Olayan Group to Implement TAPMaster as Core Data Platform
The Olayan Group, a Saudi multinational, has decided to implement TAP Solution’s TAPMaster platform as its core reference data management system for its asset management operation. The deal is the first for TAP for some time, following its big win at Morgan Stanley (Reference Data Review, January 2005). At Olayan, TAPMaster will become the company’s...
AIM Software, FT Interactive Data Hook Up via Gain Platform
AIM Software and FT Interactive Data have agreed to collaborate in conducting an extended mapping of FT Interactive Data’s information services via AIM’s Gain reference data management platform. The new relationship builds on several years of cooperation maintaining access to the FT Interactive Data services via Gain. Under the arrangement, FT Interactive Data will offer...
HighMark Capital Selects Cadis To Support New OMS Platform
San Francisco-based HighMark Capital Management has implemented Citadel’s Cadis Data Management Platform (DMP) to support its new order management system (OMS) implementation. Citadel’s selection by HighMark Capital, which serves as investment advisor for HighMark Funds, is the second buy-side win announcement for the data management software firm this year. Scotland-based investment management firm Aegon Asset...
BBH Infomediary Adds Data Manager With Access to ID Code
Brown Brothers Harriman & Co. (BBH) has released Data Manager, a web-based module for Infomediary, its integrated communications outsourcing solution, which allows global asset managers to outsource their straight-through-processing (STP) and messaging infrastructure. The new module gives Infomediary clients enhanced functionality to directly customize, view and control their time-sensitive data in real time through a...
Ness Technologies Promotes FDE Platform At New York’s FIMA Data Management Event
Ness Technologies took the opportunity of this month’s Financial Information Management (FIMA) conference to promote its Financial Data Enterprise (FDE) reference data management platform. The platform was developed by Ness Innovative Business Services (Ness IBS), previously known as Innova Solutions, a provider of integration services for investment managers, broker/dealers and third-party administrators. FDE provides a...
Wells Fargo Adopts I-flex Reveleus Data Structures
Wells Fargo has implemented a platform from i-flex’s Reveleus unit to support its credit capital calculation application in order to meet its Basel II requirements. Underlying the platform is a set of data structures, business rules, computations and definitions that is expected to help the U.S. bank comply with the advanced internal ratings-based approach of...
Reference Data Spending to Continue at Highs for Two Years
Rest assured. The boom years aren’t over yet. Financial institutions will continue their high rate of spending on reference data projects for the next two years as drivers such as operational risk and regulation continue to force firms to clean up their data acts. That’s the conclusion of a new survey from TowerGroup, which said...
BNP Picks Xyleme for Derivatives Data Management
BNP Paribas has selected Xyleme Inc. to provide data management for the bank’s derivatives operations. The big French bank will use Xyleme’s XML-based platform to integrate trade data for reporting of profitability of specific financial instruments or client risk exposure.
TAP Solutions Releases TAPMaster On Demand
TAP Solutions has released the TAPMaster On Demand web service, an add-on module to its core data management platform that provides a link between its standardized data and a client’s proprietary or non-standard systems and software without the need for development staff. Queries go through the web service and provide ‘read only’ data so administrators...
Aegon Asset Management Taps Citadel Cadis for Data Platform
Aegon Asset Management UK Ltd. has implemented Citadel Associates’ Cadis Data Management Platform (DMP). The Scotland-based investment management firm will use DMP in support of its outsourced securities administration and fund accounting functions, which are handled by Citigroup’s Global Transaction Services group, as well as for its own core business activities. Cadis now supplies Aegon...