Netik LLC, a financial data management company, has launched Netik GSM, a reference and market data management service. Netik GSM covers all asset classes and reference data types and provides financial institutions with data acquisition, management of vendor sources, cleansing and enrichment operations. Netik GSM also provides a Single Source of Data [SSODTM].
“Managing reference and market data can be an expensive but vital exercise,” says John Wise, Netik’s CEO. “Acquiring clean reference and market data from disparate sources is a common issue and affects the ability of front, middle and back-office systems to quickly, accurately and consistently reflect investment activity and valuation impact, thus inflating operational and IT infrastructure costs. It is for this reason that Netik has launched Netik GSM, which provides a single solution for market and reference data feeds as a concentrator for multiple vendors, a single outsourced software platform, help desks supported 24*7 by 150 operational specialists and programmers covering all time zones. Unlike other solution, Netik GSM is a fully ‘managed service’ solution bringing Netik’s people, product and well-honed process and proven technology together to form the most effective and cost effective data management operations platform in the market today. Netik is an agent for over 100 different vendor / supplier feeds including Bloomberg, Euronext, Thomson Reuters, Telekurs, Standard & Poors, FTID etc.”
“Netik GSM solves the problem of rapidly and safely assembling the firm’s Single Version Of The Truth [SVOTTTM] and Single Source of Data [SSOD] to assist the senior executive team to manage the firm better and to enable it to achieve sustainable competitive advantage,” says Colin Close, Netik’s president. “Throughout my experience of working with money managers and investor services, the costs of providing really beginner level data management is inversely proportional to the quality received. Netik GSM is the result of a company that started in 1983 to provide cleansed data this is not a simple challenge. As a result, Netik GSM clients’ save 30% of their reference and market data costs by using this service.”