About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

EDM Council Taps Institutions For Membership Fees For 2007

Subscribe to our newsletter

In a move that may go some way towards countering criticism that its vendor-funded status stands in the way of its ability to establish industry standards for enterprise data management, the EDM Council is beginning a planned shift from a vendor-funded model to a membership model.

Its base of vendor sponsors is already expanding. BearingPoint and Cicada branding joins that of founder sponsors IBM, SunGard and GoldenSource on its web site, and the council says interest among vendors – including data vendors – in joining the initiative is high. Beginning in January 2007, a membership fee will be charged to participating institutions.

The council’s membership has increased to 70 firms (from 25 a year ago), with individual membership standing at 181.
Mike Atkin, managing director of the EDM Council, says it is in discussions with its members at the moment to ensure they put the membership fees into their budgets for early next year. There was always a three stage business plan for the council, he says, beginning with the founding sponsors who seeded it with dollars and intellectual capital, moving through sponsor expansion and then converting to a membership model. “If there is value in the council, then industry participants will support it via their membership. If there is no value, then the council should go away,” he says.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Streamlining trading and investment processes with data standards and identifiers

Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration. Due to this increased complexity of institutions’ data needs, however, information often arrives into...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

MiFID II Handbook

As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have...