FISD’s Consumer Constituency Group today honored the London Stock Exchange with the first-ever “Best of the Best” Award for Excellence in Financial Information Commercial Policies. The award, presented today in Paris, is given on an ad-hoc basis when a supplier demonstrates excellence in the development and roll-out of new administrative policies.
The London Stock Exchange was selected for the first-ever ‘Bobbie’ award for its dedication to responding to customer needs, development of a simple, standardized administrative process, and adherence to industry best practices.
The CCG was particularly impressed with the introduction of a per-user model, which allows netting across vendors. It simplifies the unit of count, which allows for the introduction of a new non-display charge, along with its new non-display policy. It is the hope of the group that the award will serve as an incentive for all suppliers to implement their policies with equal clarity and reasonableness.
Laura Greenback is Communications Director at SIIA.