Luzerner Kantonalbank Upgrades to GFI Group’s FENICS Professional
GFI Group Inc. announced today that Luzerner Kantonalbank is deploying FENICS Professional which enables the bank access to FENICS Structuring and FENICS Enterprise. A GFI FENICS client since 2006, Luzerner Kantonalbank is extending its agreement for a further 3 years and will continue to use GFI Professional for FX options price discovery, portfolio management and...
Corporate Actions Data Increasing in Complexity and Frequency, Says BNY Mellon’s Cox
The innovation in the market and the high degree of corporate restructuring going on across industries at the moment has meant corporate actions have become more frequent and much more complex, says Matthew Cox, head of securities data management in EMEA for BNY Mellon Asset Servicing. This, in turn, has meant that banks are being...
UBS, HSBC, BNY Mellon and RBS All Engaged in a Degree of Labour and Technology Arbitrage
The upshot of many of the discussions at last week’s reference data conference in London, organised by Marcus Evans, was that many firms are currently engaged in a degree of labour and technology arbitrage. Not only are banks negotiating with their vendors around contracts for data feeds and price points for particular solutions, but they...
RBS is in Process of Re-architecting Data Infrastructure and is Focusing on Golden Sources, Says Bishop
Following its merger with ABN Amro, the Royal Bank of Scotland (RBS) has finally dragged all of its data processes together under one structure, according to Bob Bishop, the bank’s head of client data management. Now the “lift and drop” has been completed, the focus of the data management team is now on re-architecting the...
AIB’s McMorrow Explains Benefits of Teradata Warehouse Implementation and Ongoing Challenges
Allied Irish Bank’s (AIB) enterprise data warehouse project manager Michael McMorrow is a great proponent of Teradata’s functionally neutral and self-managing approach to data storage. The bank rolled out the vendor’s Teradata Warehouse solution a few years ago and is now focused on keeping up with the data management changes required as a result of...
S&P’s Valuations & Risk Strategies Group Launches New Web Portal for Access to Underlying Pricing Data
As indicated by Lou Eccleston, executive managing director of S&P’s Fixed Income Risk Management Services (FIRMS) business, last month, the vendor has extended its transparency initiative by launching a new web-based portal to access its end of day pricing data and terms and conditions data. The launch comes from FIRMS’ new Valuation & Risk Strategies...
SuperDerivatives Appoints Leading Equity Derivatives Specialist
SuperDerivatives, the derivatives benchmark, has appointed Mikael Benguigui to head up its expert equity derivatives sales team. Reporting to global head of sales Russel Levi, Benguigui joins SD as head of equity sales. He will be responsible for promoting SD’s equity system to a global customer base and managing relationships with large equity derivatives desks....
Fed’s Tarullo Pushes For Mandatory Reference Data Reporting and Standardisation
This week, US Federal Reserve governor Daniel Tarullo brought the issue of data standardisation to the attention of the US Senate during his testimony before the Subcommittee on Security and International Trade and Finance, following up on his comments last year about the data challenge related to living wills reforms. He is proposing to establish...
European Regulators Ready to Engage With Data Management Community, Says CESR Tech’s Voipio
As Fed governor Daniel Tarullo’s speech drives forward the data agenda in the US, across the pond, Arja Voipio, senior advisor at the Financial Supervisory Authority in Finland (FIN-FSA) and chair of CESR-Tech, the information technology governance structure of the Committee of European Securities Regulators (CESR), told delegates to Marcus Evans’ reference data conference that...
QuIC Financial Technologies Promotes Wilson to Chief Operating Officer
QuIC Financial Technologies, a provider of risk management, pricing and analytic solutions, today announced the promotion of Stephen Wilson to the position of chief operating officer as part of a series of management moves to enhance QuIC’s capability in executing on it’s long-term growth strategy. “Steve’s in depth experience with QuIC makes him the ideal...