Analysis: Has Data Management Outsourcing Lost Its Steam?
The zeal for providing outsourced reference data management solutions that we witnessed this time last year appears to have lost steam, with several of the larger supplier firms admitting that take-up is slower than expected, and some vendors shifting the focus of their efforts. Major players, such as Accenture, SunGard, IBM, and Capco – all...
Jordan & Jordan Unveils Reference Data Testing Kit
Jordan & Jordan (J&J), a New York-headquartered management and infor-mation technology consulting firm, has introduced a so-called Reference Data Testing Framework (RDTF) and will offer it to clients as part of its reference data consulting services. Developed by J&J over the past two years, RDTF is a customizable framework and set of tools that address...
Reuters Targets Hedge Funds, Adds Lipper to DataScope Select
Reuters plans to integrate the hedge fund data of its Lipper subsidiary into the DataScope Select delivery system. The move marks a significant advance in Reuters’ stated aim of targeting the hedge fund marketplace, which it sees as an area of major potential growth. The addition of the Lipper Tass Hedge Fund Database to DataScope...
CB.Net Sets Outsourced Service For Payments Data Management
London-based provider of descriptive data for the bank payments area, CB.Net, has introduced an outsourced payments reference data service. The new CB.Net Payments Reference Data Service (PRDS) will effectively allow financial institutions to outsource management of their payments data, offloading to CB.Net such functions as sourcing, verifying, validating and normalizing for data required for international...
Goldensource Powers IBM’s Back Office Services as Part of Revitalisation Program
Lending credence to its ‘Powered by’ concept, Goldensource has secured IBM Canada as a client for its data management platform to underpin IBM’s back office processing software. IBM’s Securities Industry Service (SIS) division will be using the platform to support its range of brokerage processing applications and services as it kicks off its ‘Revitalisation Program’,...
TheMuniCenter Picks FT Interactive Data For Reference Data
TheMuniCenter will utilize FT Interactive Data’s Securities Information Retrieval Service (SIRS) as the primary source of reference data for its electronic fixed income trading marketplace. Clients of TheMuniCenter will now be able to access a wide range of fixed income securities, including U.S. government, municipal and corporate bonds. The new service will also be leveraged...
Soliton Adds Capital IQ for Joho Capital
Data management provider Soliton has added company financial data from Capital IQ to its TimeSquare platform implementation at New York-based hedge fund Joho Capital. Capital IQ, now owned by Standard & Poor’s, combines private and public capital market data and technology. Its reported and adjusted company financial data has been integrated by Soliton’s TimeSquare into...
Wachovia Expands Use of AC Plus To Boost Risk Data Quality
Wachovia Corp. has once again expanded its use of Asset Control’s AC Plus data management platform to boost the capabilities of its internal risk management function. Wachovia originally implemented AC Plus in its risk management operation in 2004 (Reference Data Review, January 2005) and subsequently extended its use to other areas of the enterprise as...
Reuters’ Reference Feed Sales Hit $100m Annually As FTID Posts $90m in Revenues for 1st Period
Reuters’ annual revenue run rate for reference data feeds is approaching $100 million. The figure represents a quadrupling of $25 million annualized sales rate of a couple of years ago. While Reuters doesn’t officially break out figures for its reference feed business – instead including the data within its enterprise information segment, which also includes...
Telekurs’ Reference Data Via Gain Chosen by Lava Trading
Reference data is reaching all aspects of the trade lifecycle, and transaction engines are a fast-growing consumer. This was most recently demonstrated by Lava Trading’s recent adoption of AIM’s data management platform in order to incorporate Telekurs Financial’s data into its transaction engine. New York-based Lava Trading, now owned by Citigroup (see sister newsletter Transaction...