Sharefunds Appoints ValueLink for Price Validation and Corporate Actions
ValueLink Information Services, the supplier of validated financial data solutions, has announced a major new client win. Following a comprehensive period of analysis, Sharefunds Limited, (part of the Share plc group) selected ValueLink’s Price Validation and Corporate Actions service for their mid-day valuations. ValueLink provides Sharefunds with global pricing data across all instrument types. They...
TFG Fund Services’ Toyer Elaborates on its Implementation of Xtrakter’s XREF; Jinks Discusses Xtrakter’s Ambitions
TFG Fund Services implementation of Xtrakter’s XREF service is all part of its strategy to concentrate on its core risk management and valuations business rather than be bogged down with in-house data sourcing and scrubbing, says Martin Toyer, CEO of the fund services firm. Previously, the firm had to dedicate in-house resources to source and...
Omgeo ALERT Furthers Market Leadership with More Than 500,000 Funds Represented Globally
Omgeo, the global standard for post-trade efficiency, today announced that Omgeo ALERT, the world’s largest and most compliant web-based global database for the maintenance and communication of standing settlement and account instructions (SSI), has experienced unprecedented client growth going into 2011 with over 1,700 clients globally. As a result of continued market turbulence and regulatory...
UBS’ Berry Sounds Call for an End to Vendor Identifier Complexity via Regulation, Again
In keeping with his work for the Information Providers User Group (IPUG), David Berry, executive in charge of market data sourcing and strategy at UBS, called for an end to vendor complexity by eliminating the use of proprietary instrument identifiers. “Vendors introduce complexity into the market by attempting to differentiate themselves on the basis of...
AIM Global Reference Data and Risk Management Survey 2010: Efficient Management of Corporate Actions is Gaining Importance
AIM Software, a provider of centralised reference data management software to the financial industry, has announced the results of its Global Reference Data and Risk Management Survey conducted for the seventh consecutive year. The study was designed to inquire into the driving forces, challenges and planned investments for reference data automation. This year’s survey was...
Manual Processes Persist in Data Management for Nearly Half of Aim Software’s Survey Respondents
Nearly half (at 48%) of the respondents to Aim Software’s seventh annual reference data survey still use terminals for data look-up and manual processing, in spite of the leaps and bounds made in the development of sophisticated data management technology over the last few years. The survey, which was co-sponsored by SIX Telekurs, conducted between...
Markit Document Exchange’s Davenport Departs for Pastures Unknown
Following three years at the helm of Markit Document Exchange, Penny Davenport has opted to head for pastures new. As managing director and head of Markit’s documentation library since its launch back in 2008, Davenport has helped the document platform to gain critical mass and extend its reach to other areas such as reference data...
ISITC US Confirms ISO 20022 Feedback and Corporate Actions Messaging High on the Agenda for 2011
The US arm of the International Securities Association for Institutional Trade Communication (ISITC) has decided upon a list of standardisation related items for its agenda in 2011, including responding to a list of feedback requests by ISO for various message types. Reflective of its work in the standards arena as part of the investment roadmap,...
Oppenheimer & Co Inc Goes Live with Broadridge’s Global Proxy Services
Broadridge Financial Solutions today announced that Oppenheimer & Co Inc has signed a new multi-year agreement and commenced live operations with Broadridge’s Global Proxy services to support its clients’ international assets in over 70 markets. The new agreement enables Oppenheimer’s institutional and branch clients to receive and vote proxy notifications for international securities through Broadridge’s...
SIX Telekurs’ Newbury Highlights Potential Clash Between MiFID Best Ex and IFRS for the Valuations Sector
The valuations business is facing an unprecedented amount of change as a result of the barrage of regulatory requirements coming down the pipe and some rule changes could potentially conflict with each other, thus causing serious challenges for those caught in the compliance trap. One such potential clash is between the revised best execution requirements...