Talking Reference Data With Andrew Delaney: Markit Set to Join Corporate Actions Fray as It Ponders DTCC’s GCA VS
At the risk of sounding like the proverbial Boy Who Cried Wolf, it now seems that Markit is at due diligence phase in its attempt to acquire the DTCC’s Global Corporate Actions Validation Service (GCA VS). You’ll recall that just a few weeks ago Markit abandoned its interest in EDM stalwart Asset Control, ostensibly having...
TriOptima Partners Global Valuation Ltd. to Power triQuantify Counterparty Risk Analytics Service
TriOptima is planning a pilot programme for a counterparty credit risk analytics service for OTC derivatives called triQuantify. The solution is based on principles of massively parallel computing and is expected to be widely available later this year. TriOptima, a specialist in OTC derivatives post-trade risk management services owned by interdealer broker Icap, has licensed...
Talking Reference Data with Andrew Delaney: The Great LEI Road Show Comes To Town
Right on cue, the Office of Financial Research (OFR) this week released a set of frequently asked questions (FAQs), to help practitioners get their heads around the new legal entity identifier (LEI) ahead of its launch next month. The FAQs help set the scene for the long-awaited introduction of this crucial data standard, and it’s...
SIX Financial Information Extends Evaluated Pricing Capacity
SIX Financial Information has set up an evaluated pricing valuation team in Frankfurt with a view to expanding its coverage of European assets and improving support for European clients. The team has four staff, with a fifth due to join shortly, and adds to existing teams of evaluators in Denmark and Stamford, Connecticut. According to...
Jyske Bank Selects SmartStream Corporate Actions Solution in Back-Office Refit
Denmark’s Jyske Bank has gone live with SmartStream’s TLM Corporate Actions solution after a back-office technology refit that exchanged legacy systems with back-office platforms from Danish IT solutions provider Bankdata. The bank, the second largest independent bank in Denmark, went into production with the Bankdata and SmartStream systems in October 2012. It reviewed other corporate...
Markit Partners with Selerity to Enhance Dividend Services
Markit has teamed up with real-time event data specialist Selerity to automate production of its Markit Dividend product and deliver dividend announcements on an intraday rather than end-of-day basis. By integrating Selerity’s US dividend event data into Markit Dividend, Markit will not only be able to generate automated intraday alerts for equity option traders on...
LEI Regulatory Oversight Committee Names Leadership and Reprieves PSPG
The formation of a global legal entity identifier (LEI) system took a large step forward late last week when the first meeting of the Regulatory Oversight Committee (ROC) took place in Toronto, taking over leadership and direction of the LEI initiative from the Financial Stability Board (FSB) and naming its leadership team. The meeting was...
Clearwater Analytics Selects S&P Capital IQ Pricing and Reference Data
Clearwater Analytics has selected integrated fixed income evaluated pricing and terms and conditions data from S&P Capital IQ to support the web-based global investment accounting and reporting platform it operates for corporate treasuries, insurance companies, asset managers and custody banks. The companies started to discuss working together a couple of years ago after S&P Capital...
Element22 Proposes Open Source Data Models for LEI and More
Data management specialist element 22 has set in motion an open source project designed to develop a conceptual data model for the financial services industry that could lead to standard data schemas and help firms avoid reinvention of data models when addressing new system builds. The so-called ?mod (fimod) Open Source Project is a response...
Rimes Sets Out Bloomberg Open Symbology Adoption Plan
Rimes has joined the growing group of data service providers offering Bloomberg Open Symbology (BSYM) to help clients streamline workflow and reduce operational risk. The company has gone live with Bloomberg’s global security identifier (BBGID) on the Rimes Benchmark Data Service and is initially providing cover across the 100-plus equity data sources it offers. Later...