Thomson Hints At Reference Data Activities with Portia News
Thomson Financial, while owner of many valuable data properties, has not to date jumped into marketing its services in the reference data space. News from its Portia portfolio management and accounting system’s division, however, made mention of new modules and enhancements in the works that hint at increased activity in this space. Modules being planned...
Telekurs Financial Links VDF with CSK’s X-Gen Software
Telekurs Financial has added to its list of applications software partners in a new deal with existing partner CSK Software. The latest deal provides integration between Telekurs Financial’s Valordata Feed (VDF), offering master and event data, as well as international securities pricing, and CSK’s X-Gen business automation and integration software. Says Telekurs U.K. chief Beat...
Outsourced Data Management Services: Will This Be the Year? By Tim Lind, Senior Analyst, Investment Management, TowerGroup
Although discussions surrounding the economics of outsourcing have only increased over the past three years, creating inertia in the securities industry for business process outsourcing has been a frustrating experience. Entrenched attitudes take time to change, and outsourcing decisions continue to be driven more by political considerations than by the bottom line. The biggest hurdle...
FTI StreetEnterprise Release 6.3 Upgrades StreetReference, Actions
Financial Technologies International’s release last month of the latest edition of its StreetEnterprise securities processing solution features substantial upgrades to both its StreetReference reference data module and StreetActions corporate actions automation platform. According to FTI, the new release – version 6.3 – refines the StreetReference module “to improve the quality of data received from vendors.”...
Reuters’ Enterprise Data Unit Is Bright Spot in Interim Results
Reuters’ Enterprise Information Products group – home to its DataScope valuations data suite – posted a 30% rise in revenue for the first half of 2004, proving the brightest spot within the company’s set of interim results, which showed a drop in overall revenues for the second quarter.
National Bank Financial Opts for Accurate Software NXG
National Bank Financial, the investment banking subsidiary of National Bank of Canada, and its NBCN Clearing unit have selected Accurate Software’s NXG operational risk management suite to extend automation of their back-office systems. National Bank Financial was seeking a single platform for handling its trade reconciliations process and reduce operational risk.
GSTPA Technology Assets to Be Auctioned Off Next Month
The technology assets of the failed GSTPA post-trade processing consortium are to be auctioned by liquidators in Switzerland on September 10. The auction will be handled by Buergi & Naegeli, and interested parties are invited to contact the firm’s Zurich offices. Developers of centralized trade processing utilities, including Financial Models Co., Omgeo and SunGard have...
SunGard Forms Enterprise Unit To Develop Former Fame Business
Following its acquisition earlier this year of Fame Information Services, SunGard has unveiled a new corporate structure in the reference and market data area to accommodate its activities in securities administration and pricing services. The company has created a new group, SunGard Data Management Solutions, formed by the merger of Fame and SunGard Market Data...
Asset Control Wins Citadel Hedge Fund Contract
Alternative investments hedge fund Citadel Investment Group has selected AC Plus from Dutch reference data management specialist Asset Control to centralize management of its securities data. The deal is an important one for Asset Control since Citadel has agreed to work with the company on further enhancements to its product suite, with Citadel’s hedge fund...
Eagle Investment Systems Wins Alberta Investment Manager
Eagle Investment Systems announced a contract with Alberta Investment Management, the Province of Alberta’s investment management department, with C$40 billion under management. AIM has implemented the EaglePace data hub and portfolio management system for all asset classes, including equities, bonds and derivatives. Separately, Eagle has released version 6.0 of its suite of investment management solutions,...