Technology
Fortis Rolls Out Data Management Project

Belgian banking group Fortis has begun a global market data management project to manage data usage through a competence centre in Brussels. A major part of the project is the expansion of the bank's installation of Screen Consultants' INFOmatch inventory management software to offices in London, New York and Hong Kong. The project will cover around 5,000 market data users globally and 120 data vendors. Fortis began its plans to expand the scope of INFOmatch last year, after completing a project to migrate its London offices onto a single market data management system. The original deployment was designed to manage data usage in Brussels, Amsterdam and Luxembourg, while the London office had used the Market Data Manager software from UK-based vendor MDSL. But Fortis decided to consolidate to a single market data management system after Fortis bought Dryden Wealth Management, which had been using INFOmatch-from Prudential in 2005.