MIDDLE EAST
“ THE BANK
HAS VERY STRONG TIES ON SUSTAINABILITY .
WE DO A REPORT EVERY
YEAR , AND PROCUREMENT IS A LARGE PART
OF THAT IN
TERMS OF HOW WE MANAGE THE SUPPLIER
DATABASE , AND HOW WE DO BUSINESS
WITH PEOPLE ”
Market data is a relatively new interest for the procurement department . To make sure that bankers remain informed , the procurement team sources financial data feeds from a broad range of data providers such as Bloomberg and Reuters . “ For us , market data is the key thing that drives all of our traders ,” Brown explains . “ If you ’ re looking at the trading floor , moving commodities and moving money around the trading market , we need accurate , up-to-date information about how trends are moving , so traders need to have the right information we deliver that to them .”
The procurement team also provides NBAD traders with feeds from NASDAQ , FTSE , and other global stock markets . These , along with the data feeds from Bloomberg and Reuters etc ., allow the staff to carry out their jobs to the highest standards .
“ If we don ’ t ensure that they ’ ve got the right tools ( and there ’ s multiple tools and multiple data feeds ) they can ’ t make informed decisions as to what to do with the global market ,” Brown adds . Procurement uses a
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