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Charles Schwab Investment Management, Inc. Selects PACE Data Warehouse.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif.--(BUSINESS WIRE)--Aug. 3, 1998--Charles Schwab Investment Management, Inc. (CSIM CSIM Community Sea Ice Model
CSIM Cryogenic Systems Integration Model
CSIM C-language-based Simulator
CSIM Client Side Image Mapping
), a subsidiary of The Charles Schwab Charles Schwab can refer to:
  • Charles M. Schwab, founder of Bethlehem Steel.
  • Charles R. Schwab, founder of the brokerage.
  • Charles Schwab Corporation, the brokerage.
 Corporation, a world leader in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 and the largest on-line broker, has selected Eagle Development Group's PACE Investment Reporting and Data Warehouse System to act as a data hub, integrating its portfolio management, trading, accounting and custody information.

"Our Compliance department must extract and compile data from multiple locations when analyzing and reporting on our Funds' investments," said Tai-Chin Tung, Controller of CSIM and Principal Financial Officer of SchwabFunds(R). "We were looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 a system that would allow us to streamline our data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration).  processes, thereby increasing our productivity," Ms. Tung explained, "Through PACE's integration capabilities, we hope to achieve these productivity improvements."

"From a technical standpoint, a product like PACE is advantageous because the product is fully scalable, which means that as our business grows, and our requirements evolve and change, so will PACE. The system is based on leading-edge, proven technology, which helps to eliminate the guesswork, " commented Ben Jones, Vice President of Technology at CSIM.

"We are truly excited in knowing that PACE will play a major role in CSIM's daily business," said Lou Maiuri, Partner at Eagle and Director of PACE Development. Our understanding of the investment management business, coupled with our leadingedge development of data management solutions, make Eagle a perfect fit and we look forward to a growing relationship with CSIM."

Developed in 1995, the PACE Investment Reporting and Data Warehouse accepts feeds from third-party data providers, such as CAMRA, PORTIA, PAM, Bloomberg, Salomon Yield Book and many others. With the ability to store data from multiple sources, users are able to custom-design diverse reports that cross all data sources through a wizard process. Data maintained in PACE also may be exported to other systems or seamlessly passed into Excel or Lotus via OLE.

PACE is a three-tier architected system written in Visual C++ and is a Microsoft Windows Win32 api. At the client level PACE is compatible with Windows95, Windows NT3.5 and NT4.0. Its database technology is Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System.  6.5, Sybase and Oracle, and has Internet/Intranet capabilities.

Eagle Development Group, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 Corporate Profile http://www.businesswire.com/webbox/bw.052298/702290.htm

    CONTACT: Eagle Development Group, LLC
              Kelli P. Woodworth, 877-EAGLPACE (877/324-5722)
              kwoodworth@eagledev.com


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Aug 3, 1998
Words:389
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