BST Awards 2022: Best buy-side managed data service—Rimes
Product: Managed Data Services
Overview
Rimes’ Managed Data Service (MDS) is designed to streamline enterprise-wide data management processes across the front, middle and back offices. It provides access to accurate, business-critical data, including exchange-traded funds and ESG data. The firm’s scalable and flexible support model provides management oversight, audit capabilities and supports risk management functions.
“Over the last 12 months, Rimes has experienced unprecedented growth. We have expanded our capabilities and global footprint, hired exceptional new talent, established meaningful partnerships, extended asset classes and data management domains, and entered into new markets. Client relationships are transforming into highly collaborative partnerships, achieved by creating blended teams who share skills, experiences, responsibilities and stringent service-level agreements, underpinned by a relentless focus on delivering agreed outcomes. We appreciate their support and trust in our ability.”
Brad Hunt, CEO, Rimes
What problem does it address?
The MDS platform, integrated with the Rimes platform, is available as a one-stop service or as independent offerings based on clients’ needs. Rimes’ architecture stores and manages all data in a single view, supports rapid change requirements and reduces risk and operating costs, delivering accelerated time-to-market using validated data. MDS hosts over 2,000 data sources from more than 720 vendors, comprising indexes, ETF and ESG data, reference and market data, and stock exchanges.
Secret sauce
Rimes provides clients with underlying asset class data and indices to which they are benchmarked, including holdings and benchmark constituents. This enables them to perform portfolio, risk, compliance and performance analysis according to their own specifications. Rimes’ proprietary data mastering algorithms are integrated with the MDS platform supporting front-, middle- and back-office investment intelligence and customers’ downstream data usage, as well as data lakes and third-party providers.
Recent milestones
In 2022, Rimes signed nine new clients and entered the insurance sector. The firm sees the addition of ETF and ESG data and associated specialist services as key differentiators.
Future objectives
- Expanding capabilities in enriching listed fixed-income instruments.
- Development of MDS data discovery/dashboard capabilities, desktop tools and analytical APIs to support back-testing of model scenarios.
- Expanded distribution of MDS data to client downstream systems through portals, APIs, FTP or directly into applications.
- Advanced query capabilities through the Neo4j graph database management system.
Why they won
London-based Rimes has the most consistent track record of all entrants since the BST Awards were launched back in 2007: It has won at least one category in all but one of the past 15 editions, and this year is no different as it walks away with the best buy-side managed data service category thanks to its Managed Data Service. The service has grown appreciably over the years―it now incorporates over 2,000 data sources from over 720 vendors, comprising indexes, ETF and ESG data, and market and reference data―although the firm’s recipe for success remains unchanged: Rimes “folds” its services around its substantial buy-side clientele, essentially creating unique, customized versions of its offering for each and every one of them.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- Women in Technology & Data Awards 2024: All the winners and why they won