Waters Rankings 2016: Persistence Pays Off


After last year’s Waters Rankings that saw 25 different firms in the winners’ circle, the 2016 Rankings were always likely to be somewhat less spectacular in terms of the broadness of the winners’ mix. Be that as it may, this year will be remembered by many as the year that Eagle Investment Systems finally broke IHS Markit’s hegemony in the enterprise data management category, a feat attempted by so many data management firms over the years, but achieved by so few.

We’ve said it before and no doubt we’ll write it again, but this year’s Waters Rankings was a case of more of the same: more new entrants to the winners’ circle and the same old names winning the categories they have dominated over the years, all thanks to Waters’ readers who decided the outcome of the 30 categories on offer.

This year’s Rankings dinner, held on July 14 at New York’s Metropolitan Club and hosted by major league baseball pundit and analyst Tim Kurkjian, featured five multiple winners—Bloomberg, Thomson Reuters, Eze Castle Software, Eze Castle Integration, and RiskVal Financial Solutions—and four first-time winners—BISAM, FactSet, Riskval Financial Solutions and Eagle Investment Systems. Last year’s Rankings attracted a record 400 entries; this year that number climbed again to 470, illustrating the extent of the financial technology sector’s rude health. 


Best Broker-Dealer: UBS Neo

Best Agency Broker: Bloomberg Tradebook

Best Crossing Network Provider: TradingScreen

Best Sell-Side Clearing Provider: The DTCC

Best Reconciliation Management Provider: Electra Information Systems

Best Algorithmic Trading Provider: Convergex

Best Portfolio Management System Provider: RiskVal Financial Solutions 

Best Sell-Side OMS Provider: Bloomberg Trading Solutions

Best Buy-Side OMS Provider: Eze Software Group

Best Performance Measurement and Attribution System Provider: BISAM

Best EMS Provider: Eze Software Group

Best TCA System Provider: IHS Markit

Best EDM System Provider: Eagle Investment Systems

Best Reference Data Provider: Thomson Reuters

Best Corporate Actions Solution Provider: Thomson Reuters

Best Low-Latency Data Feed Provider: ICE Data Services

Best AML Compliance Solutions Provider: NICE Actimize

Best Data Analytics Provider: FactSet

Best Market Risk Solution Provider: RiskVal Financial Solutions

Best Credit Risk Solution Provider: Moody’s Analytics

Best Reporting System Provider: Vermilion Software

Best Accounting System Provider: SS&C Advent

Best Market Surveillance Provider: Nasdaq

Best Trading Floor Communication System Provider: IPC Systems

Best Datacenter Provider: Equinix

Best Network Provider: BT

Best Cloud-based Services Provider: Thomson Reuters

Best Cyber-Security Provider: Eze Castle Integration

Best Mobile Solutions Provider: Morgan Stanley


Best Cloud Infrastructure Provider: Eze Castle Integration

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