Strate Completes Corporate Actions Automation Project for South African Market with TCS
Four years ago, South African central securities depository (CSD) Strate launched its project to automate its equity corporate actions processing and, a year later, in September 2008 it engaged the services of Tata Consultancy Services (TCS) to develop the new system. Following a period of development and testing, the system has now gone live and...
Video: Virginie O’Shea Talks to Swift’s UK, Ireland and Nordics MD Arun Aggarwal
Contextualising Swift’s 2015 Strategy: Arun Aggarwal, managing director of UK, Ireland and the Nordics for Swift, discusses the network operator’s new five year plan for the securities market and how the Bank Identifier Code (BIC), standards and corporate actions feature. Video of 13766090
NAB’s Asset Servicing and DST Global Solutions Jointly Innovate HiPortfolio to Manage Taxation More Effectively for Clients
Australia’s leading custodian, NAB Asset Servicing, a division of National Australia Bank (NAB), has successfully implemented DST Global Solutions Investment Management Solutions’ (IMS) HiPortfolio propagation functionality for Tax and Accounting. Jointly developed by NAB and DST Global Solutions IMS, the new administration enhancement will be used at a legal entity level for one of NAB’s...
New Data Quality Standards on the Table in CESR’s MiFID Technical Advice to the Commission
Following the feedback received during the recent consultation period, the Committee of European Securities Regulators (CESR) has finally produced its technical advice for the European Commission regarding the establishment of a sequel to MiFID. As well as the expected proposals for a European consolidated tape, the papers also include a number of recommendations related to...
Fiserv Selects Omgeo ProtoColl as Collateral Management Solution
Fiserv, a provider of financial services technology solutions, today announced that it will utilise Omgeo ProtoColl as its dynamic collateral management solution. Using Omgeo ProtoColl, new and existing Fiserv customers on the TradeFlow platform will be able to automate their collateral management process, handle numerous asset classes and increase visibility into credit exposure to mitigate...
Rana Joins XSP as Senior Business Analyst for EMEA in London
XSP announced today the appointment of Harry Rana as senior business analyst for EMEA. Rana will be responsible for supporting the expanding EMEA sales programme and client base for the XSP Corporate Actions software platform in a pre-sales and business analyst capacity. Based in London, Rana will report to Neil Sheppard, managing director and chief...
Silver Lake and Warburg Pincus Complete Interactive Data Acquisition, Watch This Space for Strategic Restructuring…
Following three months of crossing Ts and dotting Is, private equity firms Silver Lake and Warburg Pincus have finally completed their acquisition of data vendor Interactive Data. As per the terms agreed back in May and within the third quarter deadline that was set, the vendor’s stock will cease to be traded on NYSE and...
CGS’ Purcell Explains Why the DTCC Tie up Could be Beneficial for Cabre and Elaborates on Recent Progress
Since the announcement of the launch of their entity identifier joint venture back in February, Cusip Global Services and Avox have been steadily working on increasing the coverage of their Cusip Avox Business Reference Entity identifier (Cabre) codes. According to Darren Purcell, European director for CGS, the vendors currently have in the range 300,000 such...
CFTC Calls for Industry Feedback on Data Repositories and Standards for Swaps
As part of its endeavour to improve transparency within the swaps market and in a follow up to the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the US Commodity Futures Trading Commission (CFTC) is asking firms to provide feedback on 30 areas of change including the regulatory proposals related to swap...
Principia Deploys Web Platform for Independent Valuation and Risk Surveillance of Investments and Derivatives
Principia Partners, a provider of software for the management and administration of structured finance investments today launched a software as a service (SaaS) version of Principia SFP. The valuation, investment analysis and risk surveillance platform is now accessible as an integrated web-based service to manage vanilla and structured derivatives, as well fixed income and structured...