Managing Big Data Woes: A How-to Guide for Hedge Funds
By Mark Kenney, Abacus Groupwww.abacusgroupllc.com The explosion of data over the last several years, coupled with dynamic compliance requirements, has put excessive stress on many firms’ storage capabilities. With the need to juggle multiple strategies, multiple funds and multiple prime brokers, it’s not uncommon for today’s hedge funds to deal with many terabytes of data....
EDM Council Plans to Show Semantic Solution for LEI at Next Week’s FSB Meeting
The Enterprise Data Management (EDM) Council will throw its weight behind a semantic solution for the proposed global legal entity identifier (LEI) system at next week’s Financial Stability Board (FSB) meeting of the LEI Private Sector Preparatory Group (PSPG) in Basel. Managing director of the EDM Council, Michael Atkin, who is also a member of...
Tick42 Offers Open Source Bridge from OpenMAMA to Bloomberg Open API
Tick42, the May 2012 rebrand of Dealing Object Technology, has made its first foray into open-source software with the release of a bridge from the NYSE Technologies originated OpenMAMA middleware agnostic messaging application programming interface (API) to the Bloomberg Open API. The bridge enables OpenMAMA users to bring Bloomberg data directly into their applications without...
Talking Reference Data with Andrew Delaney: Three-Letter Acronym (TLA) Syndrome
Next week, as you may know, I’ll be heading to NYC and not for R&R. Our newest Brit on the Street (BOS) – Caroline Statman – and I will be doing the proverbial rounds of the reference data world to see what’s what and what will be what come 2013. It’s going to be a...
Invesco Builds Out Eagle Performance and Data Management Solutions
Invesco has completed the second implementation phase of Eagle Investment Systems’ performance measurement solution covering its retail and institutional business in the UK and continental Europe. The performance measurement system is complemented by Eagle’s Pace data management platform, which is being used to improve internal reporting across performance, holdings, transactions and risk metrics. The data...
Data Management: Time for a New Best Practice Model
By Nigel Pickering, Founder, www.ref-data.com Firms have been attempting the ‘data centralisation’ path for many years – yet few, if any, have truly succeeded in delivering a solution to the underlying drivers and objectives. Many will have concluded that integrating their core data is the route to managing reference and transactional data across the many...
Nasdaq OMX Sets up Data Storage Solution in the Amazon Cloud
Nasdaq OMX is challenging regulatory data management requirements with a cloud platform powered by Amazon Web Services (AWS) and tailored by Nasdaq OMX to provide secure and scalable data storage that cuts the cost of existing internal and external storage options. Called FinQloud, the cloud platform initially offers two regulatory solutions for US financial firms,...
European Commission Consults on Compilation of Indices and Benchmarks
The European Commission’s spotlight on data transparency has panned out to cover benchmarks and indices. Following the Libor scandal and the Commission’s move to amend proposals for market abuse regulation and criminal sanctions to clarify that any manipulation of benchmarks is illegal, it has issued a consultation paper on the production of benchmarks and market...
Netik Transformation into CoreOne Leaves Little of the EDM Specialist at Large
Last week’s formal introduction of PrimeOne Solutions, a hosted prime brokerage service within the CoreOne Technologies group, marks the end of the first wave of CoreOne development and the final resting place of Netik, the enterprise date management company that was acquired by private equity firm Symphony Technology Group in 2008 and rebranded as CoreOne...
Talking Reference Data with Andrew Delaney: Just When You Thought It Was Safe…
The CFTC yesterday approved approved the DTCC’s application to run a multi-asset class swap data repository (SDR) in the US, with the promise of increased transparency in the OTC derivatives marketplace. The depository – slated for launch on October 12 – doubtless will make use of the CICI interim legal entity identifier, cementing that nomenclature’s...