Soliton Revamps Management in Bid to Leverage Data Platform
Reference data management platform provider Soliton has revamped its senior management team in a bid to exploit growing industry interest in consistent, timely and accurate reference data. Soliton’s TimeSquare offering is designed to automate the acquisition and management of reference data and allows institutions to create a single, sustainable security master database. The reorganization involves...
Kx Systems to Offer Testing for London Stock Exchange Trade Data
Kx Systems has forged a relationship with the London Stock Exchange that will allow institutions to use Kx’s data analysis capabilities to test trading strategies using LSE historical trade and quote data. Kx has had a similar arrangement with the New York Stock Exchange for several years.
Deutsche Borse Mulls Offering Reference Data Services
Fresh from its acquisition of Clearstream International, Deutsche Borse is considering launching a reference data service to complement its planned corporate actions and new-issue data services. These latter two services will be offered to vendor redistributors, some of which are currently testing the service for German and Luxembourg equities and fixed-income instruments. Deutsche Borse hopes...
Thomson Financial Upgrades Datastream Infrastructure
Thomson Financial has implemented an IBM Z990 mainframe to boost capacity of its Thomson Datastream historical database. The upgrade has increased capacity by 35%, offering clients faster response times. Additionally, Thomson has introduced Internet access to Datastream data using the Point-to-Point Tunneling Protocol (PPTP). Thomson says German retail bank Nassauische Sparkasse has signed up to...
FTI Wins at Franklin Templeton, M&G
Financial Technologies International (FTI) has chalked up two wins for its StreetReference reference data management platform. Investment manager Franklin Templeton will integrate StreetReference into its existing implementation of FTI’s StreetBooks client records data store. Meanwhile, M&G Investment Management will use StreetReference as part of its so-called Data Mart database of fixed-income securities terms and conditions....
ADP Wilco Expands Outsourcing to Reference Data Management
ADP Wilco has expanded its ASP outsourcing business to adopt a more comprehensive business processing outsourcing approach. Targeting smaller brokerages, ADP Wilco will offer such back-office tasks as instrument pricing and securities and corporate actions reference data management, as well as trade capture and reconciliation. Rather than a full back-office outsourcing approach, the ADP Wilco...
IBM Builds on Reference Data Initiative with Basel II Suite
Hot on the heels of its reference data deal with Dresdner Bank (Reference Data Review, January 2004), IBM this month launched a suite of data management solutions designed to cater for institutions seeking to comply with the Basel II operational risk regulations. The new suite – with the snappy name of Risk & Compliance-Basel II...
Capco Purchase of Iverson Financial Yields Data Platform, Outsourced Management
Capco’s acquisition of California-based data management specialist Iverson Financial Systems last month gives the business services provider both a viable outsourcing solution and a platform product upon which to base its continuing push into the reference data marketplace. The deal appears to be a logical step toward establishing a product approach to complement Capco’s heretofore...
Bank Austria Creditanstalt Licenses Fitch Risk’s OpVantage First Database for Operational Risk
Bank Austria Creditanstalt has subscribed to Fitch Risk’s OpVantage financial institutions risk scenario (First) trend database. First contains 4,500 case studies of operational risk loss events. It is aimed to helping financial services firms to determine and manage their exposures. BCCA plans to use First in its self-assessment process for operational risk. Fitch Risk is...
Capco Gets $15 Million Funding For Reference Data Solutions
Capco, which famously split last year from its Synetix reference data joint venture with Reuters, has secured $15 million of funding. The deal has been done with existing investors, including Thomas Weisel Capital Partners, which is in for $10 million, Capco Foundation, Edgewater Private Equity Fund, GIMV, Hewlett-Packard and LJH Private Capital. Capco says the...