DTCC Continues on the Case to Pitch its Warehouse as Trade Repository for OTC Derivatives
It seems that a week can’t go by without some mention of a trade repository being made in the US market. This week, the Depository Trust & Clearing Corporation (DTCC) has been doing its bit to renew its call for regulators and financial market participants to use its own Trade Information Warehouse as a repository...
DST Global Solutions Launches EDM and Analytics Offering for Public Pension Funds
Following a rebrand earlier this year and a spate of new hires, investment management solution vendor DST Global Solutions has added a new data management and analytics platform for public pension funds to its portfolio. Jamie Verrengia, performance solution manager for the North American region, explains that its enterprise data management (EDM) platform has been...
CESR Releases Consultation Paper on Trade Repositories in the Derivatives Market: Data Standards on the Regulatory Agenda Again
Echoing the discussions going on over the pond on the subject, the Committee of European Securities Regulators (CESR) has just released a new consultation paper examining the need for a trade repository for OTC derivatives data. The US Securities and Exchange Commission (SEC) chairman Mary Schapiro has been talking about the need for a greater...
RDR Poll This Month: Register Your Vote on the ECB’s Proposals for a Reference Data Utility
We’ve been talking about it over the last few months, but now you can let Reference Data Review (and the European Central Bank (ECB)) know whether you think its proposals for a reference data utility are a good idea or not. The ECB’s proposals have inspired a number of you to write in and many...
…But EDM Council Also Engaged in Much More Work Around Semantic Repository and Entity Data, Say Atkin and Bennett
The discussions at the last EDM Council meeting may have been dominated by debate over the feasibility of the US National Institute of Finance (NIF), but the industry group is engaged a lot of other things as well, according to Mike Atkin, its managing director. As well as the mortgage backed securities (MBS) proof of...
EDM Council Meeting Dominated by Concern Over Achievability of US NIF…
Discussions during the quarterly EDM Council meeting in London last week were dominated by questions regarding the feasibility of the proposals surrounding the establishment of National Institute of Finance (NIF) in the US. The EDM Council itself is currently working on a proof of concept around mortgage backed securities (MBS) data with the NIF, which...
US Regulators Pushing for Increased Pricing Transparency Around CDSs
US regulators have this week been highlighting the need for more transparency around OTC derivatives pricing, in particular around credit default swaps (CDS), which are now moving towards being centrally cleared in the market. Speaking in New York at an International Swaps and Derivatives Association (ISDA) conference, Theo Lubke, senior vice-president at the Federal Reserve...
SmartStream Launches Reference Data Utility Offering, Announces First Client
As first revealed by Reference Data Review in May last year, the Dubai International Financial Centre’s (DIFC) DClear subsidiary has been working on a reference data utility for some time. DClear Utilities, which is now a part of DIFC owned SmartStream Technologies, has now officially been launched on the market and has just bagged its...
Omgeo CTM Best Practices Released to Provide Guidance for New Broker-Dealer Workflows
Omgeo has introduced a best practices document geared toward investment managers and broker-dealers to highlight the most effective ways for the two counterparties to interact with each other when matching trades via Omgeo Central Trade Manager (Omgeo CTM). Until recently, sell side clients wishing to leverage automated trade processing for cross border and non-US trades...
Should the ECB be Using Existing Data Channels and Standards for a Reference Data Utility?
Ahead of the panel discussion on the subject at next week’s Sibos conference in Hong Kong, the European Central Bank’s (ECB) proposals have provoked yet more feedback from Reference Data Review readers. Most agree that starting from scratch in building such a utility would be a difficult endeavour and that the central bank should instead...