NEW YORK, Oct. 22, 2013 /PRNewswire/ -- S&P Capital IQ and S&P Dow Jones Indices have won the 2013 iCMG Enterprise & IT Architecture Excellence Award for Best Enterprise & IT Architecture in Banking, Financial Services, and Insurance. The global award honors architects and enterprises in the discipline of architecture, whose work demonstrates a combination of talent, vision, and workmanship, creating successful and enduring systems and enterprises. Entries from 27 countries were submitted for several award categories.
Rakesh Kumar, Vice President and Chief Architect of S&P Capital IQ and S&P Dow Jones Indices, presented the winning High Performance Financial Analytics Platform (HPFA) and accepted the award in a recent ceremony in Bangalore, India. "We are very excited to win this award because there aren't many awards in the industry for software architecture and this is a global award," said Mr. Kumar. "It recognizes our skills in the area of high performance analytic platforms, where we have had tremendous success in creating new capabilities and solutions for our business products. It was inconceivable to even bring these large analytics computing solutions to life without this platform. Several of these products came to realization on the HPFA platform, providing high performance computations ensuring very fast delivery of our analytical products. The forward looking design of the platform enables quicker on-boarding of analytics as we continue to expand our products in this space.
HPFA is an example of the service-oriented-architecture, platform-centric approach adopted by S&P Capital IQ and Dow Jones Indices. The platform allows for highly computational applications such as simulations to process thousands of transactions simultaneously. Some examples of applications currently using the HPFA are: pricing systems; on-demand portfolio simulations; portfolio pricing; risk pricing; and sentiment analysis.
"HPFA is a terrific example of what we can do to create a competitive advantage by using existing technologies in creative and pragmatic ways," said Robert Coppola, Chief Technology Officer of S&P Capital IQ. "When we work as a team to meet and anticipate business needs while staying focused on short-term value and execution, we can provide solutions that provide quality, scalability, and adaptability. This offers us the capability to improve our speed to market and offers greater flexibility to deliver on future opportunities."
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities & Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit: www.spcapitaliq.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
S&P Capital IQ and S&P Dow Jones Indices are separate and distinct entities under the McGraw Hill Financial umbrella.
SOURCE S&P Capital IQ