IOSCO Confirms Hedge Funds Will Need to Provide Regulators with 11 New Data Sets in September
Following the publication of the new agreed template for the global collection of hedge fund data by the International Organisation of Securities Commissions’ (IOSCO) Technical Committee in February, the regulator has confirmed that these funds will have to start providing this data to national regulators at the end of September. Aimed at better monitoring risk...
Use of Third Party Providers by Buy Side is on the Increase, Says BNY Mellon Research
As proved by the plans revealed this week by IOSCO, the regulatory community is cracking down on the hedge fund sector and one of the side effects of these increased transparency requirements is that hedge funds are turning to third party providers to help them tackle the new data challenges. Recent research by custodian Bank...
Validata to Offer Test Factory Services for Banking Customers to Hexaware
Hexaware Technologies, a global provider of IT, BPO and consulting services, today announced a partnership with the Validata Group, an application lifecycle management (ALM) solutions vendor for the banking and finance sector. Hexaware’s Quality Assurance and Testing Services (QATS) division will work with Validata Group to deliver Validata SAS Test Factory – a unique quality...
ICAP Expands Global Enterprise Data Distribution via Thomson Reuters to Include Key Japanese Benchmark Data from TOTAN-ICAP
ICAP, interdealer broker today announced the expansion of ICAP’s global enterprise data distribution via Thomson Reuters to include key Japanese benchmark data from TOTAN-ICAP in Japan. This strategic market data initiative will enable Thomson Reuters customers to contract for additional enterprise application usage and internal distribution of TOTAN-ICAP Japan-based data sets including; FX, money market,...
European Commission’s Reding Indicates Data Protection Update is Required, Systems Changes on their Way
The European Commissioner for Justice, Fundamental Rights and Citizenship Viviane Reding is dead set on updating the European Union’s 15 year old Data Protection Directive in order to ensure that it is “stronger and more consistent” across the region. However, the regulation is likely to have a significant impact on data managers and the vendor...
BBVA (Suiza) Optimises the Processing of SIX Telekurs Data with Gain Data Management
Aim Software, a global provider of reference data management solutions to the financial industry, today announced that the private bank BBVA (Suiza) has gone live with the Gain security creation interface for Ambit Apsys from SunGard. The adapter allows the customer to open instruments directly in the banking platform and thus to further optimise the...
Moody’s Experiences Strong First Quarter for Data, Analytics and Risk Business
In line with the relatively strong performance of the data and risk businesses of its peers this year so far, Moody’s indicates that its first quarter global revenue is up by 17% on the previous year’s figures for the period. Moreover, the vendor’s revenue from research, data and analytics increased by 3% from the prior...
Deutsche Bank’s Flatley Named to Replace Wise as CEO of Netik
In a move that underscores the convergence of electronic trading with data management, Netik has named Rob Flatley, until February global head of Autobahn Equity at Deutsche Bank, as its new chief executive officer. Flatley takes over from John Wise, founding CEO, who returned to the company in 2002 after a period pursuing other interests....
Thomson Reuters Targets Mutual Fund Community with Global End of Day Equity Pricing Solution
Thomson Reuters today announced two major enhancements to its pricing and reference data platform. DataScope Select will now deliver validated end of day prices within 30 minutes of market close and the introduction of a universal close price field. This is beneficial to US Mutual fund managers and administrators, as they will now be able...
Northern Trust Providing More Data for Fair Value, Adds New IFRS Valuation Toolkit
Custodian bank Northern Trust has been ramping up its efforts over the last 12 months to improve transparency for its end clients around fair valuation measurement, says Judson Baker, derivatives product manager at the bank. To this end, this week it has launched a new IFRS Valuation Toolkit aimed at providing a broad range of...