Thomson Reuters, Interactive Data 2009 Results Give Cause for Optimism in 2010
The market and reference data industry’s two largest publicly listed players – Interactive Data and Thomson Reuters – posted 2009 results last week whose resilience gave some cause for optimism. While neither set the world on fire, neither was expected to, given the ongoing weakness in the overall market, whose ‘recovery’ continues to be muted...
Interactive Data Achieves Full-Year 2009 Targets for Revenue, Income from Operations and Net Income
Interactive Data Corporation today reported its financial results for the fourth quarter and full year ended December 31, 2009. Interactive Data’s fourth-quarter 2009 revenue of $194.1 million was unchanged from the fourth quarter of 2008. Income from operations in the fourth quarter of 2009 was $50.4 million, an 11.7% decrease from $57.1 million in the...
Does the Industry Want or Need a New Data Standards Body or Data Tsar?
Last week’s reference data conference in London threw up a few interesting ideas with regards to leading the charge for reference data standardisation in the market, not least of which was the creation of a new standards focused body. In addition to a senior level data representative on the board of every financial institution, speakers...
UniCredit Develops Data Esperanto to Map End User Data Sets Across Group
Italian banking group UniCredit is currently focused on extending the coverage of its data warehouse, which was rolled out in 2004, beyond accounting and regulatory reporting related data items to other reference data items, says Alberto Ricciotti, head of group pricing at the bank. A key success factor in this process has been in the...
Standard Bank Establishes Data Governance Board, Puts Data Management on Agenda
South Africa’s Standard Bank is at the start of its data management journey and has recently set up a data governance board to focus on the pertinent issues, according to Andy Simpson, head of international reference data at the bank. The reference data management function is now part of the bank’s operations team and although...
UBS Using Front Office Technology to Deal With Reference Data Processing, Says Berry
In a move that confirms that the worlds of the front office and the back office are moving ever closer, UBS’ executive in charge of market data sourcing and strategy, David Berry has indicated that the bank is using Celoxica’s hardware appliance-based data feed handlers to process its market and reference data. The rationale behind...
HSBC’s One Reference Data Project Now Tracking Overall Instrument Data Usage, Says Pujol
HSBC has been working on its group reference data management integration programme, dubbed One HSBC, for some time now and the work has resulted in the consolidated data management being able to track data usage, says Dominique Pujol, senior project manager in the EDM team. The bank has moved a large part of its reference...
Cadis Launches Centre for Excellence Certification Programme
The data management space is littered with failed implementations and long consultancy projects. Cadis has launched a centre for excellence, which enables clients to effectively self-install Cadis implementations. While Cadis implementations are already typically achieved in under 12 weeks, the new programme will build on users’ competency levels, decrease project risk and reduce costs. “We...
CetrelSecurities and Aim Software Extend Partnership to Delivery of Cleansed Reference Data
Last year, data management solution provider Aim Software signed a partnership with Luxembourg-based, application service provider (ASP) specialist CetrelSecurities, which the vendors have now extended to the provision of cleansed reference data. The vendors are now working together to provide the Luxembourg market with an ASP platform based on the Gain data management platform, says...
BNY Mellon’s Richmond Talks up Recent Investment in Valuations Capabilities and Importance of Data Centralisation
BNY Mellon Asset Servicing has invested in its client and regulatory reporting systems as a result of valuation and regulatory changes such as FAS 157 and FAS 132R-1, explains Chris Richmond, managing director of global product accounting for the fund administrator, to Reference Data Review. This has involved a significant investment in automating the upload of...