BOSTON--(EON: Enhanced Online News)--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.
“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.”
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.
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