Aberdeen Asset Management PLC chooses INFOmatch for managing market data cost.
LONDON and AMSTERDAM, May 28, 2008 – Screen INFOmatch, independent experts in market data and providers of market data management solutions, and Aberdeen Asset Management PLC today announced they have entered into an agreement with respect to the use of Screen’s INFOmatch software.
Aberdeen Asset Management PLC, an international investment management group managing assets for both institutions and private individuals from offices around the world, deploys INFOmatch’s ASP version, having the system and its database run on Screen INFOmatch’s server farm, which provides secure access from anywhere at anytime.
In recent months, Spearhead, Screen’s representative in the United Kingdom, had a team of market data consultants on site to populate the database. Aberdeen decided to outsource the data upload process to Spearhead. Although some of this work has been done manually, the largest part of the population was automated by picking up electronic data via Bloomberg SID files and upload these directly into the INFOmatch system through INFOmatch’s Bloomberg SID interface. After this upload INFOmatch directly displayed a clear overview of all installed Bloomberg terminals, who uses them, what services are permissioned, price information, and where they are installed.
The agreement between Screen INFOmatch and Aberdeen consists of a managed service model, which means Spearhead will be responsible for maintaining the data within INFOmatch. Aberdeen has chosen to outsource its market data administration due to its complex character and to fully benefit from Screen’s expertise in this area. The service includes, amongst others, allocating cost to user level, checking and reconciling invoices and delivering highly customised management reports.
About Screen INFOmatch
Screen Consultants is the leading Independent Market Data & Financial Technology Specialist for the Financial Services Industry. Screen offers specialist services on information services, technology and cost management in financial institutions’ front, middle, and back-offices. Screen has a global presence and its customer base includes more than 200 financial institutions world-wide. Screen provides value to its clients through three lines of business:
Specialist services – Screen delivers a full range of market data management services such as cost reduction studies, managed services, dealing room benchmarking projects, and assists with making strategic choices related to investment management technology.
INFOmatch® – the number-1 rated administrative tool to manage market data costs and contracts, control entitlements, budgets and changes. INFOmatch has interfaces to major vendors such as Reuters (DACS), Telekurs and Bloomberg.
Screen Markets – Organisation of exhibitions and conferences for the financial community across the globe.
For further information please contact:
Screen INFOmatch BV
Mr. Peter Fruitema
Director Screen INFOmatch
Tel: +31 73 6122 940