Grupo CIMD selects MDX Technology's data distribution solution
Grupo CIMD, the main independent brokerage, consulting, securitisation and asset management group in the financial and energy markets in southern Europe, has gone live with MDX Technology's (MDXT) data distribution solution.
The move is aimed at supporting increasing client demand for flexible access to premium data by broadening distribution channels to market. MDXT also powers IOWArocks, the global data marketplace for market data, reference data and alternative data.
MDXT has now been seamlessly integrated with Grupo CIMD’s core infrastructure to collect, store and distribute data both internally and externally. Designed to enhance the firm’s overall data distribution capabilities, the solution is already distributing data to Refinitiv with further endpoints, such as Montel to be added soon.
Jesús Mayo, CTO, Grupo CIMD, says: “We selected MDXT due to their formidable data distribution reputation. Implementation has been fast and seamless, and we are delighted to be already gaining value through the monetisation of our data to a broader client base across a wider range of channels. We are looking forward to working more closely with Paul and his team in the coming months.”
Paul Watmough, CEO at MDXT, says: “We are delighted to be supporting Grupo CIMD as they grow, helping them to further exploit the value of their market data. The industry is seeing a gradual but positive change in the ways that firms approach market data technology, as evidenced by the growing interest in our own IOWArocks global data marketplace. For the first time it is acceptable to use more innovative and cost-effective solution providers as opposed to the big brand names. It is essential for our clients, like Grupo CIMD to recognise these trends and leverage technology such as ours to be able to provide their client base with access to market data across whichever channel they desire.”