September 26, 2005
Accenture to provide data management services to Citadel Investment Group
Citadel Investment group has retained the services of Accenture to take care of its data management needs. Citadel manages assets of over $12 billion along with its affiliates. Accenture’s services have been retained for a period of 10 years. In the course of this 10 year period Accenture will be responsible for range of standardization, infrastructure and support services for reference date. Reference data is a category that includes codes, identifiers and other information pertaining to stocks, bonds and other financial instruments.
A holistic approach will be employed wherein the software services company will be in charge of both incoming as well as outgoing data. This will ensure that all the information pertaining to the client are accurate and well sorted so that easy retrieval of information is possible at any step. The deal also includes providing grid based infrastructure apart from complete data and information technology administration. Chronline.com reports:
“The deal covers a range of standardization, infrastructure and support services for "reference date," a category that includes the codes, identifiers and other information pertaining to stocks, bonds and other financial instruments.”
Read More: Accenture bags 10-year deal with large hedge fund
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