LakeFront Data Consulting and ReferenceDataFactory to Demerge to Avoid Confusion
Despite its announcement in May last year that it would be merging with data integration vendor ReferenceDataFactory (RDF), data management consultancy LakeFront Data Consulting has indicated that both firms will instead remain as separate entities. Dale Richards, who was previously president and CEO of the merged company and is now taking a back seat, explains...
No ‘One Size Fits All’ Maturity Level for Data Management Projects, Says LakeFrontData
There is no ‘one size fits all’ maturity level for data management projects and firms must consider factors including size, focus, core expertise, business requirements and constraints before embarking on such a projects, according to the latest white paper from LakeFrontData. Different capability levels are therefore appropriate for different business requirements and firms must be...
Aite Group Predicts Average IT Budget Cut of 5% for 2009 for US Firms
Originally appeared in MiFID Monitor US financial services firms will experience an average technology budget cut of 5% for 2009, according to a recent report by consulting firm Aite Group. The report, which is based on surveys of 28 senior technology executives at a cross section of US-based capital markets firms, indicates that these firms...
Brandes Investment Partners Implements Cadis EDM Solution
US-based investment management firm Brandes Investment Partners has finished the rollout of the Cadis EDM suite, which it selected with a view to more effectively managing its security, price and currency data. According to the vendor, the rollout was completed over a period of nine weeks. Brandes indicates that it opted for the Cadis solution...
Millennium Management Expands Beyond Valuations to Outsourcing with GlobeOp
Global multi-strategy investment management firm Millennium Management has expanded its agreement with GlobeOp Financial Services beyond its current agreement for valuation, share registry and transfer services to fully outsourced fund administration services. GlobeOp has now become the administrator of record for all three Millennium funds, whereas previously its services were limited to the Millennium International...
Seven Ways to Reduce IT Costs with Master Data Management
By Ravi Shankar, senior director of product marketing at Siperian Information technology managers are facing a dilemma given the current economic climate – despite budget cuts, companies do not expect reductions in the service levels provided by IT to the business. Under such circumstances, how do you maintain or improve service levels, and continue to...
Half of New Business in 2009 Could Come From ASP, Believes Eagle’s Lehner
Although last year witnessed continued growth in a troubled climate, 2009 is another matter, warns Eagle Investment Systems president John Lehner. Increased pressure on growth in the US will put US-based vendors under pressure to expand client reach even further and consolidation may be on the cards in the long term, he speculates. The vendor...
Financial Crisis Has Focused Institutions on Data Quality Initiatives, Says Information Difference
The recent financial crisis will not deter financial institutions from investing in master data management (MDM) and data quality systems, according to a recent survey conducted by consulting firm the Information Difference and sponsored by Trillium Software. The findings of the survey suggest that these initiatives will be of mounting importance to businesses in the...
Maintrust Selects Gain Data Management for Delivery of SIX Telekurs VDF Data
Nomura’s German asset management subsidiary, Maintrust, has gone live on Aim Software’s Gain Data Management platform in order to facilitate the automated delivery of static data from SIX Telekurs Valordata Feed (VDF) into SunGard’s V3. Maintrust indicates it decided to upgrade its data management infrastructure as result of rising compliance requirements and an increase in...
The EDM Council Semantics Repository: A Practical Solution to the Problem of Meaning By Mike Bennett, Director, Hypercube
A common theme at conferences and events in recent months has been data quality management. Coupled with this we have seen an emerging trend whereby data is no longer regarded as a technical activity but as a true business asset, carrying business risks. Many firms are now positioning data management under operations or even directly...