State Street’s DataGX Wins “Best Data Provider” at Hedge Fund Management US Technology Awards
March 15 2017 - 2:07PM
Business Wire
State Street Corporation (NYSE: STT) today announced that its
data management solution, DataGX, has been voted “Best Data
Provider” by the Hedge Fund Management 2017 US Technology Awards.
The awards, announced in February at a ceremony in New York City,
recognize technology providers across 31 different categories that
serve the hedge fund sector and have demonstrated innovative
development and excellent client service in the last 12 months. A
panel of editors and independent industry judges selected the
winners.
“Alternative asset managers encounter an overwhelming amount of
data in today’s investment environment,” said Subbiah Subramanian,
senior vice president and head of DataGX Client Delivery for North
America. “Many are challenged with inefficiencies due to the
multiple platforms and systems that manage these large data sets.
Our DataGX platform provides our clients a holistic view of their
investment portfolios, taking these data sets across disparate
systems and turning them into valuable insights.”
DataGX, which sits within State Street’s Global Exchange
business, helps clients manage and enrich multi-asset class data
while providing a complete view of their business for portfolio
management, analytics and reporting. The data-as-a-service platform
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.
“As new regulatory mandates around data generation and reporting
are introduced, data management will grow even more complex,”
continued Subramanian. “At State Street, we strive to collaborate
with our clients throughout these changes, supporting their focus
on improved performance and insights.”
To learn more about DataGX click here.
About State Street
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 December 31, 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.
* Assets under management were $2.47 trillion as of December 31,
2016. AUM reflects approximately $30.62 billion (as of December 31,
2016) with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
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State Street CorporationJulie Kane,
+1-617-664-3001jekane@statestreet.com@StateStreet
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