Deutsche Borse Mulls Offering Reference Data Services
Fresh from its acquisition of Clearstream International, Deutsche Borse is considering launching a reference data service to complement its planned corporate actions and new-issue data services. These latter two services will be offered to vendor redistributors, some of which are currently testing the service for German and Luxembourg equities and fixed-income instruments. Deutsche Borse hopes...
Thomson Financial Upgrades Datastream Infrastructure
Thomson Financial has implemented an IBM Z990 mainframe to boost capacity of its Thomson Datastream historical database. The upgrade has increased capacity by 35%, offering clients faster response times. Additionally, Thomson has introduced Internet access to Datastream data using the Point-to-Point Tunneling Protocol (PPTP). Thomson says German retail bank Nassauische Sparkasse has signed up to...
Capco Purchase of Iverson Financial Yields Data Platform, Outsourced Management
Capco’s acquisition of California-based data management specialist Iverson Financial Systems last month gives the business services provider both a viable outsourcing solution and a platform product upon which to base its continuing push into the reference data marketplace. The deal appears to be a logical step toward establishing a product approach to complement Capco’s heretofore...
Bank Austria Creditanstalt Licenses Fitch Risk’s OpVantage First Database for Operational Risk
Bank Austria Creditanstalt has subscribed to Fitch Risk’s OpVantage financial institutions risk scenario (First) trend database. First contains 4,500 case studies of operational risk loss events. It is aimed to helping financial services firms to determine and manage their exposures. BCCA plans to use First in its self-assessment process for operational risk. Fitch Risk is...
Capco Gets $15 Million Funding For Reference Data Solutions
Capco, which famously split last year from its Synetix reference data joint venture with Reuters, has secured $15 million of funding. The deal has been done with existing investors, including Thomas Weisel Capital Partners, which is in for $10 million, Capco Foundation, Edgewater Private Equity Fund, GIMV, Hewlett-Packard and LJH Private Capital. Capco says the...
Tabb Group Report Cites Critical Role of Reference Data
Underscoring A-Team Consulting’s own research in this area, Tabb Group’s new report on the future of trading-related technology, points to reference data’s critical role in achieving the much-vaunted goal of straight-through-processing. Tabb describes external STP as “moribund” post September 11 and the demise of the GSTPA. However, the report – published last month and entitled...
IBM Gets Serious About Reference Data Through Purchase of Dresdner Platform, Outsourcing Deal
IBM’s deal last month with Dresdner Bank of Germany seems to give some teeth to the IT services company’s approach to reference data management after talking about the segment for quite some time. The agreement also gives IBM a pricing database and management tool for risk and regulatory reporting – code-named Project Greenwich – to...
FIMA Event Delivers on Promise of Broad View of Reference Data
The Financial Information Management conference (FIMA 2003) held in London at the beginning of this month held much promise for executives anxious to learn about the intricacies of reference data and the benefits of its application. It didn’t disappoint. Speakers from ABN Amro, Barclays Capital, Robeco Asset Management, Merrill Lynch, the U.K. Financial Services Association...
Rabobank Adopts Xenomorph’s TimeScape for Risk Data Platform
Rabobank of the Netherlands is upgrading the data management infrastructure used to support the risk operations of its Rabobank International unit, Netherlands. The big Dutch bank – long a user of U.K. data management system supplier Xenomorph’s Data Analysis & Integration System (XDAIS) – is implementing the vendor’s new TimeScape platform, which offers substantial functional...
Swift Outlines Calendar for Market Data Vendor Category
Following its launch of a pilot for market data suppliers to offer their services via its network, Swift has outlined the timeline for the proposed adoption of a new participant category for these vendors. Speaking at the Sixth Annual Conference on Corporate Actions Processing in New York last month, Swift partner solutions business manager Linda...