Solid Reference Data a Prerequisite For Liquidity Management Success
If you thought the heady world of automated trading, dark pools and liquidity fragmentation under MiFID and RegNMS had little effect on the humble reference data function, then you thought wrong, it seems. A recent research note from analyst Tabb Group identifies a growing need for sell side firms to establish comprehensive liquidity management functions,...
Lack of Standard IDs Constrains OTC Equity Derivatives Growth
Where do we go from here? This is the question posed in a recent paper from analyst Aite Group, exploring trends in OTC equity derivatives. OTC equity derivative growth has been steadily increasing – the market grew by a year over year rate of 32 per cent as of June 2006, according to the International...
AIM Survey Charts 15022 Progress and Outsourcing Trend
The reference data management industry has moved into the limelight and can no longer be viewed as a niche market. So suggest the findings of AIM Software’s third Global Data and Risk Management Survey. The wide ranging research, based on responses from 1027 financial institutions in 77 countries, finds that 28 per cent of firms...
EDM Council Taps Institutions For Membership Fees For 2007
In a move that may go some way towards countering criticism that its vendor-funded status stands in the way of its ability to establish industry standards for enterprise data management, the EDM Council is beginning a planned shift from a vendor-funded model to a membership model. Its base of vendor sponsors is already expanding. BearingPoint...
Industry Groups Tailor Reference Data Standards Efforts to MiFID
The Reference Data Subject Group (RDSG) of the MiFID Joint Working Group is spearheading efforts to make entity and instrument identification standards a reality in time to ensure industry readiness for MiFID. A body of analytical work that began at the end of July is scheduled to be completed before year end. The RDSG produced...
Fundtech Hitches Up to Swift’s New Closed User Group Category
Fundtech has shown its support for Swift’s new Corporate Access programme with its participation in Swift’s Member Administered Closed User Group (MA-CUG) model. The programme, aimed at encouraging corporates onto the Swift network, offers standard access to third-party services, in turn offering third-party providers access to Swift’s network of bank and corporate customers.
Swift to Accept Isda’s FpML Messages on Swiftnet
Swift and the International Swaps and Derivatives Association (Isda) are to create a Swift Closed User Group for transporting Isda’s Financial Products Markup Language (FpML) messages over Swiftnet by year-end.
ADP Wilco Adds ISO 20022-Based Swiftnet Funds Messages
ADP Wilco has introduced ISO 20022 Swiftnet Funds messaging through its Swift Service Bureau. The company developed the capability to meet the requirements of Luxembourg-based Volker Wombacher. ADP plans to expand the range of Swiftnet services available through its service bureau.
Cicada Upgrades Profiler Platform
Cicada has upgraded Cicada Profiler software, adding improved capabilities to meet firms’ anti-money laundering and know your customer compliance needs. Release 1.1 of Cicada Profiler introduces an ownership checklist that can trigger collection of corporate ownership data, for example, based on customer type. The new version supports different types of ownership definitions and supports one-to-many...
EDM Council’s Atkin Seeks To Elevate Industry Discussions
Freshly installed as managing director of the Enterprise Data Management Council, former FISD chief Mike Atkin says he’s embarked on a programme to raise the level of discussion of enterprise data issues within the industry, kicking off with council meetings in New York and, this month, London. Atkin reckons the industry is at the stage...