Alveo wins IMD/IRD’s Best Reference Data Managed Service Award

Industry recognition follows key customer wins and ESG data management expansion

New York, 17 May 2022 – Waters Technology has announced that Alveo, a leading financial data management solutions provider, has won the prestigious Inside Market Data and Inside Reference Data Best Reference Data Managed Service award for 2022. The award follows increased adoption of, and momentum for the Alveo managed data service PaSS for pricing and reference data.

“We are delighted with this industry recognition,” said Mark Hepsworth, CEO Alveo, “We have continued to innovate our reference data management solution to help clients with data quality and business user self-service. In addition, Alveo has evolved its proven technology platform that underpins PaSS to address market trends including clients shifting their entire application landscape to the cloud and the inclusion of ESG data integration in core data management processes.”

“The IMD & IRD awards highlight the best solutions and providers in the market and reference data industries,” said Victor Anderson, global content director of WatersTechnology. “Financial services firms are focused on improving business-user data access, self-service models and data quality, while simultaneously looking to lower their operating costs. By using managed services, they can de-risk change and focus on the KPIs of their data processes, rather than all of the operating processes required to run a reference data management platform.”

The IMD/IRD awards recognize industry excellence within market data, reference data and enterprise data management and have been announced at the end of this year’s North American Financial Information Summit (May 17, 2022).



About Alveo

Alveo is the leader in market data integration and analytics solutions for financial services. Focused on optimizing data flows for business user self-service, we provide cloud-native data aggregation and data quality management that enables clients to easily access trusted data while maximizing their data ROI.

Through our managed services, we ensure that clients can smoothly onboard, prepare and validate data for use in operations, trading, investment management, pricing, risk, reporting and machine learning.

We service a global client base and our award-winning technology provides easy integration into business user workflows and a proven platform for advanced analytics. Through combining deep domain expertise with the latest open-source technologies, we help financial institutions ensure high-quality data, optimize market data cost and maximize productivity.