The Philadelphia Stock Exchange standardises on Cognos 8 Business Intelligence   19th March 2007 The Philadelphia Stock Exchange (PHLX) has standardised on Cognos 8 Business Intelligence (BI) for a more unified and complete view of organisational performance. Exchange employees will use Cognos 8 BI to view membership data, keep track of new and old account information, and gain information about new products, options, equities, real-time trade report data, and clearing and exchange billing. In addition, Cognos 8 BI will automatically deliver daily, monthly and quarterly reports on billing and trading activities. Prior to using Cognos software, the PHLX had data stored in separate remote groups. After a competitive review, the PHLX chose Cognos 8 BI as its standard reporting system to gain one unified and interactive view of information from its diverse set of management applications and isolated data silos. With a central reporting system and a common front end, employees will be able to select from a list of commonly used reports or create ad hoc reports to get answers to questions and find new information. The PHLX will use IBM's WebSphere portal as the interface and access point for Cognos 8 BI. “With the legacy mainframe and data islands, we could only view data in isolated chunks,” said Doug Schafer, first vice president of derivatives trading systems development and back office redesign, the Philadelphia Stock Exchange. “Standardising on Cognos 8 BI provides us with a better look at the company in order to deliver critical business insights and drive improved decision-making. While it is a more comprehensive system, it is still easy for our non-technical employees to use regularly.” “The Philadelphia Stock Exchange's standardisation on Cognos 8 BI is demonstrative of our competitive edge in the business intelligence market, and the financial services industry,” said Laurence Trigwell, senior financial services industry director, Cognos. Related FSN articles: FSN Product Review, Cognos 8 “Performance Management fit for the whole organisation”
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