A-Team Insight Author: A-Team
Sharefunds Appoints ValueLink for Price Validation and Corporate Actions
ValueLink Information Services, the supplier of validated financial data solutions, has announced a major new client win. Following a comprehensive period of analysis, Sharefunds Limited, (part of the Share plc group) selected ValueLink’s Price Validation and Corporate Actions service for their mid-day valuations. ValueLink provides Sharefunds with global pricing data across all instrument types. They...
Data Standards Hobgoblins
As well as the discussions around entity identification, this month’s FIMA featured a number of serious debates about the benefits of a data utility approach at an individual firm and industry level. Panellists and speakers generally fell into two camps: those wary of adopting such an approach and those fully convinced of its benefits at...
UBS’ Berry Sounds Call for an End to Vendor Identifier Complexity via Regulation, Again
In keeping with his work for the Information Providers User Group (IPUG), David Berry, executive in charge of market data sourcing and strategy at UBS, called for an end to vendor complexity by eliminating the use of proprietary instrument identifiers. “Vendors introduce complexity into the market by attempting to differentiate themselves on the basis of...
Perry Discusses Goldman Sachs’ Creation of a Central Instrument Reference Database for its Global Operations
Goldman Sachs has taken a step by step approach towards developing a centralised instrument reference database to support its global operations, according to Jim Perry, vice president of product data quality at the investment bank. Speaking at FIMA earlier this month in London (in addition to his earlier panel slot on regulation), Perry elaborated on...
Omgeo ALERT Furthers Market Leadership with More Than 500,000 Funds Represented Globally
Omgeo, the global standard for post-trade efficiency, today announced that Omgeo ALERT, the world’s largest and most compliant web-based global database for the maintenance and communication of standing settlement and account instructions (SSI), has experienced unprecedented client growth going into 2011 with over 1,700 clients globally. As a result of continued market turbulence and regulatory...
ING Investment Management Has Banned the Term ‘Golden Copy’, Says Murphy
Proving that for some institutions the approach to data management is changing dramatically, Nick Murphy, data specialist for pricing and evaluations at ING Investment Management, told delegates to last week’s FIMA that his own firm has banned the term “golden copy” from use. The focus is on maintaining centralised and standardised data for instruments, but...
Improving Data Quality to Support Valuations is a Key Focus for Invesco Perpetual, Says Shrubsole
Invesco Perpetual is currently focusing on ensuring data quality standards are being met in order to support the buy side firm’s fair value processes, regulatory compliance and the risk and performance function, explained head of data management Ian Shrubsole. “We want to be able to rationalise and consolidate our operations, but we also need to...
Netik’s Flatley Highlights the Reference Data Impacts of a Boom in ETFs and Property Trading
The increased use of exchange traded funds (ETFs) and other similar synthetic instruments for the purpose of leverage or hedging has put stress on the reference data function, said Rob Flatley, CEO of EDM outsourcing solution vendor Netik, at FIMA last week. The buy side’s move to trade property is also causing challenges because most...
RIMES Appoints Mitesh Modi as Chief Operating Officer
RIMES Technologies, a provider of benchmark data services, today announced that it has hired Mitesh Modi as the company’s chief operating officer. Modi will take responsibility for all aspects of operational management across the increasing number of RIMES offices around the world. The appointment reflects RIMES’ continuous growth and ongoing commitment to global expansion. Modi...
UBS Asset Management’s Webster Elaborates on its Constitutional Approach to Data Management
UBS Asset Management has a relatively unusual approach to its data management strategy: it has a constitution that lays out the policies and principles related to data ownership and accountability. Ian Webster, global head of data management for the buy side arm of UBS, showed the document to FIMA delegates last week and explained that...