AWD Connects Email Capture and BPM
With AWD, the industry-leading business process management (BPM) solution from DST Technologies, companies can now automatically capture incoming email and initiate processing without custom code. Unlike alternative BPM solutions, AWD delivers out-of-the-box integration for inbound email. AWD can identify email by subject, parse data from within the message, determine the work required, prioritise and route...
Markit to Provide First CFD Trade Reporting System to Saxo Bank
Markit, a leading, global financial information services company, today announced that Saxo Bank, the online trading and investment specialist, will begin to report its contract for difference (CFD) trades via Markit BOAT, the trade reporting platform, in September 2011. Saxo Bank will become the first financial institution to report its CFDs on Single Stock trades...
Safer Data Handling Tops Boardroom Agenda In The Age Of The Mobile Device
Thomson Reuters Governance, Risk and Compliance, announced today that it is launching BoardLink, a secure portal for the online exchange and execution of board business, such as compiling and sharing board books, to companies in Europe, the Middle East and Africa. Companies around the globe face increasing challenges when it comes to handling sensitive data,...
SEC Publishes 517 Pages of Proposed Rules for Ratings Sector, More Data Transparency is on the Cards
At the end of last month, the Securities and Exchange Commission (SEC) published a 517 page document that details a whole host of new requirements for ratings agencies and those that use ratings in their day to day operations (ergo most of the market). The paper adds to the regulator’s recent investigation into he feasibility...
Translation Fears Mount Over KIID Documents
Legal, translation and reporting specialists have voiced fears over the burden for fund promoters under UCITS IV. Among the important legal, workflow and production challenges in meeting the KIID (Key Investor Information Documents) requirements to be implemented in July, fund managers that wish to ‘passport’ UCITS funds into other EU states will have to translate...
AIFM Level 1 Directive Still Not Fit for Purpose in Spite of Delay, say Kinetic Partners
Level 1 of the AIFM Directive, which was due to be published in Q1 2011, was finally published by the EU on 27th May. It was hoped that the delay was an indication of the level of improvements that were needed and that the final published text would have addressed all the deficiencies present in...
ISDA Releases 2011 Operations Benchmarking Survey Results
The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of its 2011 Operations Benchmarking Survey. This publication includes results from G14 respondents as of year-end 2010, and follows the release of survey highlights at ISDA’s 26th Annual General meeting in April. The survey notes the continuing decrease in confirmations outstanding, particularly among...
CFTC Plans 8 June Roundtable to Discuss Instrument Identification Standards
In keeping with its push to keep data standardisation high on the industry agenda and the establishment of a new regulator subcommittee on the subject earlier this month, the Commodity Futures Trading Commission (CFTC) has indicated that it will be conducting a public roundtable on 8 June to discuss the technical aspects of the introduction...
BVI’s Siebel Elaborates on Why EC’s Current Agreement with S&P on US ISINs Could Hold Back Systemic Risk Monitoring Efforts
If further action is not taken with regards to ensuring the licensing issues around Standard & Poor’s US ISIN practices for European firms are tackled (as well as the pricing issues) then regulators may be held back in their systemic risk monitoring activities, according to Rudolf Siebel, managing director who is responsible for legal and...
S&P’s Purcell Discusses the European Commission’s Ruling Regarding US ISIN Pricing Practices
Given the industry debate that has been sparked by the European Commission’s agreement with Standard & Poor’s for the vendor’s Cusip Global Services (CGS) business to cut the fee it charges European customers to receive ISINs for US securities, Reference Data Review catches up with Darren Purcell, European director for CGS, to find out the vendor’s perspective....