Finsoft Financial Joins FISD’s Data Model Working Group to Share CSDB Experience
Data management solution vendor Finsoft Financial has joined the Software & Information Industry Association’s (SIIA) Financial Information Services Division (FISD) with a view to getting involved in its reference data discussions. The vendor, which is the provider of the technology platform for the European Central Bank’s (ECB) Centralised Securities Database (CSDB), will contribute to the...
GoldenSource Joins Derivatives Bandwagon with New Valuations and Risk Management Solution
EDM vendor GoldenSource has taken the plunge and joined the derivatives data management vendor community with a new offering aimed at helping financial institutions value portfolios and manage risk for derivatives products. Neil Edelstein, senior director of product solutions at the vendor, explains that the launch of GoldenSource for Derivatives was based on both a...
Misys Releases Collateral Management Solution Aimed at Counterparty Risk Reduction
Misys has released a new collateral management solution, dubbed Misys Summit FT Collateral Management, which it claims is aimed at reducing counterparty risk. Against a background of increased market scrutiny of firms’ risk exposures via their counterparties, the vendor says the solution will provide real-time tracking and assessment of collateral levels. The vendor is emphasising...
Ventura Management Associates and On-Course Advisors Launch Client Relationship Management Forum
Ventura Management Associates, a boutique advisory firm focused on reference data and client information data strategy, has partnered with On-Course Advisors to launch a client relationship management (CRM) forum. According to Ed Ventura, president of Ventura Management Associates, the semi-annual CRM Forum will be aimed at bringing together industry participants to discuss best practices relating...
Regulatory Compulsion is on the Cards and ECB is Looking at Data Semantics Repository, Says Atkin at TSAM 2009
The Enterprise Data Management (EDM) Council has been involved in a “whirlwind” of meetings with regulators over recent months to further the cause of data management, said EDM Council managing director, Mike Atkin, at TSAM 2009 this week. The European Central Bank (ECB) in particular is looking at the area of data semantics adoption in...
EACH Supports the Introduction of a CCP for OTC Derivatives
The European Association of Central Counterparty Clearing Houses (EACH) has published a paper that indicates its support for the introduction of central clearing counterparties for the OTC derivatives markets. The industry association believes a CCP can serve as part of the blueprint to effectively mitigate counterparty risk and improve operational efficiency in the OTC derivatives...
Markit Launches Multi-bank, Cross Asset Client Valuations Platform
Following 12 months of development, Markit has finally launched its new multi-bank, cross-asset client valuations platform with much fanfare. The new platform has been developed in partnership with six banks and a couple of buy side firms and purports to provide a secure, standardised view of OTC derivative positions and valuations across counterparties. The platform,...
DTCC’s Loan/SERV Adopts Markit’s New Entity Identifier System
The Depository Trust & Clearing Corporation (DTCC) has adopted Markit’s new entity identifier system for loans processed by its suite of services for the syndicated loan market, Loan/SERV. According to DTCC, the collaboration between the two vendors is aimed at reducing operational risks within the processing of syndicated loans by the introduction of standard, unique...
ISITC Working Group Releases Reference Data Best Practices for SSIs
The International Securities Association for Institutional Trade Communication (ISITC) market practice group on reference data has released a set of new market practices, which it says will be up for discussion at its next industry forum in March. The focus of the new recommendations is on custodian and broker standing settlement instructions (SSI) data and...
Bankers Almanac Re-launches Due Diligence Repository with Wider Coverage and Enhanced Audit Processes
Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository, with added data coverage and enhanced audit processes aimed at reducing the need for re-checking of documentation. The vendor indicates the new additions have been developed with the assistance of industry practitioners from the Wolfsberg Group and the member banks...