State Street’s DataGX Wins “Best Tech Vendor for Data Management” at RISK.net’s 2016 Buy-Side Awards
December 20 2016 - 12:00PM
Business Wire
Data-as-a-Service Solution Recognized for Infrastructure
State Street Corporation (NYSE: STT) today announced that its
data management solution, DataGX, has been named “Best Tech Vendor
for Data Management” by RISK.net. The data-as-a-service technology
platform, which sits within State Street’s Global Exchange
business, helps clients manage and enrich multi-asset class data,
while providing a holistic view of their business for portfolio
management, analytics and reporting. DataGX is a scalable,
cloud-based solution that allows clients to more completely measure
and evaluate risk, address regulatory concerns and make more
informed, real-time trading decisions.
This is the inaugural year for the RISK.net Buy-side Awards
which is comprised of 32 categories and recognizes best practices
among buy-side firms in risk management and the derivatives
markets.
“Today’s investment climate requires an overwhelming amount of
data, and for many asset owners and managers, these large data sets
are still administered across multiple platforms and systems,
causing inefficiencies from both a resource and technology
standpoint,” said Ivan Matviak, executive vice president and head
of State Street Global Exchange in North America. “The effective
management of data remains a core challenge for clients and one
that will only become more complex with new regulatory mandates
around data generation and reporting.”
Late last year State Street hired Subbiah Subramanian, an
industry veteran with more than 20 years of experience, as senior
vice president and head of DataGX Client Delivery for North America
to lead new client engagements and drive client implementations for
DataGX.
“We will continue to work together with our clients to increase
the efficiency and value of their front office so they can focus
more of their time on performance and forward-looking insights,”
said Subramanian.
To learn more about DataGX click here.
About the RISK.net Buy-side Awards
To be considered for an award, firms must make a submission for
all categories for which they would like to be considered. The
Technology awards are given for specific products or product
modules within 12 designated areas, provided by third-party
technology vendors to the buy side. Submissions to be considered
for the award include client references and specify how the product
in question has been updated over the past year to meet the needs
of customers.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $29 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of September 30, 2016, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
Important Information
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principal
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reliable, but its accuracy is not guaranteed. There is no
representation or warranty as to the current accuracy, reliability
or completeness of, nor liability for, decisions based on such
information and it should not be relied on as such.
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State Street CorporationKerri Doherty,
617-664-1898KCDoherty@statestreet.com@StateStreet
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