Survey Finds Cost, Regulatory Compliance Key Drivers
A recent survey, conducted by Sun Microsystems and Morse, found that cost reduction and regulatory compliance are the key drivers of current business strategy. The findings are in line with those of A-Team’s survey Reference Data Now, commissioned by Reuters and available on their website (http://about.reuters.com/datascope). The Sun survey, conducted among 50 financial institutions, consultants,...
ObjectStore Targets Reference Data with Real-Time Technology
ObjectStore has outlined plans to apply its real-time data processing services to the reference data business. The company, part of Progress Software, provides high performance data management for streaming data and complex event processing and real-time data caching services. It believes that it can implement a data service layer within financial institutions, saving them from...
IDS Uses Evare for Custodian Links, Cleaner Data
To provide higher quality and cleaner data within its hosted portfolio management solution, Integrated Decision Systems (IDS) has chosen Evare to provide custodian interfaces, allowing it to “eliminate the paper and manual data entry,” says Lisa Williams, director of product management, Global Investment Manager at IDS. Evare provides links with global financial institutions for acquiring,...
Reuters Pulls Together Reference Data; Real-Time Feeds for Enterprise Solution
With the growth rates of Reuters Datascope business “turning heads” internally, its manager has now been charged with taking over Reuters’ real-time data feeds business which will be merged with the reference data business under the “Reuters Enterprise Information” banner. The move marks recognition by Reuters of the way its clients are increasingly doing business:...
Morgan Stanley Enters 2nd Phase Of TAP-Based SMS Project
Morgan Stanley & Co. has moved onto the second phase of its plan to install an enterprise-wide securities master service, following the completion of the first part of the project within its retail brokerage operation. The installation – dubbed Securities Master Service (SMS) – makes use of Vancouver-based TAP Solutions’ TAPmaster reference data management platform....
Wachovia Picks Asset Control’s AC Plus for Risk Management
Wachovia Corp. is implementing a data management solution from Asset Control to handle price data for its risk management operations within its corporate investment banking arm. It is envisaged that the data management platform could be extended over time to other groups within Wachovia, including credit products and equity derivatives. Barry Fenwick, divisional information officer...
SmartStream Technologies Signs Up Two Clients for Corona 7.0
SmartStream Technologies has signed up two clients for its new Corona 7.0 reconciliation and exceptions management product. Vseobecna uverova banka (VUB) of the Slovak Republic is implementing the solution to be hosted on VUB’s mainframe in its head office in Bratislava. Citibank Belgium has also recently upgraded to the new product version.
Cicada Launches Next Generation Composer with Workflow Module
Cicada has launched a next generation version of its reference data management solution, adding workflow management to the data management architecture. The new Composer Workplace module aims to provide business analysts with a greater degree of quality control and efficiency through either ‘out of the box’ or customized workflows to facilitate data review processes and...
Telekurs (USA) Bolsters Fixed Income Pricing Data with Bear Stearns PricingDirect
Telekurs Financial has extended it relationship with Bear Stearns PricingDirect to bolster its end-of-day securities pricing data within the U.S. and Canadian markets. Telekurs has previous supplied PricingDirect’s fixed income pricing data to customers in Europe and Asia. Now, following the release of its exclusive distribution deal with Standard & Poor’s, Telekurs (USA) is selling...
DST International Integrates Data Hub With HiRisk Application
As part of its aim to integrate its series of applications with its HiDataWarehouse data hub, DST International has released a new version that integrates with its risk management solution HiRisk (based on its acquisition of Askari). This latest addition means that HiDataWarehouse can act as the data hub for the entire DSTi middle and...