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.
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