BOSTON–(BUSINESS WIRE)–State Street Corporation
(NYSE: STT), one of the world’s leading providers of financial services
to institutional investors, today announced that State Street Global
Exchange was recognized for excellence in data management and governance
by Inside
Market Data and Inside Reference Data. The 17th annual
awards ceremony named DataGX, as the “Best Data Governance Solution.”
This year’s Inside Market Data and Inside Reference Data award
recipients were determined based on an evaluation of industry excellence
within market data, reference data and enterprise data management.
“Data governance is a prominent painpoint for financial institutions,
requiring many firms to take significant action and implement an
enterprise-wide program,” said Max Bowie, managing editor of
WatersTechnology. “As the use of data and multi-asset class investment
strategies continues to grow, it is necessary for firms to invest in
scalable technology and resources that will address data issues. The
judges recognized that State Street Global Exchange DataGX solution —
an end-to-end integrated data governance, data quality and data security
offering – provides a platform to fulfil clients’ data requirements.”
Operating in a complex and highly competitive environment, financial
instituations grapple with a vast array of data-related challenges such
as quality, accessibility and data security. In turn, data governance
has become a critical component to any financial firm’s overarching data
management strategy. State Street’s DataGX financial management platform
is offered as a private cloud-based, data-as-a-service solution that
helps address business-critical data-related issues within any
enterprise organization. The comprehensive governance framework utilizes
an advanced Operational Control Framework (OCF), purpose-built to ensure
end-to-end data quality management without compromising availability.
“For years, State Street Global Exchange has helped service the various
complex financial instruments leveraged by our global client base,” said
Subbiah Subramanian, global head of DataGX, State Street. “As a key
pillar of our front-to-back platform, today’s recognition of DataGX is
once again a true testament to countless hours spent by an experienced
team of professionals securely managing our clients’ data. We will
continue to evolve DataGX’s funcationlity so as to meet the fluid needs
of our growing client base.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading
providers of financial services to institutional investors, including
investment servicing, investment management and investment research and
trading. With $32.6 trillion in assets under custody and administration
and $2.8 trillion* in assets under management as of March 31, 2019,
State Street operates globally in more than 100 geographic markets and
employs approximately 40,000 worldwide. For more information, visit
State Street’s website at www.statestreet.com.
*Assets under management include the assets of the SPDR® Gold ETF and
the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion as of
March 31, 2019), for which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State
Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA 02111-2900.
© 2019 State Street Corporation – All Rights Reserved
Contacts
Nina Korfias
+1 617 662 0575
[email protected]
@StateStreet
