Swift Renames Second Edition of ISO 15022 Standard
To avoid confusion, Swift plans to rename its planned second edition of the ISO 15022 messaging standard, which is used in many corporate actions and other financial applications. The new edition – which will be offered alongside the original – will be called UNIFI (for Universal Financial Industry messaging scheme) and will be designated a...
Raft International Names Millar to Head U.K. Operations
Raft International, a supplier of risk management software, has appointed David Millar as managing director of its U.K. operations. Millar was most recently an independent consultant, but earlier worked for Logica and Cap Gemini Ernst & Young. At Raft International, Millar’s focus will be on operational and credit risk products.
… As Foster Joins as Vice President of Sales
At the same time, IDS announced Barrett Foster has been appointed as vice president of sales. Foster has spent time at Brown Brothers Harriman, NBD First Chicago, Credit Lyonnais and Thomson Financial’s Investext Group.
MDDL: Bearing the Reference Data Standard By James Hartley, Chief Technologist, SIIA/FISD.
Just as the World Wide Web is maturing and the capabilities of Web Services are evolving, so are the data and application standards that use these tools. The Market Data Definition Language (MDDL) is the emerging eXtensible Markup Language (XML)-based standard for reference data. The financial services industry finds itself grappling with the fiscal need...
RDUG Lists Executive Committee Membership
In its latest update to members, the Reference Data User Group (RDUG) listed the membership of its executive commitee, which comprises 12 executives involved in the reference data area. They are: Alan Plom (chairman), Gartmore Investment Management; Anthony Kirby (secretary), Deutsche Borse; Iman Szeto, Northern Trust; Stuart McKinlay, State Street; Michael Atkin, Reference Data Coalition...
FISD’s Atkin Sets Landscape for Data Standards Initiatives
In his update to the London reference data community earlier this month, Financial Information Services Division (FISD) director Mike Atkin took the opportunity to outline the group’s position on standards. As always seems to be the case with standards, he lamented the fact there are too many of them. But he also cut through the...
FISD to Brief London Community On REDAC/RDUG Progress
The Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) will use its forthcoming meeting in London on September 3 to inform members of its considerable recent activities in the reference data space. Among the main topics for discussion will be recent white papers relating to its work as manager of...
RDUG’s Legal Identity Identifier Proposal in Review Process
The draft definition for a proposed Legal Entity Identifier (LEI) code has this month been passed to Swift as the next stage in its development towards becoming an industry standard. It is also being considered for adoption into the next release of the FIX protocol, and the U.K. Financial Services Authority is considering endorsing it....
Industry Groups RDUG, Redac Talk Of Merger
The two reference data industry groups – the US-based Reference Data Coalition (Redac) and the European Reference Data Users Group (RDUG) – are close to finalising details of how to merge their activities”. With the focus of both groups in the same area, it would seem a logical step to merge the efforts, providing the...
RDUG Opens Doors To Vendors As Reuters Scales Back STP Programme
The Reference Data Users Group is opening its doors to more vendor participation, moving away from the perception that it is a Reuters-led organization. In large part this is due to Reuters abandoning its high profile STP Programme and with it the team led by RDUG figurehead Tony Kirby. Despite leaving Reuters, Kirby is still...