INDATA, a provider of software, technology and services for buy-side firms, has released Epic Data API, a technology toolkit for connecting systems and data sources, extending or creating software programmes, custom reports and mobile-friendly applications.
The release is available to clients using INDATA’s iPM Epic solution, an investment software platform specifically designed for the era of big data.
Buy side firms are under ever increasing pressure to not only replace legacy systems, but to do more with less by extending current systems to be able to keep up with the regulatory environment, increased investor scrutiny and downward fees pressures.
APIs have numerous uses, effectively connecting key systems in a plug-and-play fashion, such as portfolio modelling/optimisation applications, risk/analytics engines, compliance, OMS and back office systems. The use of APIs provide firms with greater flexibility, reduced costs and faster deployment times for essential information across the organisation.
Epic Data API provides INDATA clients with a technology toolkit that allows them to link and connect their external systems and data sources in a new way, resulting in the ability to provide accurate and up-to-date information via the big data tools already provided by iPM Epic, which can be leveraged to extend current software programmes or create new ones along with custom reports and mobile friendly applications.
Implementation of Epic Data API also allows INDATA clients to unlock the power of their own INDATA analytics including portfolio and securities data metrics, compliance, performance, risk, attribution and other key system calculations which can be shared or used to power external applications and reports in an efficient manner.
“We are very excited to announce the release of Epic Data API,” says David J Csiki, president of INDATA. “Epic Data API greatly extends and expands the capabilities of our iPM Epic solution, allowing our clients to leverage a best-of-class set of technology tools to create greater ROI, operational efficiency and reduced costs.”