Index License Manager Earns Prestigious Industry Recognition as part of the 2021 CODiE Awards
WASHINGTON, D.C. (June 22, 2021) - Calero-MDSL, a leading provider of Technology Expense Management (TEM) and Market Data Management solutions, today announced that their Index License Manager (ILM) product has been named the best Fintech Solution of 2021 as part of the annual SIIA CODiE Awards. The CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the world.
Index licensing fees have skyrocketed through valuation-based fee models that increasingly benefit index providers. The ILM platform reduces manual processes for both the buy-side and sell-side, automates reporting capabilities and vendor declarations, improves cost allocation methodologies (e.g. to funds), and helps conform with recently enforced benchmark regulations and IOSCO’s Principles for Financial Benchmarks. The centralized database contains index data licenses, benchmark licenses, reporting licenses, and all other index license types, with an intuitive user interface developed specifically for index license management. The result is an informed and complete holistic dashboard view of an organization’s enterprise-wide licensing with all index providers. Index License Management from Calero-MDSL has previously won the same SIIA CODiE Award in 2020.
“Congratulations to all of the 2021 Business Technology CODiE Award winners,” said SIIA President Jeff Joseph. “The products honored this year hold a particularly special place in the distinguished history of the CODiEs. Many of these winners literally helped business survive, and even thrive, as the global business community transitioned to remote status due to the pandemic. All those honored today demonstrate the resilience of this dynamic industry. Innovation continued even in the face of an unprecedented challenging year.”