Best New Data Product: Euronext
IMD/IRD Awards 2016
![euronext euronext](/sites/default/files/styles/landscape_750_463/public/import/IMG/629/349629/euronext-580x358.jpeg.webp?itok=bIKZDiNV)
The new Euronext platform has clearly impressed customers, with voters awarding it Best New Data Product this year. The reason for its popularity may stem from the fact it helps solve a regulatory pain point in a cost-efficient manner. Michael Hodgson, head of information services, Euronext, says: “We’ve rebuilt our index processor to cater for demand from clients that currently run their own internal index departments but, due to regulation and cost, are now wanting to outsource the calculation and distribution of their indexes to a third-party calculation agent.”
The Euronext index platform was previously focused on Europe and equities, and the new platform has been designed to cover more asset classes and global markets. In fact, Euronext now offers a one-stop shop. It can work with clients on building an index, calculate it for them and make it visible to clients and private investors via its distribution platform and network of data vendors. The new platform also automates and simplifies a lot of the back testing, and offers basic programming that makes designing a new index easy. “We can go from talking to a client about an index to launching it within 10 days, and that reactivity is what clients are saying is very beneficial to them,” says Hodgson.
With a competitive pricing model and a short time to market, the new platform appears to offer a winning formula for the European exchange and its clients.
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
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.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions