NEW YORK and SYDNEY, July 16, 2014 /PRNewswire/ --
RIMES, the leading provider of managed data services for the buy-side, today announced a distribution agreement between Bloomberg Indexes and RIMES Benchmark Data Service® (RIMES BDS®). The new data now available on RIMES BDS includes the Bloomberg Commodity Index Family (BCOM), the leading commodities benchmark, and Bloomberg AusBond, the leading benchmark for the Australian fixed income market. The relationship allows both RIMES and Bloomberg to provide another venue for key buy-side participants to access these industry leading benchmarks.
RIMES BDS® is a fully managed data service that can deliver large volumes of index and benchmark data. This data can be customized and tailored to the needs of the end-user, and is available within a streamlined and scalable operating platform, providing great transparency for firms which can result in a reduced total cost of ownership. With the addition of Bloomberg Indexes, there are now over 150 data partners on RIMES.
According to Alessandro Ferrari, SVP Global Marketing at RIMES, "We free buy-side firms from the daily burdens of data processing and governance. No two RIMES clients are similar in their wants and needs when it comes to their data requirements. As a result, we strive to continue to offer the complete customization firms need to get the most out of their data, and limit the manual processes and checks that firms handling their data in-house must manage, day after day. We are proud to have such quality index and benchmark data on offer and our collaboration with Bloomberg Indexes is another example of the first-class data that we continuously provide for our clients."
RIMES Technologies Corporation was founded in New York in 1996 to meet the specialist data requirements of the buy-side. World-class data supported by first-class service remains a prime focus of RIMES today, providing not only cost effective and business-ready data, but also the reliable governance that protects brand reputation and meets regulatory needs. RIMES services are designed, delivered, and supported by an expert global team serving over 250 investment managers, custodians, insurance companies and pension funds in 40 countries, and 50 out of the largest 100 global asset managers by TAUM. RIMES' suite of managed data services range from data processing through to data governance. All solutions are all fully managed and deliver hundreds of data sources from over 150 data partners in one single, fit-for-purpose feed. RIMES clients benefit from a world-class data operating platform without a major investment in people or technology. Firms that rely on RIMES achieve more with less.
Cognito Kevin Maher / Diana Alickaj
SOURCE RIMES Technologies Corporation