Taylor Discusses Why LCH.Clearnet Has Invested in its Data Architecture
UK-based clearer LCH.Clearnet is mid-way through a significant project to revamp its internal data architecture, according to Martin Taylor, group chief information officer at the clearer. Taylor told attendees to last week’s Thomson Reuters organised data management roundtable that the clearer is six months into a project that will deliver a more standardised approach to...
Paying Lip Service to Data Quality is on its Way Out, Says Deutsche Bank’s Fletcher
The days of paying mere lip service to the goal of improving data quality and living with “spaghetti-like” data infrastructures are soon to be gone, said Deutsche Bank’s head of reference data services, Neil Fletcher, to those in attendance at last week’s Thomson Reuters event. His own firm is much more aware of the importance...
Thomson Reuters’ Robson Highlights Rise of CDO and Regulatory Focus on Data
Data’s position as a critically important subject in the financial markets has finally been recognised by both the regulatory community and the industry at large, said Jon Robson, president of Thomson Reuters’ Enterprise division, to attendees to the vendor’s data roundtable event in London earlier this week. “The financial markets are all about content and...
Huge Number of Ad Hoc Regulatory Requests is Adding to the Data Challenge, Says BarCap’s Bhattacharjee
Financial services firms are being faced with a huge number of on the hoof ad hoc reporting requirements from the regulatory community and this is putting significant pressure on their data infrastructures, said Kris Bhattacharjee, global head of regulatory policy and reporting at Barclays Capital. He explained to attendees to Thomson Reuters’ roundtable earlier this...
Innovation Beats Regulation
By Penny Davenport, managing director, and Lansing Gatrell, director, Markit Document Exchange, Markit Group 2010 has carried on where 2009 left off with the spectre of regulation hanging over the financial markets. At the same time, government continues to get bigger, in education and healthcare as well as financial markets, in both the United States...
Thomson Reuters, Interactive Data 2009 Results Give Cause for Optimism in 2010
The market and reference data industry’s two largest publicly listed players – Interactive Data and Thomson Reuters – posted 2009 results last week whose resilience gave some cause for optimism. While neither set the world on fire, neither was expected to, given the ongoing weakness in the overall market, whose ‘recovery’ continues to be muted...
Interactive Data Achieves Full-Year 2009 Targets for Revenue, Income from Operations and Net Income
Interactive Data Corporation today reported its financial results for the fourth quarter and full year ended December 31, 2009. Interactive Data’s fourth-quarter 2009 revenue of $194.1 million was unchanged from the fourth quarter of 2008. Income from operations in the fourth quarter of 2009 was $50.4 million, an 11.7% decrease from $57.1 million in the...
Does the Industry Want or Need a New Data Standards Body or Data Tsar?
Last week’s reference data conference in London threw up a few interesting ideas with regards to leading the charge for reference data standardisation in the market, not least of which was the creation of a new standards focused body. In addition to a senior level data representative on the board of every financial institution, speakers...
UniCredit Develops Data Esperanto to Map End User Data Sets Across Group
Italian banking group UniCredit is currently focused on extending the coverage of its data warehouse, which was rolled out in 2004, beyond accounting and regulatory reporting related data items to other reference data items, says Alberto Ricciotti, head of group pricing at the bank. A key success factor in this process has been in the...
Standard Bank Establishes Data Governance Board, Puts Data Management on Agenda
South Africa’s Standard Bank is at the start of its data management journey and has recently set up a data governance board to focus on the pertinent issues, according to Andy Simpson, head of international reference data at the bank. The reference data management function is now part of the bank’s operations team and although...