FactEntry Targets Vendor Community with Data Search and Rescue Offering for Fixed Income Markets
Following two years of development and investment in its flagship and three subsidiary solutions, new data vendor on the block FactEntry is finally ready to begin pitching its wares in earnest, according to Sandeep Dhingra, director of the Indian-based start-up. Thus far, FactEntry has bagged two vendor clients for its Fixed Income Database Objects (FIDO)...
Avox’s Price and DTCC’s Kirby Explain Integration Plans and Utility Potential
The Depository Trust & Clearing Corporation’s (DTCC) acquisition of Avox has given the UK-based counterparty and entity data vendor the ownership structure it has long needed to establish itself as an industry utility, according to CEO Ken Price. As noted by Reference Data Review, the appeal for DTCC was in adding the final piece of...
DTCC’s Avox Acquisition Boosts its Overall Utility Approach to the Market
Given its ambitions to become an all round data utility provider for the financial services markets, the Depository Trust & Clearing Corporation’s (DTCC) acquisition of UK-based counterparty and entity data vendor Avox this week comes as no surprise. DTCC has been gradually positioning itself as a utility provider, rather than your common or garden vendor,...
DTCC Acquires Avox Limited
The Depository Trust & Clearing Corporation (DTCC) announced today that it has acquired the outstanding shares of Avox Limited, a reference data business located in the UK. Avox Limited’s primary business is cleansing and maintaining high quality reference information on legal entities and counterparties needed by financial services to support a variety of operational, risk...
Half of Asset Manager Respondents to Citi Survey Plan to Outsource Valuation Function, 28% to Outsource Risk Management
Back and middle office functions such as evaluated pricing for illiquid instruments, data management, corporate actions processing and risk management are all on the radar for potential outsourcing by asset managers over the next three years, according to a recent survey by Citi. The survey, which involved 237 asset managers from 29 countries, indicates that...
Bombay Stock Exchange Opts for Swift’s Corporate Action Service, Four Custodians Already on Board
The Bombay Stock Exchange (BSE) has rolled out Swift’s corporate actions service to provide custodians in the Indian and international market with automated data on Indian corporate actions events. Standard Chartered Bank, Deutsche Bank, Citibank and HSBC have thus far signed up for the service, which went live in May, and a number of other...
Exchange Data International Opens New York Office Reflecting Business Expansion and Appoints Hyland
Exchange Data International Limited (EDI), a specialist provider of global reference and corporate actions data, has opened a new office in New York to service its existing and growing North American clients. EDI at the same time has appointed Michael Hyland, an industry veteran, to advise on strategic matters especially with regard to fixed income...
XBRL Tagging of Corporate Actions Could Save the Industry US$400m per Year, According to DTCC, Swift and XBRL US Case Study
As promised by David Hands, director of asset services product management at DTCC Solutions, back in April, the group working on the XBRL and ISO mapping initiative has finally published its case study to illustrate why firms should adopt XBRL tagging for corporate actions. And that reason comes in the form of an estimated saving...
DTCC, SWIFT & XBRL US Unveil Business Case for Corporate Actions Automation
The Depository Trust & Clearing Corporation (DTCC), SWIFT and XBRL US today announced the results of a business case advocating a transformation in the way corporate actions announcements are communicated in the United States, allowing investors to receive information on such corporate actions as mergers, dividends, stock splits and other events in a more timely,...
SunGard Boosts Data Management Offering By Combining MarketMap and Fame Under SaaS Banner
In line with the current trend in the vendor community towards launching software as a service (SaaS) versions of data management solutions, SunGard has decided to combine its Fame and MarketMap offerings under the banner of a new SaaS environment. The vendor has just integrated Exchange Data International’s (EDI) corporate actions data feed into MarketMap and...