Sell-Side Technology Awards 2025: All the winners and why they won
Here are the 34 winners of the 2025 Sell-Side Technology Awards.
The final two categories of this year’s Sell-Side Technology Awards―Best sell-side product for 2025 and Best overall sell-side technology provider for 2025―were won by Duco and Bloomberg, respectively. Click on the links in the winners’ names for information about why they won their respective categories.
- Best alliance or partnership – Numerix and PiP Mexico
- Best overall artificial intelligence (AI) technology – AlphaSense
- Best artificial intelligence (AI) technology (content and research) – CleverChain
- Best artificial intelligence (AI) technology (surveillance and compliance) – Nice Actimize
- Best artificial intelligence (AI) technology (trading) – dxFeed
- Best cloud provider to the sell side – Derivative Path
- Best data provider to the sell side – FactSet
- Best distributed-ledger technology – Broadridge Financial Solutions
- Best implementation at a sell-side firm – Adaptive
- Best infrastructure provider to the sell side – TransFICC
- Best outsourcing provider to the sell side – Acuity Knowledge Partners
- Best reporting platform or service for the sell side – LSEG Post Trade Regulatory Reporting
- Best sell-side analytics product – Bloomberg
- Best sell-side automated trading platform – Exegy
- Best sell-side back-office platform – FIS. Click on this link to view an interview with Mack Gill.
- Best sell-side compliance product – S&P Global Market Intelligence Cappitech
- Best sell-side credit risk product – Opensee
- Best sell-side data management product – S&P Global Market Intelligence
- Best sell-side front-office platform (end-user) – Bank of America
- Best sell-side front-office platform (vendor) – Bloomberg
- Best sell-side market risk product – SS&C Algorithmics
- Best sell-side market surveillance product – Nasdaq
- Best sell-side middle-office platform – Gresham (Prime EDM)
- Best sell-side mobile initiative – SS&C Tier 1
- Best sell-side newcomer (regulation, risk and compliance) – CJC
- Best sell-side newcomer (trading, pricing and analytics) – Arbitrage Technologies
- Best sell-side OTC trading initiative – Marex Solutions
- Best sell-side reconciliation platform – Duco
- Best sell-side trading communication system – Cloud9. Click on this link for an interview with Michael Lynch.
- Best sell-side trading network – MarketAxess
- Best sell-side web-based development environment – 3forge
- Best use of the agile methodology – BIQH
- Best sell-side product, 2025 – Duco
- Best overall sell-side technology provider, 2025 – Bloomberg
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More on Awards & Rankings
Best private markets data provider—MSCI
MSCI’s Private Capital Transparency standardises manager‑reported and independent private‑asset data, linking private and public markets.
Most innovative market data project/initiative—firmfact
Firmfact automates market‑data contracts, invoices and entitlements for banks and asset managers. Its AI reads documents, matches invoices line‑by‑line and verifies licences with minimal keying.
Best market data newcomer (vendor or product)—Octaura
Octaura’s Insights Platform is an integrated market intelligence and analytics offering purpose-built for the leveraged loan market.
Best market data provider (broker)—Fenics Market Data & Analytics
FMD’s Broker Data service draws on BGC Group’s global brokerage operations to provide pricing, trade and order-flow information across FX, rates, fixed income, commodities and derivatives.
Best evaluated pricing service provider/vendor—Infront
Infront Quant supplies independent, cross‑asset valuations with a “white‑box approach”, offering level 1 and 2 transparency.
IMD & IRD Awards 2026 winner’s interview—Smartstream
Smartstream wins Best reference data managed service at the IMD & IRD Awards 2026
Best reference data integration vendor—Gresham
Gresham’s AI-native EDM Suite combines data from disparate sources and systems and provides user-firms with a single point of integration across the data life cycle.
Best ESG data initiative—Bloomberg
Bloomberg’s Impact and Allocation dataset provides investors with a consistent means of assessing how proceeds are being deployed and what outcomes issuers report.
