Stop Press: Thomson Reuters Drops Enterprise Data Management Platform
In the same week that Markit announced plans to acquire Cadis, rival data vendor Thomson Reuters has confirmed plans to exit the enterprise data management platform business. The company has decided to withdraw its Enterprise Platform for Data Management product, and will focus instead on enterprise content in the form of pricing, valuations, corporate actions...
SIX Financial Information Selects OneTick and AC Plus for IT Renewal
SIX Group is investing CHF100 million to rebuild and revitalise the IT infrastructure behind its Financial Information business, formerly Six Telekurs. The aim is to meet customer demand for improved reference and market data products and, in turn, renew the company’s reputation as an innovative market leader. The CHF100 million ($110 million) investment will be...
Markit Continues Buying Spree with Agreement to Acquire Cadis
Financial information services company Markit has agreed to acquire enterprise data management (EDM) solutions supplier Cadis for an undisclosed sum, confirming a rumour that has dominated the London reference data circuit for the past week or so. The deal is the latest in a series of Markit acquisitions that includes LogicScope, QuIC, Data Explorers, QSG...
Andrew’s Blog – Risk Architectures R Us
For those of you who missed last month’s seminar in London on approaches to risk data, fret no more: We will be continuing the debate next Thursday in a webinar with our friends from Lloyds Bank, Sybase and Fidessa; sign up here, it’s free, and it’ll also give you a flavour of what we have...
S&P Capital IQ Details Plans for QuantHouse and R2 Acquisitions
S&P Capital IQ has set out its store following the February acquisition of risk analytics provider R2 and the April addition of real-time exchange and market data supplier QuantHouse saying its existing products will be integrated with the new arrivals to deliver more and more innovative solutions. According to Lou Eccleston, president of S&P Capital...
China’s CITIC Securities Moves into International Trading with GoldenSource
Beijing-based CITIC Securities has selected GoldenSource to provide a core enterprise data management (EDM) platform to support its move into international securities trading. The first phase of data management will use the GoldenSource Securities & Products solution as the security reference data platform.
ECB’s Draghi Cites Data Granularity in Pursuit of Financial Stability
Mario Draghi, president of the European Central Bank (ECB), this week noted the need for a wider variety of granular data to sustain financial stability and more data to monitor and avoid potential systemic risk in unregulated financial institutions and markets.
Taking Stock – The True Cost of Data
By David Renn, Principal Consultant, Citisoft The size of the data spend in financial services is astounding, but even more incredible is the lack of transparency and knowledge around these costs. Citisoft believes that the true cost of ownership of data is often unknown, inaccurate or poorly calculated. At a time when regulatory, client due...
Andrew’s Blog – It’s All About Risk (Data)
This week sees the release of an industry briefing we prepared for Sybase entitled ‘Managing Risk Data in the Siloed Enterprise’. I’ll be presenting the key findings at an event in London on Tuesday, where I’ll be joined by a group of risk managers and data architects – as well as Sybase’s Stuart Grant, IDC...
Federated Investors Implements Cadis EDM to Improve Data Management
Federated Investors is implementing the Cadis enterprise data management (EDM) platform to increase operational efficiency, reduce risk and manage data across multiple acquisitions that have supported the $370 billion asset manager’s growth in recent years. The selection of the Cadis EDM, a service oriented architecture (SOA) platform that allows data to be accessed wherever it...