Case Study: Henderson Global Centralizes Using DISL Integral
Henderson Global Investors, a mid-sized U.K. investment management firm, is about a third of the way through an almost three-year project to revamp its data management procedures across the board. With its back office outsourced to Cogent, Henderson’s focus was on the data used to support its front and middle offices, including the investment management,...
Case Study: Deutsche Stresses Strong Governance Approach
Deutsche Bank expects to complete its wide-ranging DB Reference Data Programme – launched in 2002 and encompassing a single model for client, instrument and organizational data – by the first quarter of next year. In developing its plans for the project, Deutsche took care to acquire management buy-in, establishing a Corporate Reference Data Governance Forum...
Euroclear Taps Accenture for Single Settlement Engine Help
Euroclear has selected Accenture to provide application development sourcing services as part of the Brussels-based depository’s single settlement engine project. Under the plan, Accenture will help develop a platform that will host Euroclear’s Single Settlement Engine. The project is due for completion – with help from a yet-to-be-determined second strategic sourcing partner – in 2006....
Soliton Extends TimeSquare to Handle FT Interactive Data
Reference data management supplier Soliton has added FT Interactive Data’s securities pricing feeds in the U.K. and Europe to its TimeSquare platform. The move is part of Soliton’s drive to add the major data vendors to its library of acquisition workflows. The term ‘acquisition workflow’ refers to the end-to-end process of loading, mapping, checking and...
WestLB Spinoff NRW Bank Opts for SunGard ePI for Reconciliations
NRW Bank – based in Germany’s North Rhine-Westphalia region and spun off by the recent reorganization of WestDeutsche Landsbank Girozentrale – has selected SunGard ePI’s IntelliMatch platform for automated reconciliations. IntelliMatch reconciles transaction data with back-office systems, drawing upon a core reference database to identify traded securities (Reference Data Review, March 2004).
HSBC Opts for Accurate NXG for Reconciliations
HSBC plans to install Accurate Software’s Accurate NXG reconciliation system across several units within its corporate, investment banking and markets (CIBM) division. The platform is aimed at improving operational control and reducing exposure to operational risk.
DTCC Unveils Smart/Source Event, Reference Data Service
The Depository Trust & Clearing Corp. (DTCC) has introduced Smart/Source, offering online, Internet-based access to the security and reference data it collects and maintains for the more than two million securities eligible for processing by its Depository Trust Co. unit. DTCC is a major source of corporate event and reference data. The new service can...
Brewin Consulting Launches Reference Data Diagnostic
U.K. consultants Brewin Consulting has introduced Reference Data Diagnostic, which helps financial institutions understand and tackle data quality issues around reference data. The system offers analysis on why quality of certain data is poor and offers suggestions on how to improved it. At the heart of the system is a reference data rule base that...
SunGard in Acquisition Talks with Asset Control as Accenture Selects AC For Outsourcing Solution
Acquisitive SunGard is in talks about a possible purchase of data management firm Asset Control. Although in early stages of discussion, the talks appear to be part of a wider strategy by SunGard to make a substantial commitment to the reference data area, already indicated by its earlier acquisition of Fame Information Services late last...
IDC First-Period Revenue Climbed 18% to $117.6 Million
Interactive Data Corp. reported an 18% rise in first-quarter revenues, although net income was about flat. The company – whose FT Interactive Data is the market share leader in end-of-day pricing services – posted sales of $117.6 million for the first quarter, which represented a 2.2% rise net of new acquisitions and exchange rate fluctuations....