ING Bank Goes Live With Enterprise Data Sharing Solution From MDX Technology
LONDON, UNITED KINGDOM -- (Marketwired) -- 06/04/14 -- Market data
connectivity specialist, MDX Technology (MDXT), today announced that
ING Bank has gone live with its enterprise data sharing solution.
Fixed Income traders in Amsterdam can now communicate more
effectively with ING's global institutional sales offices.
The MDXT Connect platform, a lightweight data sharing solution,
subscribes to the house price from ING's trading platform. The
trading desk is then able to flexibly add critical pricing and
analytics data required by the global sales teams to enhance the high
levels of client services. Data is now communicated instantly between
trading and sales with a far more efficient process in place.
Historically, traders published the data to an external third-party
data vendor, which the sales teams had to subscribe to. As a result,
the data does not leave the bank, internal communication is improved,
infrastructure costs are reduced and ING clients are better served.
Marcus Welling, Head of Fixed Income Trading at ING Bank, said,
"ING's strategy is to deliver an excellent customer experience by
offering appealing and transparent products and services,
multi-access distribution, and efficient and effective operations.
MDX Technology has helped us work toward this goal. Our traders and
sales people are now only limited by their own imagination. We are
not as dependent on our internal IT department when we require new
functionality. Moreover, with Microsoft Excel and MDXT Connect we can
almost build anything."
Paul Watmough, CEO at MDX Technology, said, "More than ever we come
across scenarios within investment banks where a smaller number of
traders need to collaborate with a growing team of institutional
sales people to reach a broader customer base. Efficient data sharing
then becomes a prerequisite."
ING Bank is MDX Technology's 12th European customer.
Notes to editors:
Screenshots and headshots of Paul Watmough can be downloaded from our
About MDX Technology Ltd.
MDX Technology (MDXT) focuses on market data connectivity solutions
for Traders, Developers and Market Data Professionals in the Capital
Markets, Energy and Commodities sectors. MDXT's clients include
investment banks, prop traders, hedge funds, investment managers,
spread betters, brokers and other software development companies
across the globe. MDXT is headquartered in London with global
representation. For more information please visit
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For further information please contact:
Phone: +1 646 520 5548
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