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WatersTechnology Recognizes MDSL's Groundbreaking eBonding Integration with FactSet for Market Data Procurement with Award Win for Best New Technology
MDSL, a global leader in Market Data Management (“MDM”) and Technology Expense Management ("TEM") solutions, has been awarded Best New Technology by WatersTechnology for their innovative technology integration with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service. The award was announced during the American Financial Technology Awards (AFTAs) held December 3rd in New York City.
“We are thrilled to be honored alongside so many other leading financial technology providers at this event,” said Charles Layne, Chief Executive Officer of MDSL. “Receiving this award is a testament to the innovative mindset we have at MDSL, and more importantly, reinforces the dedication we have to bringing groundbreaking solutions to the market data management industry.”
WatersTechnology is a leading publication incorporating Inside Market Data, Inside Reference Data, Buy-Side Technology & Sell-Side Technology, and focuses on the data & technology challenges facing capital markets firms. The AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities. The AFTAs consist of two sections: End-User categories and Vendor categories. Only end-user firms — banks, brokers, asset manager and hedge funds — may enter the end-user categories. Only third-party technology providers may enter the vendor categories.
In September this year, MDSL introduced an innovative technology solution with FactSet to automate procurement of Market Data Services and streamline data exchange, providing greater accuracy and increased automation for their clients. When orders and data management flow electronically, data is synced between provider and management platforms and ensures efficient ordering, provisioning, and delivery of market data products and services.
“Since we launched this solution with FactSet, we’ve seen great synergies between our client bases and the ability to bring automation to their market data environments,” said Simon Bone, General Manager of Market Data at MDSL. “Having a group like WatersTechnology bring further validation to this solution through this award brings credit to our partnership, our engineering teams, and shows true innovation in the marketplace.”
“Our work with MDSL helps clients streamline their overall procurement processes in a valuable way,” said Jason Dennis, Senior Vice President, Sales Engineering and Technology Services, FactSet. “This award reflects the positive feedback we receive from clients, who are searching for ways to improve operational efficiency in ways that also support innovation.”
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Market data manager and market data provider automate data exchange to provide greater accuracy and increased automation for their clients
MDSL, a global leader in Market Data Management (“MDM”) and Technology Expense Management ("TEM") solutions, has announced a new technology solution with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service. FactSet Procure to Pay provides the first electronic data exchange to procure services, known as eBonding, between a market data management vendor and market data provider. The result is greater accuracy and increased automation in managing user entitlements for financial market data, leading to faster expense processing and reconciliation for procurement teams.