Telekurs (USA) Integrates TB II Corporate Actions Into N-Tier Securities
Telekurs (USA) has entered a strategic alliance with N-Tier Securities to integrate Telekurs’ TB II corporate actions flat-file feed into N-Tier Securities’ corporate actions and STP software solutions. The joint solution has been tested and deployed by a New York-based broker/dealer and custodian. N-Tier is planning to extend its interface to Telekurs’ full compliment of...
Asset Control Interfaces to Swiftnet
Asset Control last month introduced Swiftnet functionality to its data management services. The functionality will enable Swiftnet users to aggregate data, such as corporate actions and vendor-provided market data delivered over that network into the AC Plus survey, alongside other data sources, in both industry standard and proprietary formats. It will also simplifies the process...
Cusips Adopted as Numbering Scheme In New Syndicated Loan Service
The Loan Syndications and Trading Association (LSTA) has teamed up with Standard & Poor’s to launch a new service that provides Cusip and Cusip-based ISIN numbers along with core descriptive data for syndicated loan deals and facilities. Currently the syndicated loan market uses different IDs to represent in the same credit in proprietary systems used...
XSP Signs Up First European Hedge Fund Polygon; Licenses to BB&T
XcitekSolutionsPlus has signed up its first hedge fund client in Europe as Polygon Investment Partners licenses the XSP software system for corporate actions processing. The global hedge fund advisor will interface XSP’s service across its London and New York offices through its already-installed FundManager portfolio management system from Beauchamp Financial Technology. Says Manuel Guerrero, head...
CB.Net Enters Raft of Partnerships With Omicronn, ACE, Azdex, iMeta
CB.Net has entered partnerships with a number of software providers in the past month including Omicronn, ACE Software Solutions, Azdex and iMeta Technologies. Omicronn will be integrating CB.Net’s international payments directory service BankSearchPlus into its Trax STP Enrichment Software for use within its corporate and banking clients. ACE Software Solutions will be integrating the data...
Hedge Fund Advisor Polygon Licenses XSP for Corporate Actions
U.K.-based hedge fund advisor Polygon Investment Partners has licensed the XcitekSolutionsPlus’s XSP corporate actions processing platform. Polygon plans to interface XSP with the FundManager portfolio management system from Beauchamp Financial Technology. The global hedge fund is seeking to streamline its corporate actions process for optimal operational efficiency across its London and New York offices. According...
Telekurs (USA) Teams with XcitekSolutionsPlus to Offer ISO 15022 Data
Telekurs (USA) Inc. and XcitekSolutionsPlus have extended their five-year relationship through the integration of the Telekurs Valordata Feed (VDF) service through the XSP corporate actions platform. While Telekurs-provided corporate actions data has long been available via XSP, the new deal means that ISO 15022-formatted messages will be offered to users of the platform for the...
Distribution Spat Between FTSE, Barra Remains Unsolved
While risk data and technology firm Barra has instructed clients that it will discontinue distribution of data from index firm FTSE Group from the end of next month, FTSE says that no such decision had been communicated to them. It appears that discussions have been ongoing between the two parties, but FTSE insists that no...
Vermeg Secures SEI Investments For Corporate Actions System
Corporate actions processing firm Vermeg has secured a new client in the form of wealth services provider SEI Investments. SEI is in the process of implementing Vermeg’s Megacor system to provide the corporate actions module within its own Global Wealth Management Platform aimed at private clients. While being touted as the first U.S. deal for...
S&P Becomes Preferred Data Supplier To GIS’s Fund Accounting Software
Standard & Poor’s has secured a deal as the preferred data provider for Global Investment Systems’ MFACT fund accounting and administration system aimed at the mutual fund processing market. This is an expansion of an existing deal which adds S&P’s taxable corporate bond pricing for all asset types, including mortgage-backed securities CMO’s and asset backed...