MarkLogic Corporation, the operational and transactional Enterprise NoSQL database provider, has announced that Amsterdam based ABN AMRO Bank, has chosen the MarkLogic database for its Trade Store.
ABN AMRO is using MarkLogic to bring unstructured and structured trade data into one central operational trade data store. With a record of every order and trade event, ABN AMRO can comply with internal and external reporting requirements now and in the future.
Jaap Boersma, Principal Architect for Capital Markets Solutions, ABN AMRO Bank N.V., said, "We need the ability to respond quickly to changing regulatory requirements. We chose MarkLogic because trade data is notoriously difficult to handle in relational databases. We found the breadth of MarkLogic's multi-model database and associated features, such as security and ACID transactions, to be compelling.
By searching and analysing all our trade data in new ways, we can also envisage other business intelligence benefits such as discovering trends in how trading occurs as well as opportunities in the risk space."