Swift on Course for Cost Cutting, Corporate Actions is Big Focus This Year
The first day of Swift’s Sibos conference included a press conference during which CEO Lazaro Campos elaborated on the cooperative’s plans to drastically cut its cost base and the opening plenary, which included many references to Swift’s recent successes in the corporate actions space. Delegates to the event in Hong Kong therefore got the lowdown...
Fiserv Breaks Corporate Actions Silence with Upgrade to eVent Solution
After a fairly quiet year so far from the Fiserv corporate actions team, Sibos saw the launch of a newly enhanced version of its eVent corporate actions automation solution. The upgrade is aimed at improving the flexibility of election and instruction processing and the notifications process with more customisable options, explains Geoff Harries, vice president...
EDI Adds Dividend Data to FinDataPortal, But Who is Using the Service?
Following its launch last year, FinDataPortal (FDP) has added Exchange Data International’s (EDI) worldwide dividend data to its solution offering. EDI’s data feed will allow FDP to provide its users with in-depth coverage of cash and stock dividends across approximately 110 countries, says Jonathan Bloch, CEO and founder of EDI. The company, which was launched...
Omgeo CTM Best Practices Released to Provide Guidance for New Broker-Dealer Workflows
Omgeo has introduced a best practices document geared toward investment managers and broker-dealers to highlight the most effective ways for the two counterparties to interact with each other when matching trades via Omgeo Central Trade Manager (Omgeo CTM). Until recently, sell side clients wishing to leverage automated trade processing for cross border and non-US trades...
Numerix to Provide Lehman Brothers Holdings with Valuations for its Outstanding Derivatives Contracts
Over a year after the collapse of the investment bank, Lehman Brothers Holdings (LBHI) has selected Numerix to provide it with independent real-time valuations for its one million outstanding derivatives contracts. According to the valuations vendor, the deal is one of largest and most comprehensive valuations projects of its kind to date. Steven O’Hanlon, president...
XSP Partners with Decillion Group to Provide XSP v5 Corporate Actions Platform as a Service Solution for Asia Pacific
XSP has partnered with Decillion Group, a banking software solutions provider, to provide a service-based offering of the XSP v5 Corporate Actions platform to the Asian and Australian markets. Through this agreement, Decillion Group will market and support the XSP v5 software in a software as a service (SaaS) environment to help clients in the...
XSP Increases Performance in XSP v5 Corporate Actions Platform by Up to 8,500%
XSP, a leading global provider of Corporate Actions software, announced today new benchmark performance figures for its already-powerful XSP v5 Corporate Actions platform with gains as high as 8,500% in its Data Management & Scrubbing module; over 2,500% in its Notifications component and a 3,200% increase in processing lottery events. These statistics further demonstrate the...
Interactive Data Teams up with Pluris to Provide Daily Independent Valuations for Municipal Auction Rate Securities
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business now offers clients daily valuations for Municipal Auction Rate Securities (ARS) including Student Loan Auction Rate Securities (SLARS), from Pluris Valuation Advisors LLC, a provider of market-based valuations of illiquid securities. “Interactive...
SmartStream Launches New Version of TLM Corporate Actions, Adds Solution to Common Platform
Back office processing solution vendor SmartStream Technologies has upgraded its Transaction Lifecycle Management (TLM) Corporate Actions solution in order to realise cost savings and efficiencies by bringing it onto a common platform with the rest of its offerings. Paul Phillips, business development consultant at the vendor, explains to Reference Data Review that the upgrade has...
DTCC, SWIFT and XBRL US Launch U.S. Stakeholder Group as Part of Issuer to Investor: Corporate Actions Initiative
The Depository Trust & Clearing Corporation (DTCC), SWIFT and XBRL US announced today the creation of a Stakeholder Group as a part of its Issuer to Investor: Corporate Actions initiative, which was launched in May 2009, to improve the processing of corporate actions data in the U.S. Composed of key players from the industry, the...