IHS Markit – LONDON – IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Geode Capital Management, LLC (“Geode”) a global asset manager with approximately $242 billion AuM, has selected Markit EDM. The replacement of the firm’s legacy ETL functions and data infrastructure with a central data management platform will enable Geode to fulfill its ambitious growth plans.

“Our business strategy is to grow the firm on all fronts by providing systematic global investment solutions across multiple asset classes,” said Ed Shea, CTO, Geode. “We expect our trading volumes, daily positions and overall data processing needs to grow significantly over the next few years. We needed a new approach to data management that would give business users enhanced visibility and control over the data they use and enable us to standardise and automate numerous data processes. Markit EDM supports our disciplined investment process and provides us with a robust platform for growth.”

“Markit EDM excels at empowering business users in their day to day operations by providing access to diverse sets of trusted data,” commented Spiros Giannaros, managing director, Markit EDM. “This means that Geode’s business users will enhance their ability to access, aggregate and query data. Since the platform also enables users to trace the lineage of their data, there is a clear audit trail for each piece of data, from source through to consumer.”

The initial phase of the implementation will focus on Security Master and Product Master with further data entities to follow.