and corporate actions data while being able to scale in a structured manner.”

 

The flexible business process management capabilities support ASX’s custom business and workflow processes, which are driven by both regulatory and compliance responsibilities, as well as internal and market-related requirements. “Ultimately, GoldenSource provides the optimum mix of out-of–the-box capability and configurability that is flexible yet structured, and gives ASX the ability to enhance its responsiveness to the marketplace,” said Hogben.

 

GoldenSource has been in production at ASX since mid-2012 and is the foundation of ASX’s Market Announcement Platform. The current project expands ASX’s use of GoldenSource’s EDM, enhancing management of corporate action announcements, securities reference data and entity data as a platform to

support ASX’s growing operations. It also provides ASX with full flexibility to enable further innovation in the market.