Data experts collaborate to deliver real-time data distribution to the front office
DataGenic Ltd, the leading global provider of on-premise and in-cloud Smart Commodity Data Management solutions and MDX Technology Ltd., the leading provider of data distribution and collaboration solutions for trading functions, are pleased to announce a new partnership that delivers unique real-time data collaboration solutions for the front office, via an extension to the DataGenic platform.
Under the terms of the agreement, MDX has fully integrated with DataGenic's proven Smart Commodity Data Management software platform which provides intelligent analytics coupled with comprehensive data warehousing, real-time data content and proven business value. This new component enables DataGenic clients to drive internally generated data into Excel via the MDX Excel add-in and to take full advantage of the value added features of real-time data collaboration. Among other use cases, traders can mark and collaborate on forward market curves in real-time. It also efficiently delivers commodity prices and fundamentals from over 400 markets to the front office via the MDX data distribution capabilities.
The MDX platform is quick to install and, like DataGenic’s platform, can be deployed either on premise or in the cloud, with users up and running within a couple of hours. Its flexible, modern architecture, unlike many of the existing legacy systems, enables changes to be implemented very quickly, and delivers rapid ROI and the ability to achieve significant cost savings and productivity gains almost instantaneously.
Richard Quigley, CEO, DataGenic, said “There is a growing requirement in the marketplace for real-time data collaboration in the front office to ensure that sensitive and internal information is available contemporaneously across the organisation. MDX technology is a seasoned operator in that space that offers proven technology that is now fully integrated with DataGenic. The combination of DataGenic Software and Content combined with MDX's award winning real-time data collaboration capability for the front office, will not only satisfy the demands of our existing users but will also deliver a powerful and compelling combination for the wider commodities and energy trading houses community."
Paul Watmough, CEO at MDX Technology, commented "We are very excited about the opportunities this new partnership presents to both our firms. The commodities and energy trading firms are very important for MDX and we are keen to build on our recent successes in this sector. We believe that this relationship provides a ‘natural extension’ to the DataGenic platform and fully supports the growing demand for real-time data distribution by front office trading desks. We are looking forward to working closely with DataGenic in the coming months."