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Benchmark Solutions Named Most Innovative Market Data Project in the 2012 Inside Market Data Awards

Category recognizes firms that bring innovation and significant efficiencies to the marketplace

Benchmark Solutions, a next-generation financial intelligence firm, announced today that the company has been named the Most Innovative Market Data Project for the vendor category in the 2012 Inside Market Data/Inside Reference Data Awards (IMD/IRD).

The winner of the Most Innovative Market Data Project category is selected by a panel of judges, including the editorial board of the two publications – Inside Market Data and Inside Reference Data – along with industry experts. The award recognizes the use of new techniques, technologies and/or content that provides competitive advantages to their data operations, and which has delivered significant efficiencies and/or substantive returns as a result of the creative and innovative use of data and related operations, according to award organizers.

“We are extremely honored to have been selected as the most innovative market data project in this year’s IMD/IRD awards,” said Jim Toffey, CEO, Benchmark Solutions. “This signifies the clear need in the industry for our product, which brings transparency to a predominantly dark marketplace. We look forward to working with clients and industry participants on further developing our offering.”

“The Most Innovative Market Data Project award is given to a firm that embodies innovation and delivered clear benefits to the market data industry over the past year,” said Max Bowie, Editor of Inside Market Data. “The judging panel described Benchmark Solutions’ real-time fixed income pricing services as ‘the future of pricing for fixed income’ which should be ‘welcomed with open arms’.”

The winners were announced on May 22 at the IMD/IRD awards dinner at the Marriott Marquis in New York City, following the 2012 North American Financial Information Summit.