SocGen, Barclays Migrate to MDSL ASP

FRONT PAGE Administration & Management

Société Générale and Barclays are moving from in-house installations of Market Data Services Ltd's Market Data Manager data usage and invoicing system to outsourced versions that will be hosted by MDSL.

Sources cite the ability to reduce the administrative burden on the banks' in-house staff as the key reason for the switch.

Rather than accessing an on-site MDM database via dedicated MDM front ends, market data administration staff at the banks will now monitor data usage and produce rep