Connamara releases securities data solution TADD

Connamara Systems, providers of end-to-end trading systems, market data solutions and development services, have announced the release of its Tradeable Asset Document Database (TADD). TADD utilizes evolutionary document-based architecture to store all defining information on tradable securities.

Connamara's TADD streamlines data collection and functions as a central repository for tradeable assets. The solution is designed to replace the fragmented databases currently in use by many organizations. TADD interfaces with platforms requiring data on securities, including trading systems, risk management systems, back-office accounting systems and algorithms.

The document-based nature of TADD incorporates all the information of a given security into a distinct document for that security. This is in contrast to most securities databases, which operate using a relational model in which a security is defined by it's relation to other securities. The relational model can create problems when organizations begin trading or servicing an additional asset class, as they are forced to define those securities by relation to the securities previously supported.

Jim Downs, Connamara founder and chief executive officer, explains, "Until now, expansion into new asset classes and even gathering all the necessary information on existing securities has been a major drain on an organization's resources. TADD makes scaling painless, efficient and less costly. Organizations that are growing or looking to streamline their operations are finding tremendous economical advantage to the document-based approach."

Connamara sells TADD using its trademark payment model - consisting of a one-time licensing fee - in which the code is consigned. There is no fee for each additional document added to TADD. Downs adds, "We at Connamara believe in putting our clients ahead of the curve. Our model embraces the marrying of ideas and concepts that help our clients drive progress and carry the industry forward." Clients can deploy TADD themselves or elect to have Connamara host the solution.