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AIM Software and Interactive Data Launch 5th Edition of Global Reference Data Management Survey
AIM Software and Interactive Data Launch 5th Edition of Global Reference Data Management Survey
AIM Software | 12 Jul 2008
AIM Software announced today the launch of its 5th international reference data management survey. AIM Software’s study is designed to provide insight into the trends, challenges and planned investments for reference data automation and risk management. The survey is carried out by AIM Software in collaboration with FISD (www.fisd.net) and is sponsored by Interactive Data (Europe) Ltd (www.interactivedata.com), part of Interactive Data Corporation (NYSE: IDC).
In recent years, few areas of operations have attracted as much interest as reference data management and risk management. But how successful have financial institutions actually been in improving automation levels within their companies? What are the driving forces for reference data automation? How well can the financial industry cope with new regulations, such as MiFID? And how mature are back office systems in those areas?
In order to find answers to these questions, AIM Software regularly undertakes research in more than 70 countries. This year’s edition of the survey will examine changes and advances between 2008 and previous years. Data and risk managers are invited to participate by completing a 5-minute online questionnaire at: http://www.aimsoftware.com/survey2008.
Martin Buchberger, Head of Marketing at AIM Software, stated, “The positive feedback from financial institutions, global media and the whole financial industry encouraged us to continue our research and led us to conducting the survey for the fifth consecutive year.” Buchberger continued, “We saw that the impact of new regulations is about to substantially change the whole operational infrastructure of financial institutions. We specifically took a closer look at risk management and reference data management processes in order to get a better picture of what shapes this development and to see how companies cope with it.”
The 2008 survey intends to observe how regulations and market liberalization influence the global financial markets. The final results of the AIM Global Data and Risk Management Survey 2008 will be available by the end of 2008. Participants benefit from a free, comprehensive benchmarking to the rest of the market, country-specific drill-downs and charts.
Buchberger concluded: “This year’s survey again tries to distinguish which issues signify a trend and which are hype. The results from last year’s survey proved that this research spotted most of the developments on a long-term scale before they became crucial, giving readers the chance to see where they stand in their own efforts.”
Last year’s findings at a glance:
- The 2007 survey results show that financial institutions all over the world are undertaking considerable efforts to deepen and to further automate their reference data management, with the percentage of companies planning to increase automation growing by 15 percentage points (2006: 28% in / 2007: 43%).
- 49% declare that MiFID has a substantial influence on IT investments (Basel II: 60%, Sarbanes-Oxley: 27%).
- Although a relatively high percentage of 39% of the interviewed companies still rely on proprietary development, 40% of them claimed in 2007 to prefer buying a solution and/or to extend it, compared to some 22% in 2006.
- 43% of the respondents plan to increase the degree of automation for reference data and 29% for pricing data. 33% of the more than 400 respondents plan to increase their level of automation in corporate actions.
- 54% of the interviewed financial institutions plan to extend their reference data management facilities within the next two years, whereas in 2006 only 37% of companies planned to do so.
For further information, please contact:
Enikö Elisabeth Rozman
PR & Communications
Tel: +43 1 5124652
pr@aimsoftware.com
http://www.aimsoftware.com/survey2008
About AIM Software
Established in 1998, AIM Software (www.aimsoftware.com) is one of the leading providers of reference data management and risk management solutions for financial markets, with offices in Austria, Switzerland, the US, Hong Kong and Japan. AIM Software is active in the major financial centres based on its service and support partner network and supports more than 100 references in 15 countries. Supported by the company's expertise in the areas of reference data management, risk management and financial instrument pricing, the creation of future proof software solutions is the cornerstone of AIM Software's business mission. For further information, please visit http://www.aimsoftware.com.
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