BSI to manage market data with INFOmatch
AMSTERDAM, January 27, 2005 – BSI SA, one of Switzerland’s major banks acting in private banking and asset management, has entered into an agreement with Screen Consultants for the use of INFOmatch to manage its market data. At its headquarter in Lugano, BSI – established under the name of Banca della Svizzera Italiana – will use INFOmatch to track some 400 users of market data services across the organisation. The system will be used by 4 market data administrators. The installation is planned to be finished by the beginning of the second quarter of this year.
So far, BSI has managed its information services cost by using Excel. According to Mr. Briganti, BSI’s market data manager, this instrument is no longer suited for a smart cost management process, taking into account the size of the user organisation and the number of financial applications in use. He adds that BSI has decided for INFOmatch because it is not only a database to store user data and contractual information, but a real open system, which seamlessly integrates data from other systems for the day-to-day activity. “The main goal with INFOmatch is to manage our contracts with vendors of market data and other financial information services; in the future we would like to integrate all IT costs, including telecom”, according to Mr. Briganti.
BSI is member of Swiss Information Provider User Group (SIPUG). Founded in 1992, the SIPUG is the principal organisation in Switzerland representing users of market data services. The SIPUG provides a platform to its members to discuss all market data issues on a technical, administrative and strategic level.
According to Mr. Briganti, BSI has chosen for Screen because of its proven knowledge and international experience in the market data field. “Screen Consultants is not just a software company, they are true market data specialists. INFOmatch’s intelligence proves this”, says Mr. Briganti.
Mr. Magnin, director of Screen Consultants’ Swiss operation is delighted to welcome BSI on board. “This is another success in the Swiss market. It proves that INFOmatch’s new release is considered being the best system in the market”. Peter Fruitema, Managing Director Screen INFOmatch, adds: “We consider Switzerland being one of our strategic markets. The Swiss banking community expects the highest levels of professionalism from its partners. Our recent successes have proven that we meet these levels and that our customers feel comfortable with using INFOmatch. We are pleased to enter into a partnership with BSI”.
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