State Street, SSISearch to Offer Standard Access to SSI Data
State Street Corp.’s State Street Global Markets trading arm has teamed up with SSISearch to offer a so-called open industry standard for standard settlement instructions and other settlement information. The move brings State Street and SSISearch into the currently underserved area of standard settlement instructions, which has seen several industry initiatives take flight, but none...
Azdex Offers Not-for-Profit Access To Utility for Entity Identification
Counterparty data utility Azdex, backed by its 51% owner Deutsche Boerse, has put itself forward as a potential not-for-profit facilitator to help financial institutions meet the requirements for handling entity identifiers ahead of the deadline for MiFID, the EU’s Markets in Financial Instruments Directive. According to Azdex CEO Ken Price, the company is not seeking...
Cicada Profiler, CounterpartyLink Target KYC, Patriot, AML Clients
Cicada Cos. has added new functionality within its Reference Data Management Suite to help companies comply with the due diligence requirements of upcoming regulations including the U.K. Financial Services Authority’s ‘Know Your Customer’ framework and the U.S. Patriot Act. The company is also the first adopter of a recently upgraded version of sister company CouterpartyLink’s...
StatPro to Resell Capco Reference Data Service’s Global Index Monitor
StatPro, a portfolio analystics solutions provider, is now a reseller of Capco Reference Data Service’s Global Index Monitor (GIM), a source of cleansed global index composition data provided in a single standardized file. GIM, acquired by Capco through its purchase of Iverson Financial, will be provided as part of StatPro’s Performance & Attribution (SPA) product,...
Two New Corporate Bond Indices Launched to Increase Transparency
The National Association of Securities Dealer (NASD) and Bloomberg are jointly launching two new corporate bond indices: the NASD-Bloomberg Active Investment Grade U.S. Corporate Bond Index and the NASD-Bloomberg Active High Yield U.S. Corporate Bond Index. Both are generated solely from transactions prices of actively traded bonds as opposed to quotes or estimated prices. Index...
AIM Gets Into Corporate Actions
AIM Software has introduced a new module to manage corporate actions data within its GAIN data management platform. The Gain Corporate Actions Dairy System (CADS) will manage corporate actions data delivered in ISO 15022 or other formats. The data will be sourced from a variety of providers including Swift, Telekurs Financial, Reuters, FT Interactive Data,...
London Stock Exchange Enters Counterparty Service Pilot Tests
The London Stock Exchange is entering pilot testing of a new counterparty data matching and cleansing service, in a bid to further expand its reference data services. Though the Exchange has not yet officially announced the development as it aims to validate the space and its product first, Reference Data Review understands that it demonstrated...
Capco Introduces Dividend Forecasts to Global Index Monitor
Capco Reference Data Services is expanding its Global Index Monitor product, acquired through the purchase of Iverson Financial to include dividend forecasts. The new data, branded Global DivCast, will be available in the fourth quarter of this year. It is being positioned as a centralised source of dividend data providing current and accurate dividend projections...
CounterpartyLink Introduces Full Product; Enters New Distribution Deal with GoldenSource
Following its soft launch in February CounterpartyLink has officially launched a full version of its data service. The official launch includes full functionality, replacing the previous sample data the company has relied upon. The vendor has also entered a new third-party distribution deal with enterprise data management company GoldenSource. This is part of its strategy to...
Credit Suisse First Boston’s Data Group Define Processes For Global Entity Data Client
Credit Suisse First Boston’s (CSFB) reference data group has been working to define processes for managing client entity data globally. The project was driven by a decision within CSFB to centralise the client account opening process three years ago, which highlighted the need for a consistent approach to managing the data attributes related to each...