Buy-Side Technology Awards: Best Overall Buy-Side Technology Provider for 2012─Markit
The acquisitions of data management specialist Cadis; Trade EQM, a TCA tool from Quantitative Services Group; and Data Explorers, a provider of benchmarking information to the securities-lending industry-all of which occurred over the last 12 months─will provide Markit with significant additional recurring revenue streams, as all three providers boast deep buy-side penetration. Markit will also no doubt be eyeing cross-selling opportunities across its substantial buy-side client base, a strategy likely to prove popular for asset managers looking to rationalize their vendor relationships, while at the same time benefitting from the firm's market-leading product lineup.
Markit, founded by CEO Lance Uggla and small group of TD Securities executives back in 2001 with the aim of providing buy-side and sell-side firms with a reliable and transparent credit default swap (CDS) pricing service, is a fine example of what can be achieved with the right product or service and the right people in a relatively short period of time in the financial services industry. In little over a decade, the firm has grown its headcount to more than 2,500 with offices in all the financial industry's hot-spots.
But while growing through acquisition has the ability to fast-track a firm's size and profitability, it does have its potential pitfalls, chief among which is the danger of hurting the acquired brands. Of course, Markit's head honchos will be aware of this, but premium brands are delicate things and this industry has witnessed more than a handful of acquisitions that have failed to deliver the anticipated benefits.
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won two categories in this year’s Waters Rankings: Best enterprise data management (EDM) system provider and Best reporting system provider, which is the subject of this interview.
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.