Telekurs Adds FSL Historical Global Corporate Actions
Telekurs has added corporate actions data covering the European and Australasian markets, sourced from Financial Software Ltd.’s (FSL) capital gains tax solution, CGix. CGix, currently used by more than 50 U.K. financial institutions, will be delivered via the Telekurs iD platform.
LSE Information Services Revenues Rise 6%; SMF Licenses Total 1,000
Information Services provided a bright spot in the London Stock Exchange results for the six months ended September 30. Information services’ revenue rose 6% to £45.1 million, contributing 33% of total turnover. The exchange’s new SEDOL Masterfile service, which provides unique identification for securities on a global basis, has now more than 1,000 licenses sold....
UMB Bank Subscribes to Xcitek for Securities Class Actions
UMB Bank has selected Xcitek’s new Class Actions (XCA) service to address the issue of identifying, tracking and responding to securities class actions. The bank already subscribed to other Xcitek products, including Corporate Actions, Cost Basis and XSP. XCA, launched in July, is a daily updated web-based service allowing users to match current or past...
Cicada Profiler, CounterpartyLink Target KYC, Patriot, AML Clients
Cicada Cos. has added new functionality within its Reference Data Management Suite to help companies comply with the due diligence requirements of upcoming regulations including the U.K. Financial Services Authority’s ‘Know Your Customer’ framework and the U.S. Patriot Act. The company is also the first adopter of a recently upgraded version of sister company CouterpartyLink’s...
FT Interactive Data’s FTS Service is Now Available to Icon Customers
FT Interactive Data’s FTS service, which provides prices, evaluations, FX rates and indices data, is now available to users of Icon, Linedata Services’ back-office fund management and administration solution, through Icon’s Data Integration Platform (DIP). FTS is the first interface available under Icon’s Accredited Data Vendor Partner Programme launched earlier this year. Icon is planning...
Two New Corporate Bond Indices Launched to Increase Transparency
The National Association of Securities Dealer (NASD) and Bloomberg are jointly launching two new corporate bond indices: the NASD-Bloomberg Active Investment Grade U.S. Corporate Bond Index and the NASD-Bloomberg Active High Yield U.S. Corporate Bond Index. Both are generated solely from transactions prices of actively traded bonds as opposed to quotes or estimated prices. Index...
Mondas Add Real-Time Updates And Web Access to Radica CAPS
Mondas has released Version 4 of its Radica CAPS corporate actions platform. The new version provides a common platform for retail and institutional clients with web-enabled modules and an integral message broking toolkit called Prism. Radica CAPS 4 users will also have access to real-time updates from event feeds, Swift and position data via the...
Markit RED Reaches 100 Customers Amid Flurry of Activity
Markit, a provider of pricing and valuations, has signed the 100th customer to its Reference Entity Database (RED), which provides reference entity and reference obligation identifiers for the credit default swaps market. The service, launched two years ago, has been actively adding clients and forming alliances with others vendors. Most recently Xenomorph (Reference Data Review,...
Xcitek Goes Live with First Cost Basis Client
Xcitek’s Cost Basis is now live at its first client site, an undisclosed online brokerage headquartered in San Francisco (erm, Charles Schwab, maybe?). The service, accessed through a secured session on the broker’s website, allows clients to calculate the cost basis of equity positions back to the original trade date. First introduced in 2004, Cost...
A-Team Group/Reuters Survey: Bond Evaluations Gaining Value?
Placing a value on portfolios of fixed-income securities has always been a tricky business. Because of the securities’ complexity and, often, illiquidity, managers have a hard time sourcing reliable pricing. The U.S. has relied on evaluated pricing services for the past 20 years or so. Finally, it seems, Europe is beginning to follow suit. A-Team...