DTCC Expects More Comparison Capability From Rebuilt Warehouse
As DTCC prepares to move its Trade Information Warehouse (TIW) for credit derivatives swap management to a distributed ledger technology (DLT) platform, the post-trade clearing and settlement services organization expects the change to enable more comparisons of transaction information, according to Jennifer Peve, executive director, office of fintech strategy at DTCC. “Comparability is certainly helpful....
Tom Dalglish Switches Role to Head HSBC’s Innovation Labs
Tom Dalglish has switched from the role of senior data and integration manger – IT transformation at HSBC to become the bank’s head of technical services – applied innovation. In his new role, Dalglish is responsible for industrialising the bank’s global Innovation Labs and researching and developing emerging technologies such as blockchain, cyber security, financial...
MiFID II Transparency Demands Significant Modifications to Data Management
The data transparency obligations of Markets in Financial Instruments Direct II (MiFID II) are a drastic change from MiFID requirements and call on market participants to make significant modifications to data management, sourcing, publication and distribution. Faced with this level of change, only a handful of firms are completely prepared to meet the transparency requirement....
FIX Trading Community Offers MiFID II Compliance Help
FIX Trading Community, the non-profit industry standards organisation that promotes adoption of the Financial Information eXchange (FIX) protocol, has announced updates to the FIX protocol addressing MiFID II and MiFIR requirements. The organisation will also advise its members to review and adopt the updates as soon as possible so development work can begin, according to...
Datactics RegMetrics User Monitors 10 Million Records to Ensure Data Quality
Datactics has implemented its RegMetrics data quality reporting solution at a Tier 1 global bank. The bank is using the software to monitor over 10 million underlying records, which requires hundreds of millions of data points to be processed. The bank is also building predictive analytics on top of the RegMetrics framework to monitor data...
Driving Business Value Out of the Legal Entity Identifier
The Legal Entity Identifier (LEI) is useful as a unique, unambiguous and persistent entity identifier, but when integrated with other datasets such as securities it can deliver both operational and business benefits. Issues around driving business value from the LEI were discussed during a recent A-Team Group webinar that was moderated by A-Team editor Sarah...
FactSet Details Ultimate Goal of Servicing the Complete Portfolio Lifecycle
FactSet is delivering on its aim to serve the portfolio lifecycle through acquisition, partnership, integration and a focus on providing clients with a choice of modular solutions. Previewing the year ahead, its plans include continued integration and enhancement of acquisitions Portware, Cymba and Vermilion, support for compliance with regulations including Markets in Financial Instruments Directive...
Steve Pulley Details Thomson Reuters Plans for Clarient and Avox
Following Thomson Reuters agreement to acquire Clarient and Avox from DTCC, we caught up with Steve Pulley, managing director of Risk Managed Services at Thomson Reuters, to find out more about the company’s plans for the acquisitions and how they will be integrated with Thomson Reuters risk management, compliance and reference data solutions. Pulley describes...
Erste Group Extends Relationship with Asset Control
Erste Group Bank has extended its use of Asset Control’s AC Plus data management platform to support the regulatory requirements of Packaged Retail Investment and Insurance-based Investment Products (PRIIPs) and Markets in Financial Instruments Directive II (MiFID II). The bank, one of the largest financial institutions in Central and Eastern Europe, initially implemented an Asset...
Big News at Thomson Reuters with Acquisitions of Avox and Clarient
We’ve heard rumblings in the market about a potential sale of Avox and now, ending months of speculation, Thomson Reuters signing not only a definitive agreement to acquire DTCC’s Avox, a supplier of legal entity data, but also an agreement to acquire Clarient, the industry-backed Know Your Customer (KYC) and client reference data platform that...