B&Z Global Strategies, a multi-market, multi-strategy investment fund based in Rio de Janiero, announced it will begin using MDX Technology's (MDXT) internal data sharing solution, MDXT Collaborate.
B&Z Global Strategies' investment managers will be able to share quantitative, systematic and directional strategies and risk metrics with MDXT Collaborate.
Jose Pradez, founding partner at B&Z Global Strategies, tells Buy-Side Technology that MDXT Collaborate was picked from a pool of vendor solutions that included Arcontech and Vistasource, among others.
"Our top priority was to make sure we were choosing a solution that was capable of handling high volume of market data with reliability and resilience," Pradez says. "Additional requirements were that the solution was flexible, easy to use and lightweight. MDXT Collaborate provided all that. ... The high quality service that MDXT demonstrated throughout the process was a confirmation that we were making the right choice."
With time to market being another critical component of the decision, according to Pradez, MDXT Collaborate was completely implemented in less than two weeks.
Pradez says the biggest benefit of MDXT Collaborate has been improved collaboration, as the solution has streamlined the flow of information internally. Improvements in information flow, performance, control and oversight have also been evident.
MDXT Collaborate won't necessarily be the last time B&Z Global Strategies will dive into MDXT's suite of solutions.
"As our company grows, our requirements will also grow," Pradez says. "We learned that MDX Technology recently revealed a high performance server-based solution. We will definitely look into that in the near future."
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