Eagle, FTID, RDR Preach Reference Data Message
Eagle Investment Systems last week embarked on a mini-tour of Europe, hosting a series of reference data breakfast seminars. While specializing in portfolio management and accounting systems, Eagle has taken a data-centric model and was preaching the reference data message as the cornerstone of any initiative to accurately value an institution’s portfolio. Eagle’s chief operating...
Iverson Pitches ‘Vertical Utility’ For Reference, Index Data
Encouraged by a commissioned survey that indicated firms’ growing interest in outsourcing data management, Iverson Financial Systems is pitching its concept of operating so-called vertical utilities on behalf of clients. Iverson already has three such utilities in operation, having grown the concept from an outsourced solution for equities reference data for a Wall Street firm...
Barra Broadens Coverage of Cosmos Bond Portfolio System
Barra has expanded the coverage of its Cosmos bond portfolio management system to include a wider range of securities and benchmarks. The new version – Cosmos 3.1 – has broader U.S. fixed-income coverage. Barra has also added a number of indices, including the iboxx euro and sterling credit indices and mortgages. In addition, Cosmo 3.1...
Royal Bank of Scotland Subscribes to Lombard Risk’s Credit Verifications
Royal Bank of Scotland has subscribed to Lombard Risk Systems’ ValuSpread Credit credit pricing verifications service. ValuSpread has been designed to monitor credit default swap prices for independent verification of traders’ closing prices. The service currently features data for 5,000 global credits, from 29 contributors.
DSTi Adds Bond Attribution Module to HiInvest Portfolio System
DST International has added a fixed-income attribution module to its HiInvest portfolio management system product suite. The system will be marketed as a standalone product, alongside existing HiPerformance andHiRisk products. The new module will support duration and revaluation-based approaches, performing calculations at both the portfolio and security level. DSTi has completed development of a prototype...
Financial Technologies Rolls Out StreetDirector to Two Clients
Financial Technologies International has rolled out its new StreetDirector transaction lifecycle processing engine at a global brokerage and a large investment bank. The system is part of FTI’s StreetEnterprise suite of services, and draws upon clients’ chosen reference data management systems, books and records, and transactions data to monitor and control the work flow associated...
The Interview: Reuters’ Data Trek to the Enterprise
Reuters has long been a dominant player in front-office data. Can it leverage that position to gain critical mass throughout the enterprise? RDR talks to reference data chief Kevin Bradshaw In the aftermath of its abandoned Synetix venture with Belgium’s Capco, Reuters is embarking on a reference data strategy of its own, based around its...
Firms Fear Data Quality Issues Could Disrupt STP Initiatives
Industry participants are concerned about the availability of the quality data they require to achieve straight-through-processing, according to a survey published last month by the U.S. Securities Industry Association and GartnerG2, a research firm. The survey also found high levels of concern about the deadline for the Depository Trust & Clearing Corp.’s proposed corporate actions...
Basel II Plan Under Attack for Impact on Costs, Funding
The draft Basel II proposals on risk regulation have been attacked by two industry bodies in the past month. First, the Institute of International Finance (IIF) expressed concern about the potential costs to industry participants of accommodating what it called the complexity of the proposed new framework, and said there was a lack of coordination...
Fame Partners with CSFB for Bond Pricing, Analytics
Fame Information Services has signed a strategic agreement to market Credit Suisse First Boston’s fixed-income and convertible data/analytics offerings. CSFB’s services, powered by descriptive data from FT Interactive Data, are targeted at the research, compliance, and trading-room decision-support areas. By augmenting CSFB’s trade desk pricing and analytics with FT ID’s descriptive data, Fame clients will...