BST Awards 2020: Best data provider to the buy side—Rimes Technologies

The award for best data provider to the buy side isn’t just about the breadth, depth, quality, and timeliness of data—it’s about overall service and reliability. That’s where winner Rimes Technologies excelled during 2020. Amid exchange closures and unprecedented market volatility, Rimes’ aim during this time was simply to ensure that its clients didn’t need to worry about their data, even as chaos raged around them. “Rebalancing events were postponed or canceled altogether, so if a country is due to enter or leave an index and the event doesn’t happen, our clients benefit from our systematic checks that ensure index portfolios are accurately presented on the platform,” says Rhys Chapman, global head of client services at Rimes. “Every rebalance was pushed in March, with the exception of a few, which were caught. … Those planned rebalances that got pushed happened later in the year, sometimes out of the [index] vendor’s usual rebalance cycle, or even in the middle of the month. Simply put, if you use Rimes, you won’t miss the rebalance.”
Similar challenges arose around the volatility throwing up false positives, for which the vendor adjusted its checks and tolerances, and the impact of negative market sentiment on cutting or cancelling dividends, which requires corrections to the data on those expected dividends, which are already in firms’ systems. “Many such changes occurring close together result in spikes of exceptions to manage. We were seeing two to three times the [normal] volume of exceptions and corrections for most of H1,” Chapman says. “Remember, this was happening while firms had reduced capacity to operate as members of their staff were getting acquainted with Zoom, etc. Rimes continued to hit KPIs during these times, though it took a fair bit of organization and hard work across all of our teams.”
The vendor’s focus for the foreseeable future is to continue to support new ways of working at clients and support business as usual, even when business remains far from normal. “Most of our 350-plus clients are predominantly working ‘out of office’ and we have been releasing normally commercially chargeable services to our clients to ensure their business continues to be successful,” says Andrew Barnett, global head of product strategy at Rimes. “It’s important that we continue to be an extension of our clients’ operating model.”
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
Witad Awards 2025: Technology leader of the year (vendor)—Mary Cecola, Broadridge Financial Solutions
Mary Cecola, CTO for asset management at Broadridge Financial Solutions, wins technology leader of the year (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology innovator of the year (end-user)—Ruchi Acharya Saraswat, RBC Capital Markets
Ruchi Acharya Saraswat, managing director, head of strategy and transformation, business and client services technology at RBC Capital Markets, wins technology innovator of the year (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Best company for diversity and inclusion (end-user)—BNP Paribas Portugal
BNP Paribas Portugal wins best company for diversity and inclusion (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Wellness/work-life balance award (end-user)—Sarah Mears, MUFG Investor Services
Sarah Mears, chief human resources officer at MUFG Investor Services, wins the wellness/work-life balance award (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Exchange professional of the year—Valerie Bannert-Thurner, Nasdaq
Valerie Bannert-Thurner, executive vice president and chief revenue officer of the financial technology division at Nasdaq, wins exchange professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Rising star (vendor)—Hannah Sayson, S&P Global Marketplace
Hannah Sayson, lead product manager of the S&P Global Marketplace, wins rising star (vendor) in the 2025 Women in Technology and Data Awards.