Vermeg Receives SwiftReady Label for Megacor
Vermeg has received the 2008 SwiftReady label for its corporate actions solution, Megacor, for the sixth year in a row. The label denotes that Swift has deemed the solution in compliance with local standards and practices, following a testing process, according to Hervé Valentin, business development manager, partner management at Swift. Valentin adds: “Earlier this...
Outcry for Regulatory Reform and Transparency Paves the Way for E-Delivery and Consent Strategies
Originally appeared in MiFID Monitor By Len Driscoll, chief client officer at NewRiver The fallout from the recent financial market turmoil and the looming presidential election have created a ‘perfect storm’ for a regulatory impact to hit by year end. After a decade of false starts and failed attempts at fixing the cumbersome, costly ‘big...
MTF Operators Join Forces to Form Pricing Data Working Group
Originally appeared in MiFID Monitor Multilateral trading facility (MTF) operators Chi-X, Turquoise, Plus Markets and Nasdaq OMX have formed an informal working group to examine the potential of establishing an alternative source for pricing and market data. The agreement between the various parties is a reaction to the fragmentation of the equity markets under the...
EDI to Provide Advent Clients with Equities and Fixed Income Corporate Actions Data
Buy side systems vendor Advent Software has signed an agreement with reference and corporate actions data vendor Exchange Data International (EDI), under which EDI will provide worldwide equities and fixed income corporate actions data to Advent clients. The data will be provided to clients via Advent Corporate Actions (ACA), Advent’s straight through processing service. EDI...
Automation is Not a Magic Bullet for Corporate Actions, Says CityIQ
Although areas such as data capture and notifications have been automated, there are still many areas to be tackled in the processing of corporate actions, according to the results of CityIQ’s recent corporate actions survey. Moreover, automation is not the end state for efficiency in the space: adherence to market practices and greater standardisation are...
DTCC Extends to Dividend, Redemption and Reorganisation Services for Canada
The Depository Trust & Clearing Corporation (DTCC) has enhanced its settlement link with CDS Clearing and Depository Services to offer new corporate action services including dividend, redemption and reorganisation services. Patrick Kirby, DTCC managing director for Asset Services, explains to Reference Data Review that the expansion of the services in this area is a result...
XSP Picks Tier 3 to Host Data Centre and Technology Infrastructure Requirements
XSP has selected Tier 3, which calls itself an infrastructure as a service (IaaS) provider, as a strategic partner to host and maintain its data centre and technology infrastructure requirements. According to the vendor, Tier 3 will also provide an environment for hosting its User Acceptance Testing (UAT) and software automation labs. The corporate actions...
BISS Research Grants Information Mosaic’s Cama 2008 CA Accreditation
BISS Research has bestowed its 2008 CA Accreditation on Information Mosaic’s Cama corporate actions system in all three market sectors of asset manager, broker-dealer and custodian. Gary Wright, CEO of BISS Research, explains: “The benchmarking has highlighted value added features of Cama and other services provided by Information Mosaic, which are described in this years...
XSP Achieves SwiftReady Corporate Actions Label Accreditation
XSP’s v5 platform has achieved the SwiftReady Corporate Actions Label accreditation for 2008 in conjunction with Microsoft BizTalk Accelerator for Swift, the SwiftReady Financial Enterprise Application Integration (EAI) product. This is the fourth consecutive year that XSP has received this accreditation.
Korea’s Shinhan Aitas Picks SmartStream Technologies’ TLM for Corporate Actions
Korean fund administrator Shinhan Aitas, part of the Shinhan Financial Group, has selected SmartStream Technologies’ TLM Corporate Actions to feed corporate events into its client reports. Kees Middendorp, senior consultant, corporate actions, for SmartStream Asia Pacific, explains that the administrator, which provides outsourcing services to fund managers in the region, selected the solution as part...