ING Group has hired Screen Consultants to optimise its market data delivery infrastructure at 500 dealing positions across sites in South West Europe.
The new contract - which includes positions at Banque Brussels Lambert (BBL) in Brussels, Geneva and Madrid, and ING Ferri in Paris - follows the completion of a successful study at ING’s Crédit Européen in Luxembourg earlier this year which resulted in significant cost savings in yearly market data expenditure, says the firm.
The project entails the installation of Screen Consultants' INFOmatch product, consisting of a central database in Brussels, with local clients in Paris, Luxembourg, Geneva and Madrid. INFOmatch will also be used to control the Reuters' DACS permissioning system in Brussels, Paris and Luxembourg.
The infrastructure supports a move to centralised market data management for ING South West Europe in Brussels, with local clients having exclusive access to and update rights for their part of the database.