MarketXS chooses INFOmatch.
AMSTERDAM, June 2, 2004 – MarketXS and Screen Consultants, today, announced that they have entered into an agreement with respect to the use of Screen’s INFOmatch® software. MarketXS, a leading provider of market data technology and trading solutions whose business is rapidly expanding, has completed the search for a professional system supporting the daily financial administration processes. Over the past couple of months, the vendor compared INFOmatch® with different systems, supporting contract management. The company focused on market data contract management systems rather than generic back-office systems, because of the complex nature of market data contracts and pricing structures.
INFOmatch® was chosen because MarketXS was impressed by its ease-of-use and structured billing process that helps MarketXS to serve its clients even better. In the next couple of months the software is planned to be rolled out to some 22 end-users, spread over MarketXS’ European offices, starting at the Amsterdam headquarters. The system will support MarketXS’ back-office processes, in particular billing to customers and contract management.
MarketXS CEO, Floris Alkemade comments: “We are happy to implement INFOmatch® as our content management and billing system. MarketXS’ rapid growth has made it necessary to look at a back office system that can handle more complex administrative processes and INFOmatch® really serves our needs. For MarketXS the introduction of INFOmatch® is another solid pillar for the further extension of our successful company”.
On behalf of Screen Consultants, Peter Fruitema, Managing Director states that the company is honoured to welcome MarketXS as a customer. “So far, INFOmatch®’s install base consisted of financial institutions. The deal with MarketXS is INFOmatch®’s first installation at a technology provider and represents Screen’s entry into a promising new market”. In addition, MarketXS and Screen Consultants announced that they are in far-reaching talks about using MarketXS’ infrastructure for hosting the INFOmatch® software, for those clients who wish to run INFOmatch® in a Software-As-a-Service model.
MarketXS is a leading provider of real-time market data technology and trading solutions. Over 350 customers use its high-availability market data infrastructure, the Finance Engine™, to power terminals, websites, transaction systems or any other real-time market data application for front, middle or back-office with any source of data. Rendering conventional market data systems obsolete, the Finance Engine™ provides maximum flexibility, rapid deployment and low total cost of ownership. MarketXS data sources include Telerate, ComStock, Telekurs, Dow Jones Newswires, Standard & Poor’s, FT Interactive and direct feeds from major exchanges such as Euronext and Nasdaq. MarketXS is the exclusive distributor of Telerate products in The Netherlands, Belgium and Luxembourg.
About Screen Consultants
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 the front, middle, and back-offices of financial institutions. Screen has global presence and more than 200 financial institutions world-wide as customers. Screen provides value to its clients through three lines of business:
Business Consultancy – Through the consultancy business Screen can deliver a full range of market data management services such as cost reduction studies, contract negotiations, dealing room benchmarking projects, and assist with making strategic choices related to investment management technology.
INFOmatch® – the administrative tool to manage market data costs and contracts, control entitlements, budgets and changes. INFOmatch® has interfaces to major vendors such as Reuters (DACS), Moneyline Telerate Observer+ and Bloomberg. The software can be licensed to run in-house by customer’s staff or, as an alternative, by Screen’s market data specialists.
Screen Events – annual exhibitions and conferences for the financial community organised in several European financial centres.
The Screen Group offers a range of specialised services and solutions for the professional financial services industry.
At the foundation of the company Screen built a unique consultancy practice that has made Screen the global leader for market and reference data advisory services. Through benchmarking, user profiling and requirements inventory Screen assists user firms in optimising their market data spend, as well as in researching, selecting and implementing software applications and solutions.
To inform the Financial Services Industry of new vendors and industry trends, Screen has been organising one day trade shows, Screen Events, for the last 18 years.
The offering is completed with a range of in-house developed and supported software solutions, the INFOmatch suite, which allows user firms to manage market data spend, create cost transparency and reduce redundant services.
The labels that represent this unique suite of complementary services are Screen Consultants, Screen Markets and Screen INFOmatch.
For further information please contact:
Mr. Roel Mels
Tel: +31 73 6122 940