OpHedge Migrates Clients on to GoldenSource Security Master
New York based hedge fund administration provider OpHedge Investment Services has begun to migrate its clients on to the GoldenSource security master solution, and plans to start implementation of the vendor’s positions repository later this year. The firm signed up for the two components of GoldenSource’s enterprise data management solution last March (Reference Data Review,...
Netik InterView Central to SOA At Daiwa Securities GAS
Dublin based hedge fund administrator Daiwa Securities Global Asset Services (GAS) has rolled out the Netik InterView data warehouse platform for data management and reporting. The Netik solution is central to the administrator’s services oriented architecture (SOA) strategy, based around Microsoft .Net technologies, and going forward will be used to synchronise all data between its...
Insight Investment Operations Migrated to Northern Trust
Insight Investment’s operations have been successfully migrated to the Northern Trust platform, for more than 600 portfolios, following the 2005 announcement of their outsourcing partnership. Northern Trust provides Insight with every aspect of post-trade execution support including trade processing and settlement, data management, reconciliation, portfolio recordkeeping, client valuations and reporting and performance measurement and attribution.
EDI Nearly Doubles GlobeTax’s e-TaxData Online Reference Data Product
Exchange Data International Limited (EDI), provider of international securities data, together with GlobeTax, provider of outsourced withholding tax services have announced the scaling up of the online market reference data product e-TaxData Online, adding an additional 71 markets of issue to the existing 91 markets already covered. This launch comes less than a year after...
Microsoft’s MiFID Pitch Touts TAP Among Partner Solutions
Microsoft has set out its MiFID stall, and has identified reference data and client classification as two of the eight MiFID related challenges it wants to help financial institutions address through its initiative to offer “mix and match” MiFID solutions in conjunction with a range of partners. TAP Solutions, provider of the Microsoft based TAPMaster...
BoNY/Mellon Merger Brings Rivals Eagle and Netik Under One Roof
The merger of Bank of New York and Mellon Financial Corp. not only creates the world’s largest securities servicing and asset management firm globally, it also brings under one roof two fiercely rival data warehouse providers, Mellon-owned Eagle Investment Systems and Bank of New York-owned Netik, calling into question the future strategy of the firms’...
SunGard Lets Go EDM Experts Odho and Ord, Streamlines FAME
SunGard has made redundant members of the Enterprise Data Management (EDM) group within its Enterprise Solutions Group – Marc Odho and Rob Ord – as well as a small number of people from within the FAME business unit as part of a streamlining exercise. While the shedding of such high profile data experts has prompted...
S&P Upgrades Compustat Xpressfeed With New Data Items
Standard & Poor’s has completed a series of enhancements to its Compustat Xpressfeed offering. The enhancements include 1000 new company-level data items now available within Compustat data, which includes fundamental and market data on some 65,000 global securities. Among the data enhancements are: additional current and historical annual fundamental data and footnotes, including income statement...
ADP, Avox Sign Up to Sponsor EDM Council
ADP Brokerage Services Group and Deutsche Boerse-owned Avox have signed up as sponsors of the EDM Council. They join BearingPoint, Cicada, GoldenSource, IBM and SunGard. This development comes as the EDM Council undertakes its transition to a member-owned, rather than a sponsor-owned, model (Reference Data Review, September 2006). Ken Price, CEO of Avox, says this...
Spending on Legal Entity Data Management to Top $250m by 2010
By 2010, more than 10 per cent of total spending within the enterprise data management industry will be on legal entity data management, says analyst Aite Group in a new impact report. Regulatory pressure is driving a 200 per cent average annual growth rate in spending in this market, Aite says, encouraging spend on legal...