BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that its data management platform, DataGX, was voted “Best Data Management Solution” at the FTF News Technology Innovation Awards. The awards, announced today at a ceremony in New York City, recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that made significant strides and noteworthy achievements in operational excellence during 2016. A panel of FTF judges selected the winners based upon votes from industry peers, clients and other relevant industry professionals.
“Successfully applying effective data management capabilities has become increasingly challenging in a world where the amount of available information only continues to grow and multi-asset class investment management strategies are ever evolving,” said Subbiah Subramanian, global head of DataGX. “DataGX is a flexible and scalable front-office solution, making data management controllable, and ultimately, investment decision-making easier for our clients.”
DataGX helps clients manage and enrich multi-asset class data while providing a complete view of their business for portfolio management, analytics and reporting. The platform is a scalable, cloud-based solution that allows clients to more completely measure and evaluate risk, address regulatory concerns and make more informed, real-time trading decisions.
“Much time and effort goes into DataGX to ensure it is ahead of the curve when it comes to effectively applying data management capabilities,” continued Subramanian. “We’re thrilled to be acknowledged for this hard work and the innovation we bring to our clients.”
In March 2017, DataGX won “Best Data Provider” at Hedge Fund Management US Technology Awards, and in December 2016 it was recognized as the “Best Tech Vendor for Data Management” at RISK.net’s Buy-Side Awards. To learn more about DataGX click here.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $29.83 trillion in assets under custody and administration and over $2 trillion* in assets under management as of March 31, 2017, State Street operates globally in more than 100 geographic markets. For more information, visit State Street's website at www.statestreet.com.
*AUM reflects approx. $33.33 billion (as of March 31, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
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Expiration date 6/30/2018