Source: Screen Consultants
Screen Consultants, independent experts in market data and providers of market data management solutions, today announced that COMIT AG and its partner Information Performance AG have decided to use INFOmatch for their market data bureau service.
INFOmatch replaces FinOffice, which was used by the Swiss market data specialist so far.
"For several Swiss financial institutions, we manage together with COMIT AG the market data admin process," says Tayfun Gürbostan from Information Performance AG. "We need a reliable system that is flexible in a sense that it should allow us to manage several databases, each having its own specifics. What we like about INFOmatch in particular, is its intuitive user interface and flexible reporting. The system is easy to navigate and allows us to simply switch between customer databases, and we can very easily customise the reports per customer. We feel very comfortable having INFOmatch."
"Outsourcing the market data administrative process, or parts of it, is a growing thing. A growing number of financial institutions have come to the conclusion that this process simply requires specialist resources, due to its complex character," says John Lathouwers, Global Product Marketing Manager at Screen. "This phenomenon has proven to be an opportunity for companies such as COMIT AG and Information Performance AG, who have the specialist expertise on board. They are able to offer their services at attractive rates, resulting in lower administrative cost for financial institutions."
Michel Magnin, director of Screen Switzerland is delighted to welcome COMIT AG and Information Performance AG as the latest INFOmatch customer. "Being true specialists in managing market data, they are second to none at rating market data management systems. We feel honoured that they have chosen INFOmatch."