Asset Control Enhances Data Management in Version 6.0
Asset Control has released version 6.0 of its AC Server, the core of its data management solutions. The new server provides “significant performance improvements and enhancements” resulting from new features. These features include clustering, to help avoid single points of failure, increased flexibility to create fault-tolerant architectures, and 64-bit support, enabling faster and more efficient...
FactSet Acquires Fixed Income Software Provider Derivative Solutions
FactSet Research Systems has acquired all the outstanding capital stock of Derivative Solutions for $42.5 million in cash and approximately $11 million in shares, totalling around $53.5 million. This is 5.4 times the company’s revenues in 2004, and about four times anticipated 2005 revenues. Derivative Solutions, founded in 1991, provides fixed income analytics, portfolio management,...
AIM Expands to U.S. Market With New Subsidiary
Austria-based AIM Software has established a new subsidiary in the U.S. in order to sell its reference data and risk management solutions directly to clients in the U.S. The subsidiary will also provide better support for the U.S. subsidiaries of around 80 institutions that already use the vendors’ Gain software. AIM has partnered with New...
Bloomberg Adds Muni Bond Data In Expanded Deal with S&P
Further improving on its strengths in the bond data arena, Bloomberg has expanded its relationship with Standard & Poor’s Securities Evaluations group. The deal adds Standard & Poor’s municipal bond pricing, Municipal Benchmark Yield Curves and Municipal Total Return Index to the Bloomberg Professional service. For Standard & Poor’s, the agreement opens up the distribution...
What’s new about the importance of reference data? Not so much as is touted. By Maryann Houglet, Director of Strategic Consulting, A-Team Group
A recent industry periodical spoke of data as “ubiquitous”… touching all corners of an enterprise and becoming the lifeblood of an organization.” Having spent my 25-year career at various securities data vendors, there’s nothing new here. Data has always driven investment decisions, transaction processing, back office operations, securities administration, accounting, compliance, reporting and so on....
EUSD: Catch Up on Progress
As mentioned in our special focus supplement of the June edition of Reference Data Review, the EU Savings (Tax) Directive went into effect on July 1, with implications for paying agents on identifying instruments falling under the directive. Data vendors worked with user firms to help by providing tagged data within product modules. FT Interactive...
Reuters Adds Another Third-Party Distributor, Linedata…
Reuters is making its Datascope reference and historical data solution available through Linedata Services. The data will be accessible through Linedata’s Icon fund management system, which covers real-time investment accounting, portfolio valuation, collective investment pricing and management/client reporting. Pete Hudson, head of product marketing at Linedata Services (UK), says, “We are seeing increasing demand from...
Accenture Partners with Nikko Systems Solutions in Japan
Accenture has signed a five-year deal to work with local firm Nikko Systems Solutions to establish joint sales and support teams to market and implement capital markets solutions based on the two companies’ service offerings within the Japanese market. A key aspect of the service will be the promotion of Accenture’s Managed Reference Data Services...
AIM Secures Clariden Bank For Ref Data Interfaces…
AIM Software has secured another client in Clariden Bank for its reference data management platform Gain DataDesktop. At Clariden, the software is being used to integrate financial data from Telekurs Financial’s Valor Datafeed (VDF) and Bloomberg’s Data License into the banking application Avaloq. Michael Hochstrasser, vice president at Clariden Bank says, “By consolidating the data...
Volante Technologies Partners with Vitria
Volante Technologies has combined its data-centric solutions, including management of Swift, ISO 15022 and ISO 20022 messaging standards, with the business process integration solution BusinessWare offered by Vitria. The combined offering has already been deployed at three financial institutions. Volante’s technology enables the rapid identification of errors at the source, enhancing BusinessWare’s capacity to manage...