Thomas Murray Data Services was founded in 1994 and today assists banks, funds and capital market entities manage and control counterparty, asset safety and associated risks in the global securities services industry. The company has developed to incorporate over 100 staff in five continents.
- Phase 1 (1999-2004) – Between 2000 and 2003, capital was raised with the goal of creating a data and risk rating business supporting financial institutions. This stage of development involved gathering data on the world’s capital market infrastructures, carrying out primary research and issuing proprietary risk ratings on local market entities. It took many years to gain acceptance with local capital market entities and establish robust data and risk validation routines.
- Phase 2 (2005-2013) – From 2005, banks and brokers increasingly subscribed to Thomas Murray Data Services’ products and services, supplementing work done by their own staff. Today, banks rely on Thomas Murray Data Services to support regulatory and internal requirements to assess and monitor their counterparties around the world with larger banks typically using the data to help validate internal data and assessments. Many major groups white-label Thomas Murray Data Services' data management applications to manage and distribute data intra-group and externally.
- Phase 3 (2013-present ) – Thomas Murray Data Services has continued to build out its client base across custodians, depositaries and cash banks - leveraging its tools, risk assessments and data to benchmark capital markets to support the development of market and regulatory requirements affecting banks and funds. Through Benchmarking and Analytics, Thomas Murray Data Services provides independent analysis to consultancy groups supporting institutions such as exchanges and governments seeking to bring under performing capital market infrastructures up to global standards. These post-trade risk ratings and the associated data can be made commercially available to risk managers, compliance officers and other executives interested in tracking post-trade risks across the world.