Deutsche Börse Closes Azdex Deal, Signals Intent in Reference Data
As we’ve previously reported (Reference Data Review, July 2005), Deutsche Börse has now closed the deal to acquire a 51% stake in Azdex, the business entity data and services supplier run by Ken Price. The deal highlights Deutsche Börse’s growing intention to become a player in the reference data space. Although the purchase price was...
Reuters Datascope Deal with Odyssey
Reuters has secured another partner software provider in Odyssey Asset Management Systems for its Datascope reference data service. The data will be made available as an optional packaged adaptor via Odyssey’s Triple’A portfolio management system, its Advisor relationship management system and Nexus, its centralised repository for financial data.
Citadel Becomes Charter Client For Accenture Outsourced MRDS
After much speculation, Accenture has revealed its first client for its Managed Reference Data Service (MRDS) outsourcing solution in hedge fund Citadel Investment Group. Additional clients are expected to follow in the coming months. Citadel, with $12 billion under management, has signed a 10-year agreement to outsource “key aspects” of its data management processes. This...
Swift’s Data Distribution Initiative Gains Impetus As FTID Commits to Adding Reference Data
Swift’s ongoing upgrade of its Swiftnet data distribution initiative, from an exploratory toe in the water to a major strategic activity is beginning to reap rewards. Just days ahead of Swift’s Sibos event in Copenhagen September 5-9, FT Interactive Data has gone live with its ISO 15022-based corporate actions data via Swiftnet and has committed...
… While Telekurs Outsources Data Input to Capgemini in India
Meanwhile Telekurs Financial has opted to outsource the management of a data input center in India for financial information to Capgemini Schweiz. The three-year deal does not appear to impact any existing data centers, but is aimed at “Giving us flexibility in manpower increases together with very good cost efficiency,” said Eugen Niesper, chief executive...
Asset Control Enhances Data Management in Version 6.0
Asset Control has released version 6.0 of its AC Server, the core of its data management solutions. The new server provides “significant performance improvements and enhancements” resulting from new features. These features include clustering, to help avoid single points of failure, increased flexibility to create fault-tolerant architectures, and 64-bit support, enabling faster and more efficient...
FactSet Acquires Fixed Income Software Provider Derivative Solutions
FactSet Research Systems has acquired all the outstanding capital stock of Derivative Solutions for $42.5 million in cash and approximately $11 million in shares, totalling around $53.5 million. This is 5.4 times the company’s revenues in 2004, and about four times anticipated 2005 revenues. Derivative Solutions, founded in 1991, provides fixed income analytics, portfolio management,...
AIM Expands to U.S. Market With New Subsidiary
Austria-based AIM Software has established a new subsidiary in the U.S. in order to sell its reference data and risk management solutions directly to clients in the U.S. The subsidiary will also provide better support for the U.S. subsidiaries of around 80 institutions that already use the vendors’ Gain software. AIM has partnered with New...
Bloomberg Adds Muni Bond Data In Expanded Deal with S&P
Further improving on its strengths in the bond data arena, Bloomberg has expanded its relationship with Standard & Poor’s Securities Evaluations group. The deal adds Standard & Poor’s municipal bond pricing, Municipal Benchmark Yield Curves and Municipal Total Return Index to the Bloomberg Professional service. For Standard & Poor’s, the agreement opens up the distribution...
What’s new about the importance of reference data? Not so much as is touted. By Maryann Houglet, Director of Strategic Consulting, A-Team Group
A recent industry periodical spoke of data as “ubiquitous”… touching all corners of an enterprise and becoming the lifeblood of an organization.” Having spent my 25-year career at various securities data vendors, there’s nothing new here. Data has always driven investment decisions, transaction processing, back office operations, securities administration, accounting, compliance, reporting and so on....