Aegon Purchases Citadel Data Management Platform Cadis
Aegon Asset Management UK has purchased Citadel Associates’ Cadis data management platform. Aegon employs around 250 people in its Edinburgh head office. This deal follows similar data management implementations with Russell/Mellon (Reference Data Review, April 2005), Newton and Insight Investments (Reference Data Review, August 2005).
Case Study: Standard Bank Centralises Client Information
South Africa’s Standard Bank is expanding its international franchise, and in order to support its international efforts, the bank has reengineered its reference data operations. A key project undertaken over the past year has been to put together a global Client Information File (CIF) in order to provide a single, global view of its clients...
Canadian Depository Offers Direct Access to Reference Data
The Canadian Depository for Securities (CDS) – the world’s oldest securities depository – is gearing up to begin distribution of information services beyond its membership base. The depository is introducing direct availability of its corporate actions and other relevant data it collects to non-members. CDS handles all Canadian debt and equity markets, including private issues,...
EDI Deal with GlobeTax Adds Withholding Tax Data
Exchange Data International has entered an agreement to become the exclusive partner for GlobeTax’s withholding tax data and services for use within EDI’s data services. The new service will be available online as part of EDI’s e-Data Suite of products and will “offer a searchable matrix of over 43 million data points of withholding and...
Sydbank Selects AIM Software’s Data Management Software
Danish Bank Sydbank has chosen AIM Software’s data management system to enable it to fulfil the requirements of the EU Savings Tax Directive (EUSD – see Reference Data Focus insert, this issue). The deal sees AIM’s Gain DataDeskop being installed with integration to price, static and corporate actions data from Telekurs Financial’s ValorData Feed (VDF),...
Enterprise Data Management Council Established
A new Enterprise Data Management (EDM) Council has been established by over 20 representatives from corporate and investment banks, asset management companies, and competing industry vendors. The development has been led by GoldenSource, SunGard and IBM. The aim is to use the council as a forum to discuss the best practices for standardising and integrating...
Reuters Grows Third-Party Alliance Program with New Deals
Reuters has secured another four partnerships with software providers in its drive to “set up as many strategic alliances as possible”. And with 25% of their revenues – and growing – for the DataScope reference data service coming from the program, it’s little wonder that it is becoming an increasingly important strategy for the company....
Osney Event: Buy-Side Discuss Reference Data Resource, ROI
The resources of the buy-side often can’t compare with those of the sell-side when it comes to reference data management and measuring the cost impact of bad data in order to justify data management projects. This was one of the messages from a recent Technology Solutions for Asset Management (TSAM) conference organized by Osney Media....
Outsourcing Becoming Viable Option, New A-Team Survey Says
Effective reference data management is a tough challenge for most financial institutions, but is outsourcing it to an experienced partner a viable option? It appears it is indeed an option that many reference data managers – 95% of those surveyed by Reference Data Review – would consider, signalling a fundamental shift in the attitude towards...
Banc of America Securities Endorses Outsourcing With SunGard Reference Data Management Deal
Banc of America Securities is putting its money where its mouth is by signing up as the first client for SunGard’s Managed Data Service, and effectively endorsing the outsourcing model for reference data management. BAS had previously indicated its support for outsourcing services by becoming a charter member of SunGard’s data management advisory panel (Reference...