Market data firm Cicada has expanded its data cleansing services implementation options with the launch of Information Integrity Services, a custom-designed package of services running from complete outsourcing to software licensing and hybrid combinations.
Data quality is increasingly being recognised as a central issue for straight-through processing (STP), risk management, Basel II compliance and CRM.
Cicada's Composer technology platform handles securities reference data acqusition, maintenance and distribution. The new IIS service offers users an expanded range of operational models, supplementing Composer licensing with the services of Cicada's professional data management team.
Hubert Holmes, executive vice president, Cicada, says: "Our cleansing and validation services for all categories of securities and counterparty data, complemented with our flexible business models, provide clients with a tailored solution to fully meet their needs."