Reuters Trumpets Early Signings For Asian Evaluations Service
Reuters reports strong levels of interest in its recently launched Asian fixed-income evaluated pricing service, and says it has already signed up users. The service covers six currencies – the Australian dollar, the Hong Kong dollar, the Japanese yen, the new Taiwan dollar, the New Zealand dollar and the Singapore dollar – and some 20,000...
IT Spend in Derivatives to Soar; Pricing and Analytics a Key Driver
It will come as no surprise to learn that Wall Street made more money from derivatives products and structured instruments in the first quarter of 2006 than ever before. Into the growing hype about derivatives wades TowerGroup this month, with a raft of reports on the subject, including predictions of annual growth rate in derivatives...
Swift to Build Hosted Reference Data Repository, Explore SSIs and Extend BIC to Hedge Funds
Swift is developing a hosted reference data repository to be available on Swiftnet. As part of its 2010 strategy, the co-operative has identified reference data as an important “adjacency” to its primary business lines, an activity on which it should focus to support the ongoing improvement of the quality of messages carried on its network....
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...
ADP Securities Database Tops 8 Million Instruments
The securities master database ADP Brokerage Services maintains and provides to users of its bureau based Global Processing Solution now contains more than 8 million securities. While 14 GPS clients take advantage of the service ADP also provides it to two non-GPS clients, and has recently secured a contract for its provision to a non-bureau...
Reuters Says Detail Will Differentiate Counterparty Service
The counterparty data service under development at Reuters will be differentiated from others in the market by its scope, the level of detail of its information and its ease of integration, according to the vendor. As exclusively reported in Reference Data Review last month, Reuters is currently building the service in conjunction with a third...
CB.Net Adds Routing BICs to Directory to Aid SEPA Compliance
CB.Net is adding Swift-enabled routing BICs to its international payments directory BankSearchPlus, part of the CB.Net Payments Reference Data Service. The new capability, supported by the addition of an extra field to allow the identification of the routing BIC, is available as part of a standard upgrade to users of the vendor’s web-based service and...
Chasen Purchase Bolsters Markit’s Pricing Models
Aiming to reinforce its structured finance services, Markit Group, provider of pricing, reference data and portfolio valuations, has acquired Peekskill NY-based Chasen Enterprises. Chasen provides modelling of structured securities, notably agency and non-agency collateralized mortgage obligations (CMOs) and asset-backed securities (ABSs). The company, founded in 1989, has modelled more than 18,000 CMO and ABS structures...
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...