DSTi to Focus Attention on Middle Office Data for Derivatives in 2009
Following the appointment of Tom Abraham as CEO last year, investment management solution vendor DST International (DSTi) has refocused its attention on the area of the middle office within asset management firms. Steve Cheng, head of solution, Investment Control at DSTi, explains to Reference Data Review the details of the vendor’s recent research and its...
Netik Packages Information Portal for Money Managers and Investor Services Firms
Netik has packaged its Netik Information Portal to create pre-configured reports and queries in a hosted environment as a service for money managers and investor services firms. The vendor indicates that it has leveraged the intellectual property of its core offering, Netik InterView, to create this fully managed service. Netik’s solution aims to provide transparency...
Valuation Service Provider Prime Source Selects Asset Control’s AC Plus for Data Management
NYSE Euronext’s valuations service subsidiary, Prime Source, has selected Asset Control’s AC Plus financial and reference data management software to support the data requirements of its independent valuations business. Marie-Helene Cretu, CEO of Prime Source, explains that it has implemented the software to cope with increasing customer demands for new markets, geographies and instruments, all...
SmartCo Opens US Subsidiary to Support North American Growth Plans
Master data management software provider SmartCo has opened a new subsidiary headquartered in Boston to expand its business development and support capabilities for North American customers. The French headquartered vendor says it has had some commercial success in Canada and is now looking to the US for growth opportunities. SmartCo claims it has seen revenue...
Aberdeen Asset Management Picks Cadis EDM as Global Data Hub
Aberdeen Asset Management has implemented the Cadis EDM Suite from enterprise data management (EDM) system provider Cadis. The fund manager hopes that the solution will grant it greater operational control over its data by improving operational efficiency and reducing costs. Aberdeen indicates that it selected Cadis after a rigorous selection process due to the solution’s...
The Quest for Meaning in Financial Systems
By Mike Bennett, director of Hypercube We are all of us wiser than we were earlier in the year. The credit crisis, at its heart, is a crisis of knowledge: if we knew the right things at the right time, it seems that fund managers might have made different decisions, regulators could regulated and so...
Euroclear Agrees to Buy Xtrakter Off ICMA as Part of Drive to Broaden Trade Matching Service Offering
Originally appeared in MiFID Monitor Euroclear has continued on the acquisition trail this month by signing an agreement with the International Capital Market Association (ICMA) whereby Euroclear will acquire 100% of Xtrakter, the ICMA subsidiary, for an undisclosed cash amount. Ignace Combes, deputy CEO of Euroclear, explains that the acquisition is part of the firm’s...
FIMA 08: Make Reference Data Relevant To Front Office With Clear Metrics
Given the current financial crisis it was unsurprising that this year’s FIMA conference – held in London on 11 to 13 November – was focused on surviving the current financial crisis by employing better data management strategies. Although numbers were down and a number of familiar faces, such as Citi’s John Bottega, were absent, the...
Pendo Systems and Data Agent Partner for Data Management Offering
Investment accounting solutions vendor Pendo Systems has formed an exclusive strategic alliance with buy side data management solution vendor Data Agent to deliver an integrated solution aimed at streamlining data management for financial services firms. The two firms are attempting to provide customers with a multi-dimensional platform on which to manage their investment data. The...
Brazilian Hedge Fund Paineiras Investimentos Picks Xenomorph’s TimeScape
Brazil-based hedge fund Paineiras Investimentos has selected Xenomorph’s TimeScape data and analytics management system to replace its current Excel-based solution for data management and validation, risk management and back testing. The hedge fund hopes the system will significantly accelerate its trading and risk management processes, according to partner and trader in the firm Andre Portilho....