S&P Capital IQ and EDI Join Forces for Global Corporate Actions Service
S&P Capital IQ and Exchange Data International (EDI) have combined their respective North American and global data to deliver a consolidated global dividends and corporate actions service that will support risk management with timely and accurate corporate actions information. The move catapults the companies into competition with Interactive Data, Bloomberg and Thomson Reuters. The global...
Thomson Reuters Returns to the EC with Revised Offer on RICs
Thomson Reuters has returned to the negotiation table at the European Commission with a revised offer on how it will ease licensing policies for Reuters Instrument Codes (RICs). The issue of access to security and other identifiers will be discussed in a panel session at A-Team’s forthcoming Data Management Summit in London on May 22...
Swift Struggles to Stay in the Game as FSB Favours Federated Approach to LEI
The Financial Stability Board (FSB) has veered away from existing plans for the infrastructure that will support legal entity identifiers (LEIs), proposing a federated model for the distribution and registration of LEI numbers rather than a single and central global registration authority. This could be a significant blow to Swift, which was selected last year...
Opinion: 20 Points on the LEI Initiative
By Allan D. Grody, President, Financial InterGroup Holdings 1. There was a rush to pass legislation in the US after the onset of the financial crisis 2. The legislation was written piecemeal as you would expect since the financial industry itself is “piecemeal”, that translates into silos of business and piecemeal/silos of understanding 3. The...
SwiftRef Utility to Include LEI, Reference Data
Interbank messaging organisation Swift is suggesting that its SwiftRef payments reference data utility, which went live in January, will also host legal entity identifier (LEI) reference data when it becomes available later this year, and perhaps securities reference data as well. SwiftRef was conceived to fill a perceived market gap in accurate and up-to-date payments...
US Data Transparency Coalition Focuses on Federal Data in Capital Markets
The US Data Transparency Coalition (DTC) introduced last week to advocate for the standardisation of federal data published online, warns that without significant changes in electronic data creation and management capital markets remain open to a crisis on the scale of the 2008 collapse of Lehman Brothers. If that is a worst case scenario of...
XSP Shifts Corporate Actions Solution into the Cloud to Cut Client Costs
XSP has made its first move into the cloud with a lightweight version of its corporate actions processing solution. Called XSPrisa, the software-as-a-service (SaaS) offering is aimed at Tier 2 and top Tier 3 market participants that feel the company’s enterprise-scale software is beyond their reach. According to Daniel Retzer, chief technology officer at XSP,...
Efama Launches Complaint About S&P ISIN Pricing in Switzerland
The European Fund and Asset Management Association’s (Efama) complaint against Standard & Poor’s practice of making end users of its International Securities Identification Numbers (ISINs) in Switzerland pay a licence charge and fees for the numbers is in the hands of the Swiss competition authority Wettbewerbskommission (Weko). A small scale dispute, perhaps, but one that...
Interactive Data Increases Transparency of Evaluated Pricing to Decrease Risk
Interactive Data has upgraded its Vantage web application for evaluated pricing transparency to Version 2.0. The upgrade offers a significant expansion of instrument coverage, from 125,000 securities in Version 1.0 to 2.8 million in Version 2.0, and improved compliance and risk management through greater transparency of the firm’s evaluated pricing in the fixed income market.
Pricing Partners Meets Demand for Valuation of Proprietary Indexes
Pricing Partners is meeting growing interest in unstructured products with valuation services for proprietary indexes created by banks to support investment in risky and non-risky assets, while making trading rules transparent to investors. The company’s valuation services for proprietary indexes went live last month and it is already working with a handful of Tier 1...