SST Awards 2018: Best Sell-Side Data Management Product—IHS Markit

According to the London-headquartered firm, it is serving the expanding range of new use-cases for enterprise data management (EDM) solutions. Andrew Eisen, managing director of EDM product management and cloud strategy at IHS Markit, says specifically on the sell side, the three main use-cases are: independent price verification (IPV), product control, and the Fundamental Review of the Trading Book (FRTB). He tells Waters that banks are under growing pressure to meet regulatory, audit and internal management requirements for IPV. The firm’s EDM IPV solution helps banks automate their asset price validation processes and reduce operational risks.
Meanwhile, its product control solution has been designed to meet two challenges faced by customers: the lack of accurate and efficient auditability around P&L reporting, and the need for reliable P&L analysis to help improve commercial decisions.
EDM is also being used to support data management requirements under the FRTB regulation.
The firm’s longer-term strategy focuses on building an end-to-end data ecosystem. Eisen says this comprises four components: data management, data warehousing, data delivery and data governance.
Enterprise data management focuses on acquiring, validating, enriching and reconciling data across multiple sources, while data warehousing involves consolidating and storing historical data on a single platform and making it readily available for client and regulatory reporting requirements. IHS Markit EDM’s data delivery component focuses on ensuring data is aggregated and presented in the right format and at the right time as needed by each business user. “In the past 12 months, we’ve invested heavily in enhancing the user interface and APIs so that users can easily access and query data through a rich user interface or through the RESTful API,” Eisen says.
As for data governance, the firm is working to further develop its offering in the next few months. It already enables clients to create a single version of the truth and provide a transparent audit trail.
IHS Markit is also building a data dictionary to provide internal data definitions and visualization for end-users, as well as external dictionaries to support new APIs and data governance products.
Eisen sees a need to provide a central glossary or dictionary that is both business-facing for primary end-users and technical-facing for downstream consuming systems, as clients look for greater understanding of the data within their organizations.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Best data governance solution—Siepe
Siepe wins Best data governance solution at the IMD & IRD Awards 2025.
Best reference data initiative—Derivatives Services Bureau
The DSB wins Best reference data initiative at the IMD & IRD Awards 2025.
Best corporate actions managed service—S&P Global Market Intelligence
S&P Global Market Intelligence wins Best corporate actions managed service at the IMD & IRD Awards 2025.
Sell-Side Technology Awards 2025: Best distributed-ledger technology—Broadridge Financial Solutions
Project: Distributed Ledger Repo (DLR)
Sell-Side Technology Awards 2025: Best sell-side back-office platform—FIS
Product: FIS Post Trade Processing Platform