Bankenes Sikringsfond Implements Xenomorph TimeScape to Improve Risk Analytics
Bankenes Sikringsfond, the Norwegian banks’ guarantee fund, is implementing Xenomorph’s TimeScape solution to create a central analytics and data management platform that can support a dynamic risk approach to the market. The fund started looking for a solution about six months ago. It wanted to link multiple data sources and perform proprietary analysis for distribution...
Current Solutions Lacking, Despite Foundational Nature of Reference Data
Reference data management (RDM) is a foundational element of financial enterprises, yet the collection of solutions used to manage reference data in most firms is not satisfactory, according to a report published this week. The report – Reference Data Management: Unlocking Operational Efficiencies, published by Tabb Group in conjunction with data integration specialist Informatica –...
Talking Reference Data with Andrew Delaney: The Humpty Dumpty Factor
Humpty Dumpty famously said: “When I use a word, it means just what I choose it to mean—neither more nor less.” I think he was on to something. As I move within reference data circles – recently in London, Zurich, Frankfurt and New York – I find that the term reference data can be applied...
Managing Big Data Woes: A How-to Guide for Hedge Funds
By Mark Kenney, Abacus Groupwww.abacusgroupllc.com The explosion of data over the last several years, coupled with dynamic compliance requirements, has put excessive stress on many firms’ storage capabilities. With the need to juggle multiple strategies, multiple funds and multiple prime brokers, it’s not uncommon for today’s hedge funds to deal with many terabytes of data....
Tick42 Offers Open Source Bridge from OpenMAMA to Bloomberg Open API
Tick42, the May 2012 rebrand of Dealing Object Technology, has made its first foray into open-source software with the release of a bridge from the NYSE Technologies originated OpenMAMA middleware agnostic messaging application programming interface (API) to the Bloomberg Open API. The bridge enables OpenMAMA users to bring Bloomberg data directly into their applications without...
Talking Reference Data with Andrew Delaney: Three-Letter Acronym (TLA) Syndrome
Next week, as you may know, I’ll be heading to NYC and not for R&R. Our newest Brit on the Street (BOS) – Caroline Statman – and I will be doing the proverbial rounds of the reference data world to see what’s what and what will be what come 2013. It’s going to be a...
Invesco Builds Out Eagle Performance and Data Management Solutions
Invesco has completed the second implementation phase of Eagle Investment Systems’ performance measurement solution covering its retail and institutional business in the UK and continental Europe. The performance measurement system is complemented by Eagle’s Pace data management platform, which is being used to improve internal reporting across performance, holdings, transactions and risk metrics. The data...
Data Management: Time for a New Best Practice Model
By Nigel Pickering, Founder, www.ref-data.com Firms have been attempting the ‘data centralisation’ path for many years – yet few, if any, have truly succeeded in delivering a solution to the underlying drivers and objectives. Many will have concluded that integrating their core data is the route to managing reference and transactional data across the many...
Nasdaq OMX Sets up Data Storage Solution in the Amazon Cloud
Nasdaq OMX is challenging regulatory data management requirements with a cloud platform powered by Amazon Web Services (AWS) and tailored by Nasdaq OMX to provide secure and scalable data storage that cuts the cost of existing internal and external storage options. Called FinQloud, the cloud platform initially offers two regulatory solutions for US financial firms,...
European Commission Consults on Compilation of Indices and Benchmarks
The European Commission’s spotlight on data transparency has panned out to cover benchmarks and indices. Following the Libor scandal and the Commission’s move to amend proposals for market abuse regulation and criminal sanctions to clarify that any manipulation of benchmarks is illegal, it has issued a consultation paper on the production of benchmarks and market...