RIMES, the leading provider of managed data services for the buy-side, today announced that RIMES Reference Data Service (RIMES RDS) was named “Best Operational Data Provider” by the 2014 FTF News Technology Innovation Awards. The awards honor the best securities operations technology providers in the industry.
The Best Operational Data Provider Award is presented to the firm whose work is most critical to post-trade processing and operating in such areas as corporate actions data, settlement instruction support, entity identifiers, financial messaging, reference data operations support and support for data standards. Other nominees in this category included BNY Mellon, Interactive Data Corporation, SmartCo and Wipro.
As buy-side firms continue to confront the growing issues associated with data complexity and diversity, RIMES RDS delivers a fully managed service that allows for bespoke management of disparate data sources. This includes collecting, remediating, transforming, storing and distributing data directly to business processes with the ability to integrate with existing workflow and also complement other RIMES managed services.
Alessandro Ferrari, SVP Global Marketing, RIMES Technologies, comments, “This is our second accolade in 2014. We are proud to be recognized by FTF News for RIMES Reference Data Service. RIMES RDS allows firms to capitalize on existing sources of security and reference data, across their entire business. Whether addressing regulation or the rapid increase of data volumes, RIMES RDS delivers a permanent solution to crucial business challenges. We will continue to innovate and grow our offering to combat these challenges and provide cost-effective solutions in the process.”
RIMES will accept the award at the FTF News Awards Dinner on Monday, June 16th, 2014 on the Hornblower Infinity Yacht in New York. The full list of the 2014 FTF News Technology Innovation Awards winners can be found here.
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