Sell-Side Technology Awards 2017: Best Sell-Side Data Management Product—IHS Markit

In a space where demands on data validity, storage and delivery have never been higher, IHS Markit has been required to evolve in parallel with the market, as the vendor sees an ever-increasing variety of use-cases incorporating its core reference data into account, position, legal entity, transaction and regulatory datasets. Specifically on the sell side, IHS Markit has focused on regulatory use-cases, constructing and developing a Mifid II solution supporting the total transaction reporting lifecycle through its managed service. The vendor reports a significant increase in firms looking to adopt its managed services offering, which provides access to a centralized team that manages integration, and once implemented, delivers changes and upgrades at an optimized rate.

Markit EDM operates as a central hub of a firm’s data scope across trade, operational, risk and customer data, providing sourcing, validation, enrichment, normalization and data aggregation capabilities within a fully audited environment, enabling visualization, interrogation and distribution of required data in specified formats. Users are able to track the full data lineage to know and display where data originated, who touched it within the organization, and what rules were applied to it. As customer datasets grow in size and quantity, and service level agreements (SLAs) become more exacting, Markit EDM’s performance has been enhanced by introducing full in-memory and concurrent processing, and a new matcher to normalize data. 

The merger between IHS and Markit was finalized in July last year and the data giant has boosted the total number of users on the Markit EDM platform to over 200 financial institutions over the last year. It has also completed the acquisition and integration of CoreOne’s Vista Platform, furthering enhancing the EDM Warehouse offering.

Looking to the future, IHS Markit will focus on helping users surface data for both exception management and strategic business opportunities, and ease access to data and queries through updated customizable dashboards and responsive layouts, including grids, charts and KPIs. 

In addition to winning the best sell-side data management product category, IHS Markit also won the best sell-side newcomer category and was also named as the best sell-side technology provider of the year.