Financial Technology

Financial Technology

July 11, 2013

Danske Bank Selects MDSL's Market Data Manager

These days, any financial trading firm requires the help of technology and information services. Companies make use of complex algorithmic tools to gain critical market intelligence.

MDSL (News - Alert) has announced that the company has been selected by Danske Bank to get a hosted market data management solution, including its optional Self-Certification module. With this agreement, the bank may look forward to having accurate invoice reconciliation and reporting both to finance and to the business, as well as considerable cost savings. This is achieved by repeated end-user inventory reviews. The agreement also provides Danske with multi-currency features that are available in the Market Data Manager. MDSL will back up these features with the company’s round the clock support.

Apart from being the largest bank in Denmark, Danske Bank also has traders in Norway, Sweden, Finland, Baltics, the U.K., Ireland and the U.S.

MDSL Market Data Manager is identified by many as the de facto standard for proactive market data contract management. MDSL Market Data Manager (MDM) has been selected and used by more than 90 percent of the world's major financial houses.

Ben Mendoza (News - Alert), MDSL CEO and founder, commented: “The story of how Danske Bank came to select MDSL makes interesting reading. Following an initial enquiry, the decision came down to a choice between us and the incumbent provider’s own inventory management system. Danske Bank ran a pilot project and we were delighted to learn MDSL came out the clear winner on the strength not only of our product features and innovation – in particular, the scope and clarity of our reporting tools – but also our international capabilities”

Recently, the company partnered with AOTMP for a new AOTMP TEM certification initiative. AOTMP helps companies in concentrating on establishing and maintaining high-performance, best-in-class fixed and mobile telecom environments.

Edited by Alisen Downey

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