Cadis, the global EDM specialist, has been selected by Indexium, to streamline its data management process. Indexium, the Swiss-based startup firm will calculate and distribute all indices for the STOXX Ltd, SIX Swiss Exchange and Deutsche Börse Group.
After a successful Proof of Concept (PoC), Cadis is enabling Indexium to create new data feeds, validate data and establish new workflows. As part of the implementation's first phase, Cadis will roll out its security master and allow Indexium to manage corporate actions and free float information.
"In looking for a data management platform, we found Cadis to be the only provider that offers a flexible approach to managing our data, helping us to generate new, customised functionalities and workflows within the shortest possible time in order to meet our time to market targets," said Christoph Limena, CEO of Indexium. "The rapid proof of concept assured us that Cadis could hit our demanding timelines."
"As we continue to bolster our presence in the Swiss market and across Europe, we are pleased to be working with such an innovative player in the complex world of indices," said Franck Willaime, Managing Director Continental Europe at Cadis. "Our unique approach to demystifying data management enables Indexium to manage its data without any constraints, allowing them to cope with diverse client requirements and data validation rules."