Wells Fargo Adopts I-flex Reveleus Data Structures
Wells Fargo has implemented a platform from i-flex’s Reveleus unit to support its credit capital calculation application in order to meet its Basel II requirements. Underlying the platform is a set of data structures, business rules, computations and definitions that is expected to help the U.S. bank comply with the advanced internal ratings-based approach of...
Reference Data Spending to Continue at Highs for Two Years
Rest assured. The boom years aren’t over yet. Financial institutions will continue their high rate of spending on reference data projects for the next two years as drivers such as operational risk and regulation continue to force firms to clean up their data acts. That’s the conclusion of a new survey from TowerGroup, which said...
BNP Picks Xyleme for Derivatives Data Management
BNP Paribas has selected Xyleme Inc. to provide data management for the bank’s derivatives operations. The big French bank will use Xyleme’s XML-based platform to integrate trade data for reporting of profitability of specific financial instruments or client risk exposure.
TAP Solutions Releases TAPMaster On Demand
TAP Solutions has released the TAPMaster On Demand web service, an add-on module to its core data management platform that provides a link between its standardized data and a client’s proprietary or non-standard systems and software without the need for development staff. Queries go through the web service and provide ‘read only’ data so administrators...
Aegon Asset Management Taps Citadel Cadis for Data Platform
Aegon Asset Management UK Ltd. has implemented Citadel Associates’ Cadis Data Management Platform (DMP). The Scotland-based investment management firm will use DMP in support of its outsourced securities administration and fund accounting functions, which are handled by Citigroup’s Global Transaction Services group, as well as for its own core business activities. Cadis now supplies Aegon...
DTCC Plans Data Repository for Credit Derivatives Trade Information
Stop Press: The Depository Trust & Clearing Corp. (DTCC) has unveiled plans to create a single data repository for trade data covering over-the-counter derivatives transactions. The proposed utility would become a central industry trade information warehouse, containing the golden copy of each OTC derivative trade, with an initial focus on credit derivatives. Access to the...
Standard & Poor’s Unveils Compustat Xpressfeed Loader Library
Standard & Poor’s has introduced Compustat Xpressfeed Loader Library, which enhances users’ ability to query, view and manipulate Compustat’s fundamental data within the basic Xpressfeed feed. The Library is available when using the Compustat Xpressfeed Loader platform and is delivered as a set of 35 database-stored procedures, functions and views. The resources in the Library...
Convexity Adopts Asset Control’s AC Plus as Starter Pack
Newly launched hedge fund Convexity Capital Management’s selection of Asset Control’s AC Plus platform is aimed at setting in place a reference data infrastructure that to underpin the fund’s expansion into new areas of business. Convexity implemented AC Plus in under two days, and is using the system as its central repository in support of...
Baer, Winterflood Pick ValueLink For Price Data Management
Julius Baer Investment Ltd. (JBIL), an investment management arm of the Swiss bank specializing in fixed-income securities, has selected ValueLink Information Services to provide daily pricing collection for its closing portfolio valuations. Meanwhile, Winterflood Securities has said it will use ValueLink’s Shares in Issue service, which provides data validation of third-party feeds. At JBIL, ValueLink...
Barclays Global Investors Sets Asset Control At Centre of Global Reference Data Repository
Barclays Global Investors’ selection of Asset Control’s AC Plus for a planned central data repository marks the fruition of a year of research and evaluations to create a global platform for reference data and time-series data management. BGI will kick off its global implementation in January, with the platform – covering both equities and fixed-income...