Geode Captial Taps IHS Markit for Central Data Management Platform

Boston-based asset manager selects Markit EDM to further expansion strategy and replace legacy data systems.

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Based in Boston, Geode Capital has $242 billion in assets under management.

Geode Capital Management, a Boston Mass.-based investment firm, is set to implement the Markit Enterprise Data Management (EDM) system to replace its legacy data technologies.

Geode Capital will implement the Markit EDM system from IHS Markit as it seeks to enhance its multi-asset trading strategy, replace its legacy extraction-transformation-loading (ETL) functions and data infrastructure, and provide a platform for future growth.

"We expect our trading volumes, daily positions and overall data processing needs to grow significantly over the next few years," said Ed Shea, CTO at Geode, in a statement. "We needed a new approach to data management that would give business users enhanced visibility and control over the data they use and enable us to standardize and automate numerous data processes. Markit EDM supports our disciplined investment process and provides us with a robust platform for growth."

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