CMA Enters Credit Pricing Arena With Buy Side Observed Data…
Participants in the credit markets have access to a new pricing data source from CMA, provider of the CMA DataVision service now available via Bloomberg Professional. CMA, founded in 2001 by credit specialists and with offices in London and New York, says its credit default swap (CDS) pricing service is differentiated from competing offerings by...
Trace Ties Up With Telekurs, Reuters For ISO 15022 CA Data
Trace Financial and Telekurs Financial have worked together to offer enhanced delivery mechanisms for the Telekurs Financial Valordata Feed (VDF). As a result of this effort, VDF corporate actions information can be mapped directly to a customer’s business system through the Trace Financial Transformer application, using a data dictionary approach, the partners say. Telekurs Financial’s...
A New Age of Automation For Proxy Voting on Horizon?
The similarity of the proxy voting process to the corporate actions process has in some ways negatively impacted efforts to automate proxy voting, but a recently initiated pilot of new Swift proxy voting messages could herald in greater efficiencies to the process. This was the message from Chad Spitler, principal/associate director, corporate governance and proxy...
Panmure Gordon Tests New CA Data Feeds via Mondas System
Following a rapid 12 week implementation, institutional stockbroker Panmure Gordon & Co is live on the Radica CAPS corporate actions processing system from Mondas. The system is currently taking corporate actions data feeds from Panmure’s international custodian BNP Paribas and vendor Exchange Data International (EDI). The firm is also testing feeds from Telekurs Financial and...
AMF Releases CA Recommendations
The Asset Managers Forum (AMF) of the Bond Market Association has released an exposure draft of recommended best practices for processing corporate actions. One recommendation is that custodians use at least two sources for corporate actions information and cross-check them for accuracy. The comment period for the draft ends on November 30.
LSE Defends New Pricing Model For Corporate Actions Data
The London Stock Exchange refutes the suggestion that its new pricing policy for subscriptions to its corporate actions data by distributors is simply an attempt to extract more revenues from data vendors. According to Mark Husler, head of reference data at the exchange, the new policy, due to take effect in April 2007, is the...
Swift to Kick-Off Prototype CA Message Certification
Later this year Swift will start a certification proof of concept of the Swift Testing and Certification Service for ISO 15022 compliant corporate actions messages. A number of custodians and vendors have com-mitted to having their messages exam-ined by this prototype testing tool. The messages will be tested against the standard Swift verification, and then...
CheckFree/CDS INC Partner on Canadian Corporate Actions Data
CheckFree eVent, CheckFree Corporation’s automation and workflow solution for corporate actions processing, now interfaces with CDS INC’s ISO 15022 compliant corporate actions data feed. CDS INC is a subsidiary of The Canadian Depository for Securities, and supplies Canadian equity and debt entitlements information. As a result of this joint effort, Canadian entitlement data for the...
DTCC to Replace XSP with In-house Platform For Global Corporate Actions Validation Service
Aiming to bring control of its Global Corporate Action (GCA) Validation Service in-house and to improve the quality of its corporate actions data, the DTCC has been developing its own platform to support the service, replacing existing Xcitek XSP technology. The new platform is scheduled to go live in September, according to sources. A document...
Telekurs Financial Adds Verification Report to Cars
Telekurs Financial has added a verification service to its Corporate Actions Reports Service (Cars). Cars enables Telekurs clients to receive notifications of events taking place on their portfolios in advance of the event. Pre-defined reports monitor an agreed number of event types and output an agreed number of data fields. Under the new service, the...