Waters Rankings 2023: All the winners and why they won

This video clip presents the winners of the 34 categories that make up this year’s Waters Rankings. The 2023 Rankings feature a number of multiple-category winners, including Bloomberg, Refinitiv, SS&C Advent, SS&C Eze, S&P Global Market Intelligence, and FactSet.  

You can view last year’s Waters Rankings winners here.

Trading Services

• Best agency broker – Instinet
• Best crossing network provider – Liquidnet
• Best algorithmic trading provider – Trading Technologies

Trading Tools 

• Best artificial intelligence (AI) technology provider – S&P Global Market Intelligence
• Best sell-side order management system (OMS) provider – Bloomberg
• Best buy-side order management system (OMS) provider – SS&C Eze. Click on this link for an interview with SS&C Technologies’ Karen Geiger. 
• Best portfolio management system provider – SS&C Advent. Click on this link for an interview with SS&C Technologies’ Karen Geiger. 
• Best execution management system (EMS) provider – SS&C Eze. Click on this link for an interview with SS&C Technologies’ Karen Geiger.
• Best performance measurement and attribution system provider – MSCI
• Best transaction-cost analysis (TCA) system provider – FlexTrade Systems

Data & Data Management 

• Best enterprise data management (EDM) system provider – S&P Global Market Intelligence
• Best market data provider – Bloomberg
• Best reference data provider – Refinitiv, an LSEG business
• Best alternative data provider – FactSet
• Best ESG data provider – Morningstar Sustainalytics
• Best corporate actions solution provider – SIX
• Best low-latency data feed provider – Refinitiv, an LSEG business
• Best data analytics provider – RiskVal Financial Solutions
• Best managed data service provider – SmartStream Technologies

Compliance, Risk & the Back Office 

• Best distributed-ledger technology provider – Broadridge Financial Solutions
• Best AML compliance solution provider – Vneuron Risk & Compliance
• Best market risk solution provider – Rival Systems
• Best credit risk solution provider – Moody’s Analytics
• Best market surveillance provider – Eventus
• Best reporting system provider – FactSet
• Best accounting system provider – SS&C Advent. Click on this link for an interview with SS&C Technologies’ Karen Geiger.
• Best cyber-security provider – LexisNexis Risk Solutions
• Best reconciliation management provider – Duco

Infrastructure & Connectivity

• Best outsourcing service provider – Northern Trust
• Best trading floor communication system provider – IPC Systems
• Best network provider – Anova Financial Networks
• Best mobile solutions provider – Symphony
• Best cloud-based application provider – Derivative Path
• Best cloud infrastructure – BT Radianz Cloud