Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said âWe are delighted that yet another vendor has had the confidence to submit their system to the B.I.S.S. benchmarking. However, under our contractual arrangements with the vendor we can not announce their name until the process is completed.
The B.I.S.S. Benchmarking process for MiFID covers all types of different systems that support regulated firms in financial services, including market and reference data, front and back office systems as well as integration and web services as well as bespoke capabilities.
Following the conclusion of the B.I.S.S. process a report will be issued and there will be an announcement of the vendors who have been awarded the B.I.S.S. accreditation. We are currently in advanced discussions with a number of other vendors about entering the B.I.S.S. accreditation process.â