Macquarie Wrap Launches Online Election Service for Corporate Actions
Australian bank Macquarie’s investment platform business, Macquarie Wrap, has launched a new online election service for corporate actions. The aim of the new service is to expedite the processing of corporate actions for listed equities and improve the efficiency of advisers and their support staff, says Doug Chang, head of product for Macquarie Wrap. The...
NIF Off to a Slow Start with Only 44 Signatures: Is the US Convinced it’s the Answer to Reference Data Standardisation?
As the industry discussions continue around the European Central Bank’s proposed reference data utility, across the pond another similar campaign is attempting to drum up support for its own data standardisation initiative. The Committee to Establish the National Institute of Finance is canvassing for industry participants to sign its petition to launch (you’ve guessed it)...
HSBC Poaches JPMorgan’s Data Guru Serenita for Global Entity Services Role
Long-time data services stalwart and JPMorgan veteran, Peter Serenita has finally jumped ship to take up a new role at HSBC. After 28 years of loyal service at JPMorgan, Serenita has been poached by HSBC to take on the role of managing director and global head of Entity Services for its Global Banking and Global...
Myners’ Voting Rights Proposals Could Pose Significant Data Challenges
The UK’s Financial Services Secretary Paul Myners’ proposals to establish a two tier shareholder register could add another layer of data complexity for financial institutions operating in the market. The proposals are aimed at ensuring longstanding institutional investors receive greater voting clout than short term investors and preventing the increase in what Myners calls “ownerless...
StatPro Confirms 19% Increase In Revenue for First Half of Year, Adds Ex-Interactive Data CEO Clark to Non-Exec Board
Portfolio analytics and data solution vendor StatPro has experienced a positive start to 2009, with the posting of a 19% increase in revenue on last year’s figures for the first half of the year. At a time when so many other vendors are struggling, it seems that strong renewals and new sales have buoyed the...
DocGenix Implements MarkLogic Server for XML Content Delivery
DocGenix, a supplier of legal risk management, has implemented MarkLogic Server as the delivery mechanism for XML content generated by its inSight service. Mark Logic Corporation is a provider of software for information centric applications. The DocGenix inSight service utilises proprietary legal data sequencing technology to translate and represent as XML the complex legal, credit,...
Interactive Data Enhances Cost Basis Service for Multiple Tax Lots
Interactive Data’s Pricing and Reference Data business has enhanced the capabilities of its web-based Cost Basis service. This service is designed to help automate the calculation and delivery of cost basis information and enable firms to more effectively monitor their customers’ securities cost basis over time. Interactive Data has broadened the capabilities of the service...
ICE Clear Gets a Good Start Off the Blocks, Eurex Expects to Build Momentum
Last week saw the launch of the first two contenders in the credit default swap (CDS) clearing counterparty (CCP) race: IntercontinentalExchange’s (ICE) ICE Clear Europe and Eurex’s Eurex Credit Clear. According ICE’s figures, its first week of operation has been a busy one, clearing €5.9 billion (US$8.4 billion) in CDS indexes since its launch on...
Quantifi Releases Version 9.2 to Support Evolving Global Credit Markets
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has announced the release of Version 9.2 (V9.2) of the firm’s pricing, hedging and risk analysis software. Quantifi has released V9.2 as part of its ongoing commitment to keep customers up to date with the market’s rapidly changing regulatory and operational...
US Department of Justice Scrutinises Markit’s CDS Activities
Regulatory scrutiny of the derivatives market is at an all time high following the financial crisis and the desire of the regulatory community to be seen to be taking the issues raised by the crisis in hand. Most recently up for investigation is data provider Markit Group, which is currently under investigation by the US...