Bridging Gaps – CJC Expertise Maximises Calero’s Market Data Management Solution
LONDON, 04 SEPTEMBER, 2023 – Crown Jewels Consultant Ltd (CJC), the award-winning and leading market data technology consultancy and service provider, is pleased to announce an enhanced collaboration with Calero (formerly Calero-MDSL), a global provider of technology expense management solutions.
CJC and Calero have been partnered through mutual clients for years, principally through CJC’s Commercial Management team where the Calero Market Data Management (MDM) solution is extensively utilised. The closer collaboration is a direct result of multiple clients leveraging CJC’s vendor-agnostic expertise for consulting and interfacing with the MDM solution.
- Data discovery, administration, and licensing management via the Index License Management (ILM) product to build a structured data source.
- Managing Telecom expenses through the Calero Telecom Expense Management (TEM).
- Cloud-based, hosted DACS for connectivity to external third parties, like Calero.
Paul Gow, CJC’s Chief Executive Officer, said "CJC and Calero have enjoyed a strong relationship for more than a decade, and over the last 18 months, our mutual clients have demonstrated exciting new areas of collaboration that benefit the wider industry”.
From a technical perspective, Peter Williams, CJC’s Chief Technology Officer, said “We have been providing DACS in the Cloud for several years. Preliminary clients moved to Cloud DACS to lower costs and accomplish initial steps in migration of market data systems to the cloud.” He adds “Today, clients see cloud DACS as a strategic move, especially for connecting to external partners and customers, many of which are in the cloud. Projects like this only work with partners like Calero, who can support both the client initiatives and the stringent security demands our clients and CJC strive for.
For Commercial Management, clients continued to expand the relationship by utilising CJC’s expertise to leverage and maximise ILM and TEM products.
Sara Baker, Global Head of Commercial Management – CJC, “ILM is an excellent plugin to MDM and provides unprecedented insight into costs and usage to a dataset that is traditionally known to be difficult to access. However, to source and structure this data is a great undertaking, which when completed, ILM can provide the value clients strive for. This data challenge sits in the grey area where CJC thrive, working alongside the clients, data vendors and software solution providers like Calero, our team helps achieve the results clients need while they focus on the vital run and change the bank activities”.
Outside of ILM, CJC and Calero have mutual clients who have started to benefit from TEM, in the commercial management of trader voice.
Alistair Brooker, Calero’s VP General Manager said, "We are delighted to be working closely with CJC and deliver more complete solutions for our clients.” He adds, "Accessing the MDM service from the cloud-hosted DACS and working with CJC on data challenges like ILM, or their utilisation of TEM for Dealerboard / Trader Voice provides additional value to clients. We look forward to our continued collaboration to help our clients optimise their technology spending.”
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The Communications Team
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CJC is the leading market data technology consultancy and service provider for global financial markets. CJC provides multi-award-winning consultancy, managed services, cloud solutions, observability, and professional commercial management services for mission-critical market data systems. CJC is vendor-agnostic and ISO 27001 certified, enabling CJC’s partners the freedom to focus on their core business.
Delivering superior solutions with integrity and personal service for nearly 30 years.
Managing over $25bn of spend within Calero solutions, that are designed to provide clarity, control, compliance, and cost savings across the largest global technology estates.
This is what makes Calero the industry market leader and leading Technology Expense Management provider. With a deep commitment to innovation and customer success, Calero partners with organizations to provide a modernized, centralized technology expense management solution that supports Market Data Management, Telecom Expense Management, Managed Mobility Services, and SaaS Subscription Management.
Whether considering a relationship with us as a customer, a partner, or a member of our team, we invite you to get to know us and our passion for this industry.