Cadis Clients Push Reuters Real-time Data Through EDM Platform
Cadis, a global EDM specialist, has clients pushing fully audited real-time data through its platform. With real-time feeds such as Reuters RMDS already successfully integrated into its EDM suite, Cadis clients are among the few to successfully validate, cleanse and audit their real-time data. “Most firms still push multiple raw real-time data feeds straight into...
Appetite for Outsourcing has Risen to Due to Concern About Regulation and Reputational Risk, Says MoneyMate’s Brennan
Despite the fear of outsourcing that has dominated the financial services community over the last few years, firms are now increasingly open to discussions about the subject, according to recent research by buy side focused, data quality management solution vendor MoneyMate. The majority of the 40 US and UK-based investment managers involved in the vendor’s...
MoneyMate Survey Reveals Buy Side Demand for Automation and Outsourcing of Data Management Processes
MoneyMate, a provider of investment data quality management solutions, today announced the results of a survey focused on the data management issues and challenges facing the asset management community today. Fifty percent of survey respondents indicated that manual processes are the greatest challenge in bringing their product data to market. Other challenges include timeliness (37.5%...
LakeFront Data’s Richards Joins First Derivatives as President of its US Operations
Earlier this year, First Derivatives bought Reference Data Factory (RDF) for around US$10 million and Dale Richards, CEO of LakeFront Data Ventures and board member of RDF, joined the advisory board of the market data and risk management focused solution provider. Richards, who has since taken a back seat at his own start-up LakeFront Data...
ReformIS Graduates First from Cadis Centre for Excellence
Global EDM specialist Cadis has certified the first graduates of its Centre of Excellence. ReformIS, an information systems consultancy and Cadis official partner, has cemented its expertise and successfully put its key consultants through the five-day certification course. 50 further candidates from multiple institutions are also already signed up for future courses. “Across our asset...
Six Further Jurisdictions to Join IOSCO’s Fight Against Cross Border Securities Market Misconduct
The International Organisation of Securities Commissions (IOSCO) has today announced that six further securities regulatory authorities have been invited to become full signatories of the IOSCO Multilateral Memorandum of Understanding concerning Consultation, Cooperation and the Exchange of Information (MMoU). This follows the acceptance of the current IOSCO members from South Korea and Uruguay as full...
RBC Dexia Selects BCS Arc to Enhance Network Management Control
Business Control Solutions (BCS), provider of management consultancy services and financial control software to the financial services sector, today announced that RBC Dexia Investor Services, has selected BCS Arc to centralise and reconcile its agent network management data. The solution is due to go live in July this year. Prior to selecting BCS Arc, RBC...
BIS Working Paper Highlights the Challenges in Data Aggregation for Systemic Risk Monitoring
The current regulatory focus on improving the monitoring of systemic risk at a global level is certainly a laudable aim, but the practical reality of drawing together a unified database that provides risk exposure data at an industry wide level is easier said than done. A recent Bank for International Settlements (BIS) working paper, written...
IOSCO Publishes Principles on Cross Border Supervisory Cooperation, Including Proactive Data Sharing Requirements
The International Organisation of Securities Commissions (IOSCO) has published a set of Principles Regarding Cross-Border Supervisory Cooperation developed by its Technical Committee’s Task Force on Supervisory Cooperation, which recommends a more proactive approach to data sharing between regulators. The recommendations include the ability for regulators to obtain information from third party jurisdictions at will in...
EDM Council Marks Milestones in Membership and Data Management Maturity
The Enterprise Data Management Council, a not-for-profit business forum created by the financial industry to address the issues and challenges associated with managing data content as a business and operational priority, today announced that it had reached a membership milestone of 50 member companies with the addition of nine new members in 2010. The rapid...