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TRG Screen
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All about innovative market data management solutions and market data consultant services.
All about innovative market data management solutions and market data consultant services.

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TRG announces acquisition of Screen Group

https://www.screeninfomatch.com/news/trg-announces-acquisition-of-screen-group/

Investment Strengthens TRG’s Position as Global Market Leader in Enterprise Spend Management

January 18, 2018 – New York – TRG, (“the Company”) the leading provider of subscription spend management software solutions, today announced it has acquired Screen Group (“Screen”), a world leading market data software company that assists business professionals in managing their market data costs, processes and workflows more efficiently. The acquisition of Screen will further solidify TRG’s position as a global market leader in enterprise spend management.

The new Company will have a greater suite of complementary, innovative software solutions that will be uniquely positioned to provide the full spectrum of subscription spend management capabilities across expense management (FITS, INFOmatch), usage tracking (ResearchMonitor), enquiry management (Quest), specialist consulting services and events to many of the world’s leading financial, legal and professional services firms.

The deal will bring significant benefits to customers by enhancing the Company’s ability to support multiple spend and revenue categories, including market and reference data, index licenses, research services and software licenses. In addition, there is an immediate opportunity to cross sell products such as TRG’s ResearchMonitor, which provides analytics on subscriber usage, to Screen’s INFOmatch and Consultancy customers. By combining Screen’s spend management capabilities with TRG’s ResearchMonitor usage platform, the Company will enable a broader set of customers to optimize their subscription spend and maximize their annual savings.

Building upon both companies’ market leading positions in their respective geographies (TRG: North America/ UK/Australia; Screen: Continental Europe, Africa, Middle-East and Asia), the deal will create a truly global service and support organization with offices in the US, UK, the Netherlands, France, Germany, Switzerland, Singapore and New Zealand.

In addition, with over 100 employees, the combined Company will have a larger resource and expertise pool to support the combined Company’s over 300 customers. The Company will realize efficiencies in product development and delivery while generally benefiting from economies of scale, which will provide a greater ability to invest in further growth and innovation.

“Through this partnership with Screen, TRG will be able to offer an integrated, scaled spend management platform with the ability to address any global enterprise that operates in data-intensive industry verticals anywhere in the world,” said TRG CEO Steve Matthews. “Together, the companies are able to offer a powerful growth engine with multiple opportunities for enhanced profitable growth in the future.”

“We are thrilled to be joining the TRG family in order to bring new opportunities for current and potential customers within the market data and enterprise spend management industries, while also offering an unparalleled combination of scale, domain expertise and global reach that stands out as second to none among our competitive set,” said Screen co-founders and joint CEOs Peter Fruitema and Kees Brooimans. “We have a longstanding relationship with TRG’s executives and are excited to be taking this next step together.”

The acquisition demonstrates the Company’s ongoing commitment to its continued global growth and unrelenting product innovation, which began in 2014 with the investment from Boston-based Polaris Partners and continued in 2016 with the acquisition of Priory Solutions. Mr. Matthews will lead the new Company, with Messrs. Fruitema and Brooimans reporting directly to him.

The acquisition closed on January 10, 2018. Financial terms of the transaction were not disclosed.

https://www.screeninfomatch.com/news/trg-announces-acquisition-of-screen-group/
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Screen INFOmatch’s second APAC User Group Meeting in Singapore

https://www.screeninfomatch.com/news/apac-user-group-meeting-singapore-2018/

SINGAPORE, March 2, 2018 – Following the successful debut of our inaugural APAC INFOmatch User Group Forum in 2017 the second anniversary of the event took place on March 2, 2018. This second, fully to the APAC region dedicated, UGM was very well attended with over 15 clients and prospective clients. The iconic 5-star Fullerton Hotel Singapore served as venue for this event.

Screen INFOmatch is already organising these type of client events for more than 10 years now. As a result of our growing client base and very lively & inquisitive user community in the APAC region we were very proud to bring it to Singapore again. This year’s edition followed Screen’s recent announcement of the opening of an additional datacenter in Singapore to provide clients in the Asia-Pacific region with local access, meaning enhanced user experience, to its INFOmatch platform.

Last year’s evaluation and feedback provided by our user group community allowed us to implement client-driven improvements to this edition’s get-together. In short, this means that this User Group meeting was even more focused on sharing client experiences and discussing client requirements & needs, practical situations and industry trends.

The first part of the meeting was reserved for company & product presentations. Screen’s CEO, Peter Fruitema, kicked off welcoming the audience and gave an update on the company, including the recent announcement of the take-over of Screen Group by TRG, and its enhanced product portfolio, including Research Monitor and DART. Next managing director Asia Pacific & Middle East, Jorn van der Bruggen, talked through INFOmatch’s latest developments and upcoming new release, and gave a presentation on reporting & data visualisation through a business intelligence (BI) tool.

After this the meeting was continued with Screen staff moderated roundtable discussion sessions, in which small groups of customers from different institutions discussed several topics. With a total of 3 roundtables clients were able to participate in several sessions. The roundtable topics, which were predefined based on client suggestions, dealt with INFOmatch process improvement & automation, ideas for INFOmatch’s product roadmap, interfacing, best practices and reporting & business intelligence. The roundtables created a lot of lively interaction and exchange of information between peers and Screen staff on how INFOmatch’s role in helping to solve business problems and improve efficiency.

The event was closed with informal drinks and dinner. In the end, it was a very fruitful and interactive day. We received lots of valuable feedback and input, which will be used by us to prioritise and detail our future software development path, support and service offering.

https://www.screeninfomatch.com/news/apac-user-group-meeting-singapore-2018/

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Screen Opens Singapore Datacenter to Host INFOmatch for Asia Clients

https://www.screeninfomatch.com/news/screen-opens-singapore-datacenter-host-infomatch-asia-clients/

SINGAPORE, February 20, 2018 – Screen INFOmatch has opened an additional datacenter in Singapore to provide clients in the Asia-Pacific region with access to its INFOmatch platform as a locally managed service.

Screen went live with its space in Equinix’s Singapore datacenter over the course of December and January, and will now begin the process of migrating clients to hosted instances of their INFOmatch platforms running within Equinix’s datacenter. This migration will be virtually seamless for clients. Hosting the platform locally for clients in the region will improve the client experience by reducing any delays in the user interface, which was previously hosted from Screen’s primary datacenter at Equinix’s facility in Amsterdam.

“We opened our Singapore office almost two years ago because we had growth in our client base in Asia and decided that supporting them from the Netherlands was too cumbersome,” says Screen co-CEO Peter Fruitema, adding that Screen chose Singapore for its hosting center because of its central location in the region and because many firms from other regions use Singapore as their first step into the Asia-Pacific market. “We believe the move will help us attract more clients in the region, as well as making it easier for the company and new owners TRG to roll out other products (including ResearchMonitor & Quest) and services locally. Certainly it helps for clients to know that data is hosted in Singapore, which is regarded as a country with very high standards of data security. So we believe it will speed up the IT component of any evaluation [by a potential client]…

https://www.screeninfomatch.com/news/screen-opens-singapore-datacenter-host-infomatch-asia-clients/
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Screen INFOmatch’s first APAC User Group Meeting big success

https://www.screeninfomatch.com/news/first-apac-user-group-meeting/

SINGAPORE, February 16, 2017 – On February 16, INFOmatch’s first APAC User Group Meeting took place, which was very well attended with over 20 clients and prospective clients from all over Asia, including Japan, Hong Kong, Malaysia and Singapore. The modern Carlton Hotel Singapore served as venue for this event.

Screen INFOmatch is already organising these type of client events for more than 10 years now. As a result of our growing client base and very lively & inquisitive user community in the APAC region we were very proud to bring it to Singapore now. This fully to the APAC region dedicated UGM was announced as a logical next step following the recent opening of a new office in Singapore to fully support Asian clients in their local time zones and (in some cases) their native language.

The objectives of these user group meetings are to update users about new developments & functionalities, future plans and industry trends regarding professional market data management. In addition it is an excellent platform creating direct interaction and exchange of information between clients and Screen staff. It allows customers a perfect forum in which to express their requirements & needs and give a wish list for new functionality, interfaces and reports.

The first part of the meeting was reserved to present and discuss the new INFOmatch release. Our CEO, Peter Fruitema, and Screen Asia’s branch manager, Jorn van der Bruggen, updated the audience on new functionality, in particular, related to enhanced cost and contract tracking & allocation, Fidessa / Thomson Reuters DACS / Bloomberg EMRS management, commissioning soft dollars, demand management through INFOmatch Enterprise Control and separation of duties (four eyes principle).

After this the meeting was continued with Screen staff moderated roundtable discussion sessions, in which small groups of customers from different institutions discussed several topics. With a total of 3 roundtables clients were able to participate in several sessions. The roundtable topics, which were predefined based on client suggestions, dealt with INFOmatch process improvement & automation, best practices, reporting, vendor management, Bloomberg management and compliance. The roundtables created a lot of lively interaction and exchange of information between peers and Screen staff on how INFOmatch’s role in helping to solve business problems and improve efficiency.

This Asian market data event was closed with informal drinks and dinner. In the end, it was a very fruitful and interactive day. We received lots of valuable feedback and input, which will be used by us to prioritise and detail our future software development path, support and service offering.

https://www.screeninfomatch.com/news/first-apac-user-group-meeting/
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The Industry Should Look Differently at the Value of Market Data

https://www.screeninfomatch.com/news/industry-look-differently-value-market-data/

Your market data inventory system should be more than an accounting or bookkeeping tool – this is old school; it should help you analyse and optimise your market data landscape.

The Market Data industry has evolved considerably in the last 25 years but especially since the financial crisis in 2008. Many firms have spent more time and effort in setting up a professional Market Data* Management structure, the administration and guardianship of market data services and third party relationships resulting from the procurement and usage of market data by a firm, in order to meet internal demand and deal with external supplier and regulatory requirements.

But despite the fact that market data is the lifeblood for all professionals in the market data industry, many firms still lack a clear market data strategy.

Why is a market data strategy relevant?
Defining a strategy is hard work. It takes time, resources and distracts from the urgency of running the day-to-day business. But there are many reasons why you should invest in this:

1. Without a strategy, market data teams can “drift away” from its end users and they do not achieve business alignment; as a result they become more of a nuisance than of added value and eventually they are at risk of being ignored or even displaced by an outsourced solution.
2. Today’s markets are more transparent, volatile and in predictive than ever. Any firm that wants to achieve and maintain a competitive business advantage in this predator industry needs to have a clearly defined and managed market data strategy.
3. Cost pressures force the improvement of operational efficiencies, implementation of automated processes, economies of scale, rightsizing and standardisation.
4. In order to comply with a wide range of external regulations, a high level of data quality needs to be maintained; at the same time competition forces consumer firms to drive down costs and focus on usage transparency.

How do you define a market data strategy?
In order to define a market data strategy, market data teams should first of all have a thorough understanding of their companies’ goals & business drivers. The focus of your company on specific geographical markets or client segments will provide you with relevant input for your market data strategy. Strategy is about making choices. What products, services and markets will be a part of the future and what should we do or not do?

The next and more difficult step is to analyse how your business generates revenue by using market data services. Understanding how your business users make money and knowing how dependent they are on the availability and functionality of the current and future market & reference data services, will determine how willing your business is to spend money on people, hardware, software and content.

Thirdly you and the people you service must know what market & reference data services are in your remit. Does this include data feed products, market data technology, ratings data, index licenses or even brokerage of custodian fees?

Last but not least, the market data strategy that you outline should be defined and supported by your market data organisation (people). International studies amongst the most successful firms (based on their stock exchange performance) over the last 50 years show that People come before Strategy, meaning that qualified people will develop a good strategy.

The purpose and value of taking a strategical approach to market data management is often being ignored when “decision makers” think tactically, taking a simplistic approach by demanding to focus on short term cost savings. This is when market data management strategies start to drift and deteriorate until an organisation is suddenly confronted with:

- Declining business margins
- A damaging exchange or vendor audit, with reputational and financial risks
- The need to produce more and better data from a regulatory perspective

How to organise market data management – Screen 5 Pillar Model
A properly resourced Market Data Management organisation offers incredible value in the form of

- Maximising value (usage)
- Mitigating operational risk (compliance & quality)
- Influencing corporate strategy (technology, spend)
- Driving efficiencies through accountability & transparency

Short term cost-savings should be viewed as a by-product, not the end result, of an effective market data strategy. Through spend transparency, optimised usage, and clear decision-making at a strategic and tactical level, appropriate spend becomes the objective.

Screen has been providing Expert market data assistance to more than 500 end user firms worldwide since 1990. That experience includes more than 10.000 end user interviews from front- to mid- and back office consumers of market data services. Screen has developed a 5 pillar model, based on best practice experience that comprises all relevant roles & responsibilities needed to get most value out of your market data portfolio of services.

Your questions
Ask yourself a few simple questions and determine if your organisation appreciates the (changing) value of market data:

1. Does your firm have a Market Data Strategy and is this communicated to all stakeholders?
2. Do you know your current annual Market Data spend and is this in line with the numbers from your Finance team?
3. Do you feel that you are paying too much for the delivery of market data services?
4. Do you feel confident that your end users only have access to the most suitable products and services available in the market or do you expect some of them to be ‘nice to have’?
5. Do you have transparency into the services by user?
6. Do you pay the best market prices for services rendered by your suppliers?
7. Can you prove data consistency and accuracy to your auditors, regulators and customers?
8. Are you confident that your organisation is compliant with the vendor & exchange T&C’s you have agreed and do you understand the financial and reputational risk of non-compliance?

Conclusion
Your organisation will substantially benefit from having a clear market data strategy. This strategy can be defined by your own people. If your market data landscape is not large enough however to employ a dedicated team of professionals, you can engage with a specialist market data firm to assist in the process.

In any case, you should look differently at the value of market data for your organisation by not accepting anything less than that you have immediate access to an accurate market data inventory and to your vendor agreements including your usage rights. It should be best practice in your firm that all vendor invoices will be validated against your vendor agreements (and not against previous invoices….) and that you will be alerted timely about relevant contract renewals. Your market data inventory system should be more than an accounting or bookkeeping tool – this is old school; it should help you analyse and optimise your market data landscape.

You should be assured that your users will have access to the best possible services and that your vendor agreements are Best in Class and in line with your industry Peers. You should feel confident that continuity of service is guaranteed and that you do not need to worry about finding, training and motivating staff.

Your business is expecting a professional service that is personalised, proactive, immediate and scalable which means it should be able to grow or shrink dependent on your business strategy. Risks of being non-compliant should disappear and you want to experience that your business users will be much more engaged with the way in which your firm uses market data services.

If your organisation has achieved the above, you have done an excellent job!

If you need any help with defining a good market data strategy, please do not hesitate to contact us.

(*Market Data refers to financial information necessary to research, analyse, account for and trade financial instruments of the world’s financial markets across all asset classes.)

https://www.screeninfomatch.com/news/industry-look-differently-value-market-data/
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Successful INFOmatch User Group Meeting and ‘Screen Markets – Amsterdam 2016’ event

http://www.screeninfomatch.com/infomatch-ugm-2016/

AMSTERDAM, October 17, 2016 – On October 10, the INFOmatch User Group Meeting again took place (12th edition!), which was very well attended with over 30 clients and prospective clients from all over Europe, including The Netherlands, Belgium, France, Germany, Italy, Spain, Sweden, Switzerland and United Kingdom. The modern Mövenpick Hotel Amsterdam City Centre, with a spectacular view over the city and river IJ, again served as venue for this event.

Last event’s evaluation and feedback provided by our user group community allowed us to again implement client-driven improvements to this edition’s get-together. By doing so, we want to ensure that we continue to organise client events that meet the requirements of our customers. In short, this means that this User Group meeting was even more focused on sharing client experiences and discussing client requirements & needs, practical situations and industry trends regarding the professional management of market data. In this perspective, we extended the time reserved for our last year’s introduced roundtable discussion sessions.

The meeting kicked off with an interactive workshop, which is primarily targeted at people using INFOmatch in supporting their daily tasks managing market data. The workshop was fully booked, which again shows that Screen INFOmatch serves a very lively and inquisitive user community. The workshop’s theme was defined as “Invoice Processing in INFOmatch: Learn how to read & solve invoice variances, correctly distribute invoiced costs and optimise your invoice processes in INFOmatch”.

The second part of the meeting was reserved to present and discuss the upcoming new INFOmatch release. Our CTO, Peter Schout, updated the audience on new functionality, in particular, related to enhanced cost and contract tracking & allocation, Fidessa / Thomson Reuters DACS / Bloomberg EMRS management, commissioning soft dollars, demand management through INFOmatch Enterprise Control and separation of duties (four eyes principle).

After this the meeting was continued with Screen staff moderated roundtable discussion sessions, in which small groups of customers from different institutions discussed several topics. With a total of 7 roundtables clients were able to participate in several sessions. The roundtable topics, which were predefined based on client suggestions, were about INFOmatch process improvement & automation, best practices, reporting, vendor management, Bloomberg management, managing other spend categories in INFOmatch (enterprise-wide subscriptions & expenses) and regulatory & compliance. The roundtables created a lot of lively interaction and exchange of information between peers and Screen staff on how INFOmatch’s role in helping to solve business problems and improve efficiency.

The event was closed with informal drinks and dinner at a famous Dutch restaurant with spectacular views over the river IJ and on the city. In the end, it was a very fruitful and interactive day. We received lots of valuable feedback and input, which will be used by us to prioritise and detail our future software development path, support and service offering.

The next day, October 11, the Screen Group was also present at ‘Screen Markets – Amsterdam 2016’, which already was the 24th products and services event for the European professional financial services community. The Muziekgebouw aan ’t IJ was again selected to act as the venue for this one-day event. The Screen Group booth was well visited by customers, business relations and passers-by that were curious to learn more about Screen’s in-house developed cost & contract management system, INFOmatch. Furthermore, they showed a serious interest in Screen’s leading consultancy practice dealing with reference & market data and investment management advisory services.

Central theme of this year’s event was defined as “Disrupting financial information services: The growing importance of FinTech & Big Data in dealing with clients’ and regulatory challenges”. Highlights of the day included a keynote speech by Dutch historian Maarten van Rossem titled “Financial security does not exist”, a panel discussion involving business executives from vendor and exchange organisations about “The changing landscape of Security Exchanges and Trading Venues” and a closing speech by Ngi-NGN about ‘Digital Transformation – The Big Picture’.

The event turned out to be a perfect platform to learn more about the latest trends in technology for the professional Financial Information Services industry. In addition to this it again provided excellent networking and B2B opportunities.

http://www.screeninfomatch.com/infomatch-ugm-2016/
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Screen INFOmatch Adds New Soft Dollar Arrangements Functionality to assist Investment Firms & Brokers Using Soft Commission Relationships

http://www.screeninfomatch.com/screen-infomatch-adds-new-soft-dollar-arrangements-functionality/

AMSTERDAM, August 22, 2016 – Global market & reference data inventory platform vendor Screen INFOmatch has added soft commissions monitoring functionality to its platform, to assist investment firms who pay their brokers for information services using soft commission relationships. The move will enable clients to monitor data provided using soft dollar arrangements with brokers. Commissions paid by clients will be linked to their brokers with their inventory and the invoices they receive, as well as automatically calculating remaining credit.

Commissioning soft dollars has existed in the market for a long time, says Screen INFOmatch chief executive Peter Fruitema, “If an asset manager wants to do a trade, he will go and find a broker and rather than getting a discount on the deal, the broker will say ‘I will pay for your information services which you use to support your business’,” Fruitema says. “So it’s a situation where they do many deals and build up a credit, and then [the asset manager] can say ‘Here’s my Bloomberg invoice; can you please pay it?’” The relationship is known as “softing” because the cost of the Bloomberg terminal doesn’t appear on the P&L of the asset manager, but is paid indirectly, he adds.

Screen INFOmatch developed the Soft Commission module in co-operation with a sovereign wealth fund in Asia. While Screen INFOmatch previously had “softing” functionality in its market data management solution, the new client actively pushed for increased functionality. The Soft Commission module allows users to track more detailed broker information, payment instructions, commission sharing agreements, and also delivers an overview of broker commission credits versus paid invoices and pending invoice amounts, as well as alerting users to exceeding their remaining credit balance.

“With the Soft Commission module, you can list all the brokers you’re dealing with, you can track all the commission you can pay to each broker, and you can track all the invoices you have paid through that broker. So you can calculate your own balance at the end of the month, what you have outstanding, what has been paid for you, and what credit you have left for future invoices,” Fruitema says, adding that Screen has numerous other asset managers clients that leverage soft commissions and would be interested in the functionality. “We knew that this wasn’t just a development for one single client, and is something we can re-use for other clients and prospects in the market.”

Read more:
http://www.screeninfomatch.com/screen-infomatch-adds-new-soft-dollar-arrangements-functionality/
(article as published in Inside Market Data on August 22, 2016)
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Futures broker ADM Investor Services Taps INFOmatch to Control Contracts, Costs

http://www.screeninfomatch.com/futures-broker-adm-investor-services-taps-infomatch-to-control-contracts-costs/

Screen INFOmatch ADM Investor Services, a full service investment brokerage company, has signed a deal with global market data inventory and usage monitoring platform vendor Screen INFOmatch to help manage the firm’s market data and IT contracts.

The firm has chosen Screen INFOmatch to help it to move to a more efficient process for managing data contracts and invoices. For ADM, the days of managing data contracts in spreadsheets will soon be a thing of the past. Read more:

http://www.screeninfomatch.com/futures-broker-adm-investor-services-taps-infomatch-to-control-contracts-costs/
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Screen Opens Screen London Office to Support Local Client Demand

http://www.screeninfomatch.com/screen-opens-screen-london-office-to-support-local-client-demand/

Screen INFOmatch Screen INFOmatch is to open an office in London to accommodate its growing business in the city. With currently 25 London-based clients among asset managers, banks, brokers, energy trading firms Screen INFOmatch’s growing customer base in the city is now “too big” to manage from abroad. Read more:

http://www.screeninfomatch.com/screen-opens-screen-london-office-to-support-local-client-demand/
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