Interactive Data Announces Real-Time Fair Value Information Service
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced the Real-Time Fair Value Information Service. The new service, which will be available in the second quarter of 2011, will provide real-time evaluated prices for more than 15,000 international equities throughout the trading day. These streaming evaluated prices reflect an...
EFAMA’s FPSG Champions Standardisation of Corporate Actions Messaging, Use of ISO Standards for Funds Processing
The European Fund and Asset Management Association’s (EFAMA) Fund Processing Standardisation Group (FPSG) has this month produced a report that charts the progress of standardisation initiatives in the European funds industry, including in the corporate actions space. The association’s working group, which was established in 2007, is positioning itself as a “catalyst for change” by...
SunGard Acquires ValueLink Information Services
SunGard has acquired ValueLink Information Services, a supplier of validated financial data solutions. The acquisition will extend SunGard’s Asset Arena suite of investment management solutions to include robust validation of security pricing and corporate actions data in support of fund valuation and operational reporting processes. The acquisition, the terms of which were not disclosed, is...
Interactive Data Aims to Provide a More Holistic View of Ref Data via its Business Entity Service Update, Says Cumberbatch
Interactive Data’s new web-based portal for its Business Entity Service took several months of development and the aim was to provide users with access to a more holistic and centralised view of the reference data related to a particular issuing entity, asset class, region or industry, explains Bob Cumberbatch, European business lines director for the...
EFAMA’s Updated Framework for Fund Processing Best Practices
EFAMA today published new recommendations to increase efficiency in the processing of fund orders. The report was prepared by EFAMA’s Fund Processing Standardisation Group (FPSG). It consolidates the recommendations that were published in 2005 and updated in 2008, and extends the recommendations in two key areas. Transfers of units between two accounts recorded in the...
Societe Generale Securities Services Mandated by Ethias to Provide Independent Valuations
Societe Generale Securities Services (SGSS) has been mandated by Ethias, a Belgian insurance company, to provide independent valuation services. These services cover a portfolio of complex structured products. SGSS was retained because of its expertise in this area, alongside the quality of its services (database of mathematical models developed in-house, flexibility in valuation frequency, analysis...
Swift Talks up the Cost Saving Benefits of ISO 20022 Adoption, New Concepts
This week’s Swift Standards Forum event in Sydney is part of the network operator’s push to convince the financial services industry at large of the benefits of migration to ISO 20022. Obviously, the securities industry and, more specifically, the corporate actions space represent key opportunities for the ISO messaging standard and Swift has therefore been...
Deloitte Selects SunGard’s FastVal for Independent Valuations for its Audit and Advisory Businesses
Deloitte LLP, a global provider of audit, tax, consulting and financial advisory services, has selected SunGard’s FastVal, an independent valuation service for vanilla and complex over the counter (OTC) derivatives. Deloitte will use FastVal to provide it with an independent valuation service when revaluing its clients’ derivatives portfolios. FastVal’s coverage of vanilla and OTC derivatives...
Interactive Data Launches New Web-Based Portal For its Business Entity Service
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced the launch of a new portal for its Business Entity Service. The flexible web-based portal can help clients of Interactive Data’s Business Entity Service delivered via its FTSSM securities administration tool to analyse and manage the risk from their global...
PolarLake Announce Semantics Based Reference Data Search Capability
Today PolarLake announce the availability of the world’s first Reference Data Specific Enterprise Search capability. Based on the research and development activities of PolarLake this new capability will enable an internet style search capability across any number of reference data sources. The product also enables firms to define their own linkages, meta data and data...