Market Data User Group launched in Hong Kong.
AMSTERDAM and HONG KONG, November 23, 2006 – Hong Kong is poised to claim another first: launching Asia’s first market data support and user group called Market Data User Group (the User Group). The User Group will hold its first meeting at 6.30 pm on Thursday, November 23, 2006, at the Reuters Office, 42/F, Gloucester Tower, Central, Hong Kong.
Antony Choi, Director, Market Data Consultants Ltd (MDC) which represents INFOmatch in the Asian market, said, “We hope through the network being built by the User Group, there will be a better exchange of information among financial institutions in Hong Kong and in Asia in matters related to market data.”
The User Group is open to all financial institutions who are interested in sharing their experience in handling tasks related to market data, and in finding best of breed solutions for such tasks.
Barnaby Nelson, Business Owner, Reuters Datascope, who is sponsoring this evening’s event, said, “User groups such as the Market Data User Group are very common in Europe. Financial institutions have been enjoying the benefits of being able to share in knowledge in how to better manage market data and reference data.”
According to Frank Maltais, Head of PreSales, International Business Development, at AIM Software, another sponsor, “The modular and scalable flagship product of AIM Software, the Gain Data Management Platform, offers its client a wide range of functionalities for the automatic processing of financial data, which ultimately will help financial institutions here in Asia minimize the costs and risks associated with back office processes.”
Peter Fruitema, Managing Director at INFOmatch, also a sponsor, adds, “We support this initiative, which will without doubt add value to the local market data industry. We have a lot of experience with European User Groups, such as the UK Information Provider User Group, IPUG, as well as other domestic IPUG subsidiaries. We therefore know that it is valuable for market data professionals to have a platform such as the Market Data Group.”
The other sponsor for the event is ITRS.
For more information about the Market Data User Group, please contact:
Market Data Consultants Ltd
Tel: +852 2802 8980; Mobile: +852 6050 8362
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 – Media products for professionals in the investment industry as well as the 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