Grupo CIMD goes live with MDXT to streamline data collection

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MDX Technology (MDXT) recently announced that Grupo CIMD has gone live with MDXT’s data distribution solution. The development is expected to support increasing client demand for flexible access to premium data by broadening distribution channels to market. MDXT is also the powerhouse behind IOWArocks, the global data marketplace for market data, reference data and alternative data.

Jesús Mayo, CTO, Grupo CIMD, commented, “We selected MDXT due to their formidable data distribution reputation. Implementation has been fast and seamless, and we are delighted to be already gaining value through the monetisation of our data to a broader client base across a wider range of channels. We are looking forward to working more closely with Paul and his team in the coming months.”

MDXT has now been integrated with Grupo CIMD’s core infrastructure to collect, store and distribute data both internally and externally. The solution is already distributing data to Refinitiv with further endpoints, such as Montel to be added soon.

Paul Watmough, CEO at MDXT concluded, “We are delighted to be supporting Grupo CIMD as they grow, helping them to further exploit the value of their market data. The industry is seeing a gradual but positive change in the ways that firms approach market data technology, as evidenced by the growing interest in our own IOWArocks global data marketplace.”

“For the first time it is acceptable to use more innovative and cost-effective solution providers as opposed to the big brand names. It is essential for our clients, like Grupo CIMD to recognise these trends and leverage technology such as ours to be able to provide their client base with access to market data across whichever channel they desire.”

Grupo CIMD is an independent brokerage, consulting, securitisation and asset management Group in the financial and energy markets in southern Europe.