NeoXam partners with Market Data Professionals

From Asset Servicing Times:

Financial software company NeoXam has signed a strategic agreement with Market Data Professionals (MDP), experts in market data management.

MDP’s Kees Brooimans, Peter Fruitema and Albert Vliegen, who have been in the market data arena for more than 30 years each, are leading the formation of the alliance with NeoXam.

Their expertise alongside NeoXam’s enterprise data management solution NeoXam DataHub, is set to solve key challenges that financial institutions face such as the rise of market data cost.

NeoXam says its DataHub platform enables financial institutions to better understand and tackle a wider breadth of market and reference data challenges such as data cost, multi-vendor strategies, reconciling various sources and service level agreement anagement.

Philipp Sfeir, general manager Germany, Austria, and Switzerland regions at NeoXam, says: “Working with MDP will raise awareness about the pressing data challenges that the financial industry faces. MDP’s industry experience, product know how and unique relationship network enables NeoXam to extend the reach of our established DataHub platform.”

“As the market landscape evolves, we are keen to help more buy side and sell side firms to deal more effectively with the explosion in data demand and costs while ensuring operational efficiency.”

Kees Brooimans, managing director and co-founder of MDP, adds: “We are excited to support a proven international Data Management player like NeoXam to position their business in the D-A-CH region. With our long year industry experience, sales and marketing skills and relationship network we are confident to help boost success.”