Financial software firm NeoXam, which specialists in transaction software solutions, has integrated ICE Data Services’ pricing and reference data into its Enterprise Data Management (EDM solution).
The new partnership will give NeoXam customers access to pricing, fixed income evaluated prices, reference data and corporate actions from ICE Data Services. The data will be available through DataHub, NeoXam’s central repository and user-oriented data management tool used by asset managers, banks, institutional investors and other large asset servicers. Initially only pricing and reference data will be available but going forward NeoXam confirms that additional datasets will also be integrated.
“This collaboration couldn’t have come at a better time,” says Florent Fabre, NeoXam Chief Operating Officer. “Data management has always been important for financial institutions, but the rapid changes we’re seeing in global market structures make enterprise data management even more important now than in the past. By integrating ICE Data Services data into our platform, we’re able to bring another recognized data provider to our global client base.”
From the ICE perspective, NeoXam’s reach into France and other European markets is particularly appealing in terms of distribution. The firm, which is based in Paris and owned by private equity partners Cathay Capital and Bpifrance, has seen its revenue increase 25% over the last two years and has signed over 32 deals and hired around 150 new employees.