Panic Abates as FSA Says Firms Won’t Have to Use Alternative Code
The UK Financial Services Authority has calmed market practitioners’ fears about the new Alternative Instrument Identifier (AII) for use in identifying some derivative instruments in MiFID transaction reports (Reference Data Review, September 2007) by clarifying that individual firms will not have to use the code for the time being. Rather, reporting entities will just have...
Counterparty Data: Finding its Rightful Place in the Sun at Last, As Revenue Generation Gains Hit Home
Progress with industry-level efforts to create a universal standard for entity identification may be going nowhere fast, but this is not preventing financial institutions from undertaking projects to get their counterparty data in order. As a result, counterparty data is fast losing its reputation as the poor relation of the reference data family. As Mike...
Channel Capital Advisors Opts for Quantifi XL
Quantifi, provider of analytics and risk management solutions to the global credit markets, has sealed a deal with Channel Capital Advisors, creator of Europe’s first Credit Derivative Product Company, for its tool for pricing and analysing structured credit products. “Quantifi’s proven track record and recognised market experience were important factors in our selection process. We...
Broadridge to Target Counterparty Data
Having teamed with GoldenSource and IBM for the initial launch of its global managed reference data solution to provide instrument reference data (Reference Data Review, May 2007) Broadridge Financial Solutions, formerly ADP Brokerage Services Group, is leveraging the expertise and functionality that exists in the GoldenSource product to launch a counterparty data service in Q1...
Reuters DataScope Select Adds Complinet Screening Capability
Complinet has signed a global contract with Reuters that will allow Reuters DataScope Select users to screen selected entities against international sanctions lists, watch lists and other information that can help them comply with counterparty and Know Your Customer regulations. The deal follows the recent tie-in between the two companies that established Complinet as Reuters’...
Swift Picks Avox for BIC1 Cleanup; First Step in Broader BIC/CIVIC Plan
Swift has signed a deal with Deutsche Boerse-owned counterparty data specialist Avox to help it with the process of cleansing its BIC1 code database of so-called ‘unconnected BICs’. The agreement appears to mark the first step in a broad Swift initiative to extend the coverage of its BIC directory and creating BIC-like codes to identify...
Rimes Technologies Adds Russell Global Indexes As a Data Partner
Rimes Technologies, an integrator of financial information services, has added Russell Global Indexes to its portfolio of data partners. This family of global stock indexes, comprising of more than 10,000 securities divided into a family of indexes which cover 22 regions and 63 countries, is now available through Rimes’ integration platform, offering a set of...
Quantifi Achieves Markit Alliance Partner Certification
Quantifi has received Certified Alliance Partner status under Markit’s certification programme. The Markit Alliance certification program was launched earlier on this year to ensure the technical integration of Markit’s data services by third party vendors. Quantifi received this certification after demonstrating that its integration of CDS, CDS Indices, RED (Reference Entity Database) and Tranche data...
Europe Arab Bank Signs with CounterpartyLink for Entity Data
CounterpartyLink has announced a three year, enterprise-wide agreement to provide legal entity data to Europe Arab Bank (EAB) in London. EAB is a new wholly-owned subsidiary of Arab Bank, providing a niche service to European companies and individuals wishing to transact with the MENA region. Philip Hindley, head of compliance at EAB, says the bank...
Capco and Lombardi Team to Provide Best of Breed BPM Offering, Capco Seeks Further Ref Data Partner
Capco and Lombardi , provider of business process management (BPM) suite software and services, have joined forces to strategically market and sell the Teamworks BPM suite as part of Capco’s Client Profile Management (CPM) solution. According to Nick Jackson, partner at Capco, there are many drivers for delivering the joint offering – client demands, regulatory...