Survey Finds 75% of Firms Plan More Reference Data Automation
The more things change the more they stay the same. This seems to be the overriding message in the results of the second annual AIM Global Data and Risk Management Survey. As with the previous year’s findings, the 2005 survey results showed that financial institutions all over the world are undertaking considerable efforts to deepen...
Soliton Provides 24/7 Support In Outsourced Master File Deal
Soliton Inc. has signed the first round-the-clock client for its managed reference data services offering. The implementation, now live after a three-month evaluation period and three months of training, involves a dedicated Soliton staff handling data cleansing and normalization processes for the investment management division of an as-yet unidentified fund manager in the U.S. According...
J.P. Morgan Adopts Central Reference Data Hub To Support Global Credit Trading Operation
J.P. Morgan Chase is building a business-aligned reference data hub in support of the major reengineering of its credit trading operation onto a single platform. The hub – essentially a central global hub for credit reference data – will commingle corporate data, vendor data and business-specific data into a single, unified service available to all...
Custodian Mellon Dives Into Outsourcing Of Reference Data Management Services
Large custodian Mellon Financial Corp. has previously dipped its toe in the water of reference data manage-ment through its acquisition of Eagle Investment Systems in 2001. Now it is getting ready to dive in with a packaged reference data management outsourcing solution targeted at investment management firms. Brian Buzzelli, IMS product management, reference data, says,...
Bank of America to Expand Use Of Teradata Data Warehouse
Bank of America is expanding its use of Teradata data warehouse in order to address new business initiatives requiring analysis of enterprise information. Teradata, a division of NCR Corp., provides enterprise data warehousing, analytic applications and data warehousing services.
Transformer 2.3 Adds Support for FpML and ICMA TRAX 2005 Libraries
Trace Financial Ltd. has released version 2.3 of its Transformer data integration and message mediation platform. New to this version is support for FpML and ICMA TRAX 2005 message libraries. The new release also offers automatic web service deployment from within the Transformer development environment and a dynamic testing facility, either from files or databases,...
Algorithmics Partners with Banks For Credit Risk Data Initiative
Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will...
Progress Real Time’s DataXtend Provides Data Integrity Capability
Progress Real Time, best known for its software for handling real-time complex event processing particularly in the electronic trading environment, has positioned a new product offering to exploit opportunities in the reference data environment. Progress Real Time this month launched its DataXtend line of infrastructure technologies, comprising a Replication Engine (RE) module and a Caching...
Wachovia Banks on Building Blocks Approach To Support Cohesive Reference Data Strategy
Believing a cohesive reference data strategy will give it a competitive edge as well as improving efficiencies as the Corporate and Investment Banking division grows, Wachovia Corp. last year embarked on a three-year initiative to develop strategic building blocks. The aim is to create a solid foundation, much of which will be supporting reference data,...
HSBC’s Goldensource Rollout Starts Extensive Data Program
HSBC has rolled out the first implementation of the Goldensource Enterprise Data Management platform as part of a far-reaching program initiated by the institution to support its growing Corporate, Investment Banking and Markets (CIBM) division. The implementation sees Goldensource providing the underlying data integration platform to support HSBC’s electronic securities trading platform in its first...