Cognos (Nasdaq: COGN; TSX: CSN) announced that the Philadelphia Stock Exchange (PHLX) has standardized on Cognos 8 Business Intelligence (BI) for a more unified and complete view of organizational performance.
The first securities exchange in the U.S., and founded in 1790, the PHLX has a strong tradition of innovation and continues to respond to the ever-changing needs of the investment community. The company was looking for a more comprehensive reporting system to allow it to better manage membership data. 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. Cognos 8 BI will enable prompted and ad-hoc reporting to help centralize diverse and redundant applications, as well as ensure reliable information sharing.
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. The software’s ease of use will enable all Exchange employees to 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. These reporting activities will provide employees with easier access to information they need to make better business decisions. [Read more…]