TheMuniCenter Picks FT Interactive Data For Reference Data
TheMuniCenter will utilize FT Interactive Data’s Securities Information Retrieval Service (SIRS) as the primary source of reference data for its electronic fixed income trading marketplace. Clients of TheMuniCenter will now be able to access a wide range of fixed income securities, including U.S. government, municipal and corporate bonds. The new service will also be leveraged...
Soliton Adds Capital IQ for Joho Capital
Data management provider Soliton has added company financial data from Capital IQ to its TimeSquare platform implementation at New York-based hedge fund Joho Capital. Capital IQ, now owned by Standard & Poor’s, combines private and public capital market data and technology. Its reported and adjusted company financial data has been integrated by Soliton’s TimeSquare into...
Wachovia Expands Use of AC Plus To Boost Risk Data Quality
Wachovia Corp. has once again expanded its use of Asset Control’s AC Plus data management platform to boost the capabilities of its internal risk management function. Wachovia originally implemented AC Plus in its risk management operation in 2004 (Reference Data Review, January 2005) and subsequently extended its use to other areas of the enterprise as...
Reuters’ Reference Feed Sales Hit $100m Annually As FTID Posts $90m in Revenues for 1st Period
Reuters’ annual revenue run rate for reference data feeds is approaching $100 million. The figure represents a quadrupling of $25 million annualized sales rate of a couple of years ago. While Reuters doesn’t officially break out figures for its reference feed business – instead including the data within its enterprise information segment, which also includes...
Telekurs’ Reference Data Via Gain Chosen by Lava Trading
Reference data is reaching all aspects of the trade lifecycle, and transaction engines are a fast-growing consumer. This was most recently demonstrated by Lava Trading’s recent adoption of AIM’s data management platform in order to incorporate Telekurs Financial’s data into its transaction engine. New York-based Lava Trading, now owned by Citigroup (see sister newsletter Transaction...
EDM Council Reconvenes To Review Research
After a seemingly long period of silence, the Enterprise Data Management (EDM) Council reconvened to discuss progress in a meeting held by its new Executive Advisory Board (EAB). Still in the ‘research’ phase, the group has come to some conclusions on potential initiatives to focus on, and hopefully will now progress to the ‘action’ phase....
CityIQ Named Implementation Partner for Xenomorph System
Asset management consultant CityIQ has become the latest officially accredited implementation partner for Xenomorph’s TimeScape data and decision management system, which specialises in derivatives. The deal enables asset management clients to add derivatives capabilities to their process “without the need for wholesale redevelopment of existing technology infrastructure”. The partners, which have worked together before, believe...
Citadel Expands with Boston Office
UK-based data management firm Citadel Associates has opened its first North American office in Boston, Mass., with the chosen location reflecting the buy-side nature of its clients. Citadel says that it has secured several major US-based global fund managers for its Cadis data management system, which justifies the expansion. The US operations center will be...
Mitsubishi Extends Syn~ Platform To Full Range of Cash Markets
Mitsubishi UFJ Securities International plc (MUSI) has extended its use of Coexis’ Syn~ workflow and data management products to cover its full range of cash markets settlements. The aim is to achieve high levels of straight-through-processing across all cash markets asset classes by using standardized underlying technology based on the Syn~ platform. Syn~ was already...
Mondas Rolls Out Radica CAPS for First Global Asset Management Client
Mondas PLC has delivered the latest version of its flagship product Radica CAPS, launched in December 2005, to one of its global asset management clients. The undisclosed client will be implementing the corporate actions solution to enable two of its centres to share common event data. Legal entity filtering ensures that each centre is only...