CJC Commercial Management & The Roberts Group announce partnership to offer FITS based managed services
Service and software combine to create the ultimate market data administration solution
October TBC, 2016 – London – CJC Commercial Management (CJC CM) and The Roberts Group (TRG) today announced a partnership to provide a world class, multi-faceted market data administration solution for clients in the financial industry. The partnership brings together CJC CM’s market data managed services, directly supported by TRG’s FITS market data inventory management software, training and support.
Michelle Ansell, Managing Director CJC CM, said:
“I have always believed that the inventory platform is the pivotal tool that enables us to deliver our full suite of managed solutions. The team at CJC CM is expert at helping our clients to enhance their strategic business decision making by optimising their data to provide meaningful intelligence in managing vendors, products, compliance and cost management. Our skill is in leveraging FITS to develop robust frameworks to manage the complexities of market data. FITS is our platform of choice – this partnership formalises our strategic relationship which we look forward to building further.”
TRG CEO, Steve Matthews, commented:
“We are delighted that CJC CM has selected FITS as its preferred inventory management system having successfully worked closely together on a number of initiatives. The partnership is founded on mutual respect and is built on our shared ethos of in-depth expertise and high quality customer service; it combines CJC CM’s great reputation and the advanced software features only available on the FITS platform.”
Global financial institutions are already leveraging a combination of TRG and CJC CM resources for their market data administration with FITS. One example is ED&F Man Capital, a global financial brokerage firm, whose inventory data has been fully migrated by TRG from their previous inventory vendor’s platform. CJC CM continues to provide the on-going global managed service for ED&F Man Capital, but now its client is able to benefit both from CJC CM’s expert team, and leverage the powerful inventory management capabilities of FITS.
Chris Smith, Global CEO of ED&F Man Capital Markets, attested:
“Understanding, controlling and allocating our costs are a vital part of our business. CJC CM are experts at utilising the FITS inventory platform to deliver the clarity and detail that we require to have total transparency across all aspects of our IT spend and contract obligations. We have total confidence in the team and their ability to provide outstanding service to ED&F Man Capital Markets and support our growth plans.“
The partnership also provides a unique offering to smaller firms seeking the benefits of the industry’s leading market data inventory system. The combination of CJC’s expertise in market data administration and TRG’s FITS platform provides an appealing, multi-faceted solution. TRG will continue to provide fully and partially managed services directly to clients, with the CJC partnership offering clients a choice of managed service provider depending on their size and mix of functional and geographic needs.
For more information, please contact
Michelle Ansell, Managing Director
CJC Commercial Management
+44 (0)7976 396 960 or +44 (0) 20 3328 7561
Richard Mundell, Director
The Roberts Group
+44 (0)20 7374 0004 or +1 212 499 2680 x20
About CJC CM
Founded in 2012, CJC CM creates bespoke, scalable commercial management solutions. With proven capabilities spanning trading applications, market and reference data and IT expenditure rationalisation CJC CM is successfully building a business year on year delivering managed services and discrete consultancy engagements to a growing list of global clients in the Financial Services industry. Underpinned by practical experience within the vendor, business and exchange environment, the CJC team provides expert and impartial advice, delivering a best practice, cost effective managed service alternative to in-house commercial management. Our ‘no compromise’ approach to excellence throughout the organisation means that we only employ best-in-class practitioners, who all share our passion in delivering the highest quality service to all our clients, irrespective of size or location. The CJC global support network, coupled with in-depth local knowledge ensure we have the expertise and flexibility to quickly adapt our services to meet to the constantly changing business needs of all our commercial management customers worldwide.
About The Roberts Group
Since 1998, The Roberts Group has been providing leading expense and inventory management solutions for market data, enterprise subscriptions and expenses, to the global Financial Services industry. Through its proven delivery of system and service offerings, TRG continues to distinguish itself throughout the industry with a growing client base, currently managing $2 Billion in expenses through its Financial Information Tracking System (FITS). From small private hedge funds to the largest global financial institutions, buy-side and sell-side, FITS can help reduce market data spend between 10% and 30%. FITS is available as a secure, SaaS-delivered solution (“FITS Online”) or for internal installation. In 2014 TRG received a strategic investment from Polaris Partners, further enabling the company to continue on its impressive growth trajectory in delivering market data, enterprise subscription and expense management expertise, and cost transparency to the financial services indust