Screen Nordic facilitates Swedish market data forum.
Upon request of Swedish tier-one financial institutions, the Scandinavian affiliate of Screen Consultants, has started facilitating a local market data platform, which enables Swedish banks to exchange information on market data and market data related topics.
STOCKHOLM and AMSTERDAM, March 6, 2006 – Screen Consultants, the leading independent experts in market data and providers of market data management solutions, today announced that it is facilitating an initiative between Swedish financial institutions, enabling them to discuss market data. Initiated by Handelsbanken, the forum first gathered together in December 2004. In the mean time the group is heading towards its 6th meeting (on a quarterly basis). Thomas Duveblad, market data manager at Handelsbanken, says that the bank approached Screen, saying it has a strong prescence in Stockholm and that Handelsbanken needed a forum to communicate with other market data users.
Today’s Swedish financial institutions participating are mostly banks and pension funds and include Handelsbanken, Swedbank, Nordea, Sveriges Riksbank, Robur, Första och Trejde AP-fonden, Alecta, Öhman Fondkomission, SEB, Enskilda Securities and ABN Amro, Alfred Berg. The executives representing them include heads of market data, IT managers, administration directors and heads of business support. The forum’s character is informal, with no intention to shape it to a more formal entity, such as UK-based IPUG.
“I think, in general, the problems that Swedish clients are facing are the same as the rest of the European financial markets. Market data is a topic which includes many aspects. From experience we know that any financial institution has its challenges with market data. One issue that is maybe more Scandinavian is the new intergrated securities market in the Nordic [area] and how that will influence the clients in terms of pricing and delivery,” says Asa Kullberg, co-director of Screen Nordic. Caroline Spets, also co-director Screen Nordic adds: “All being market data consumers, the members find it comfortable having the opportunity to share experiences and knowledge in this field. The non-competitive format of the forum leverages the exchange of information”.
The forum’s agenda items are related to any market data category, including real-time data, historical data and reference data. Usually, the agenda is based upon members’ input and sometimes guest speakers are invited from vendors or stock exchanges.
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.
For additional information please contact:
Screen INFOmatch BV
Mr. Peter Fruitema
Director Screen INFOmatch
Tel: +31 73 6122 940