AIM Software, a leading provider of reference data management software to the financial industry and New York based Computer Intelligence Group Inc. (CIG), announced today that they have entered into a strategic alliance to provide price, static and corporate actions data from financial data feeds via AIM Software's reference data management platform GAIN. Founded in 1984, CIG delivers high-impact technology solutions and management consulting providing a comprehensive understanding of the securities industry, financial software and the integration of both.
In addition to its subsidiaries in Switzerland, Hong Kong, Japan and the US, AIM Software supports partnerships with data vendors, system integrators and technology providers globally. AIM Software strengthens its current activities in the United States through a partnership with CIG which acts as a value added reseller and support partner ensuring maintenance and the distribution of AIM Software's GAIN platform.
CIG, with key clients such as, Morgan Stanley, Fannie Mae, Freddie Mac, JP Morgan-Chase, Bank of New York, Citigroup, Mizuho, CSFB, Bear Stearns, Goldman Sachs and other Wall Street firms, specializes in consultancy to the financial services industry, encompassing solutions that cover every aspect of the trading environment from sales and trading through to clearance and settlement.
100 clients worldwide and four in the United States currently use AIM Software's GAIN solution as a centralized reference data management and risk management platform that cuts the costs and risks associated with back office processes. The integrated software combines the advantages of a fully-fledged reference data management solution, GAIN Data Management, and a comprehensive risk management solution, GAIN Risk Management, offering links to high quality data from more than 15 leading back office and real-time data feeds (FT Interactive Data, Reuters, Telekurs Financial, Bloomberg, Swift, etc.).
Frank Maltais, Head of International Business Development at AIM
Software: "Along with its top-quality consulting skills, CIG is a key player in providing services to the US banking industry. This partnership combines the expertise and know-how of both companies, CIG from the consulting side and AIM for the product side, and will help companies to speed up the tedious integration process of data feeds with a minimum level of project risk. We are looking forward to supporting companies in the United States together with CIG, as we see a huge potential for GAIN which is more scalable in pricing than some other offerings in the market."
Joe Feldman, Executive VP at CIG, adds: "Financial institutions need accurate, consistent and complete reference data so that they can increase efficiency through straight-through processing and so shorten the settlement cycle. Through AIM Software's GAIN solution we can offer a product that has the flexibility and cost efficiency to handle all reference data requirements of US banks and brokerage companies."