Gary Wright, Managing Director, CityCompass and creator of the unique business benchmarking concept said: "FT Interactive Data was the first data vendor to enter the systems and services benchmarking last year and once again they are leading from the front. The importance of quality data in the market place cannot be understated and has become a prominent element of the Giovannini report and new MiFID directives. This benchmarking will once again establish the industry targets which vendors need to attain in their products and services; these will be measured to highlight strengths and weaknesses. FT Interactive Data achieved the B.I.S.S. Gold award last year, but this yearâs benchmarking target is set by members of the Reference Data User Group (RDUG) who are acting as the benchmarking panel and will no doubt set a high standard. Nevertheless, we expect FT Interactive Data will once again show their value."
Helen Cook, FT Interactive Data's European business manager, said: "FT Interactive Data has been a provider of corporate actions event data for over 30 years and has a wealth of experience in gathering, updating, validating and delivering corporate actions data. We have participated in open standards forums for a number of years and were one of the first vendors to map our global corporate actions data to ISO 15022. We aim to be at the forefront of industry developments and have longstanding relationships with most of the major software providers to help provide the information and tools for end-to-end added value solutions. We were delighted to have been awarded the B.I.S.S. Benchmarking Gold award last year and look forward to taking part in this yearâs benchmarking."