Iverson Pitches ‘Vertical Utility’ For Reference, Index Data
Encouraged by a commissioned survey that indicated firms’ growing interest in outsourcing data management, Iverson Financial Systems is pitching its concept of operating so-called vertical utilities on behalf of clients. Iverson already has three such utilities in operation, having grown the concept from an outsourced solution for equities reference data for a Wall Street firm...
The Interview: Reuters’ Data Trek to the Enterprise
Reuters has long been a dominant player in front-office data. Can it leverage that position to gain critical mass throughout the enterprise? RDR talks to reference data chief Kevin Bradshaw In the aftermath of its abandoned Synetix venture with Belgium’s Capco, Reuters is embarking on a reference data strategy of its own, based around its...
Firms Fear Data Quality Issues Could Disrupt STP Initiatives
Industry participants are concerned about the availability of the quality data they require to achieve straight-through-processing, according to a survey published last month by the U.S. Securities Industry Association and GartnerG2, a research firm. The survey also found high levels of concern about the deadline for the Depository Trust & Clearing Corp.’s proposed corporate actions...
Basel II Plan Under Attack for Impact on Costs, Funding
The draft Basel II proposals on risk regulation have been attacked by two industry bodies in the past month. First, the Institute of International Finance (IIF) expressed concern about the potential costs to industry participants of accommodating what it called the complexity of the proposed new framework, and said there was a lack of coordination...
Fame Partners with CSFB for Bond Pricing, Analytics
Fame Information Services has signed a strategic agreement to market Credit Suisse First Boston’s fixed-income and convertible data/analytics offerings. CSFB’s services, powered by descriptive data from FT Interactive Data, are targeted at the research, compliance, and trading-room decision-support areas. By augmenting CSFB’s trade desk pricing and analytics with FT ID’s descriptive data, Fame clients will...
Barra, Reuters’ Lipper Team Up To Offer Risk Factor Data
Barra and Lipper, a Reuters subsidiary, have released the Lipper-Barra Mutual Fund Risk Factor service, which ranks the relative riskiness of mutual funds. The service is aimed at allowing investors and their advisors to compare competitive or complementary funds on the basis of the risks that they incur. The measure is based on Barra’s risk...
Australia’s QIC Fund Manager Implements Eagle’s Pace
QIC, an Australian wholesale fund manager, has implemented Eagle Investment Systems’ Pace portfolio management system. The system will allow the fund manager to extract, scrub, enrich and store investment data from multiple sources into a single repository, enabling it to make use of Pace’s performance measurement, attribution, reporting and data monitoring features.
Loomis Sayles to Use Heliograph’s TradeFlow Platform
Loomis Sayles, a U.S. investment management firm, has installed Heliograph’s TradeFlow platform to help manage the settlement process, and is now directing 70% of its transactions through the system. TradeFlow additionally is allowing Loomis Sayles to offer its clients’ custodians the choice between receiving Swift messages or electronic faxes, an important capability since many smaller...
Access International Enters Final Phase of Sale of GPS Security Master Database
As Reference Data Review went to press, Access International Financial Services was entering the final phase of the process of selling its Global Trade Processing System (GTPS). A key element of GTPS is the Global Product Suite (GPS) security master database. At press time, it wasn’t clear how many – if any – bids or...
FT Interactive to Offer Access to Luxembourg UCITS Data
FT Interactive Data has formed a strategic alliance with CCLux, a Luxembourg specialist in UCITS data, through which it will be the first vendor to provide international access to CCLux’s UCITS data and related documentation UCITS – Undertakings for Collective Investment in Transferable Securities – have been harmonised by EC legislation since 1985. The legislation...