UnaVista Expands Volante Use With FIX and XML Messaging Support
After successful deployment of Volante Designer with SWIFT messaging support, the London Stock Exchange’s UnaVista has added FIX and XML support, Volante Technologies announced today. The implementation will facilitate expansion of the UnaVista matching, reconciliation and data integration engine into new business areas, including linking UnaVista to the Exchange’s FIX gateway, and supporting the implementation...
SGSS’s Rose Elaborates on Challenge of Determining Fair Valuations
Société Générale Securities Services (SGSS) currently uses 13 data feed providers in order to price an average of 17,000 bonds on a daily basis, according to Olivier Rose, head of international projects data management for the firm. Although 80% of these valuations pose no problems for the securities services provider, 20% fall under the auspices...
Interactive Data Delivers Faster Corporate Actions
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced new enhancements to its global Corporate Actions Service. Interactive Data has introduced new technology and internal workflow to deliver comprehensive global corporate actions and related information throughout the day that can help firms with their trading strategies and more effectively...
Wolters Kluwer Focuses on ADRs, Global Coverage, XBRL and a System Redesign for 2010
Wolters Kluwer Financial Services will be spending a large part of 2010 focused on dealing with the complexities involved in the area of American Depositary Receipts (ADRs), explains Richard Ryndak, senior product manager for Capital Changes at the compliance solution provider. Accommodating changes to withholding tax regimes, work on the XBRL corporate actions project and...
September 2014 is Revised Deadline for T2S; New Directive Poses Potential Threat
As noted by Reference Data Review earlier this year, the launch of the European Central Bank’s (ECB) Target2-Securities (T2S) project has been delayed by at least a year due to a “longer than expected” development phase. Hugh Simpson, senior advisor to the T2S programme from Bourse Consult, told delegates to last week’s Xtrakter user conference that new...
SGX, DTCC Veteran Terry Gibson Joins Fiserv
Fiserv announced today that it has hired Singapore Exchange (SGX) post-trade executive, Terry Gibson, as global head of strategy for Investment Services. In this role, Gibson will lead the international business strategy and product development of the Fiserv institutional and managed account technology portfolio. As senior vice president and head of Product Management at SGX,...
DTCC Significantly Increases Securities Covered by Global Corporate Action Validation Service
The Depository Trust & Clearing Corporation (DTCC) announced today that it has significantly increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS). The GCA VS, a service of DTCC Solutions LLC, provides the largest centralised source of “scrubbed” corporate action announcement information for...
Information Mosaic First to Achieve SwiftReady 2010 Certification for Corporate Actions and Securities Settlement
Information Mosaic, the global provider of post-trade automation solutions, is the first organisation to be awarded SwiftReady 2010 Certification for corporate actions and securities settlement. With the industry fast-moving towards ISO 20022 standards, Information Mosaic has already met the requirements of this year’s SwiftReady certification programme well ahead of the November 2010 deadline. “Information Mosaic’s...
DTCC and Swift Release First Drafts of Corporate Actions Announcement Messages
After a year of collaboration with Swift and XBRL US, the Depository Trust & Clearing Corporation (DTCC) has finally unveiled the first set of drafts of ISO 20022-based corporate action announcement messages, which are part of its corporate actions re-engineering initiative for the US market. According to the vendor, the move away from proprietary message...
Pricing Partners Selected by Société Générale Corporate & Investment Banking to Provide Independent Valuation of its Derivatives
Pricing Partners announced today that its platform Price-it Online has been selected by Société Générale Corporate & Investment Banking to provide independent valuations on their equity, fixed income and credit derivative products. The topic of double valuations on financial derivatives has been of increasing importance in recent times. Eric Benhamou, CEO of Pricing Partners comments:...