About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Mellon, Eagle, Telekurs Team up To Integrate VDF into PACE

Subscribe to our newsletter

Mellon Financial has selected the Valordata Feed (VDF) from Telekurs Financial as part of its enterprise-wide global reference data infrastructure. Mellon is using VDF to integrate a range of securities reference data – including security descriptions, ID cross-reference and corporate actions – into Mellon’s Eagle PACE data management platform, provided by Mellon subsidiary Eagle Investment Systems. Mellon is consolidating its security master data on Eagle PACE to enable it to clean, enrich, extract and distribute data to meet the report-ing and information requirements of its internal and external clients.

Amy Harkins, Mellon senior vice-president and managing director of Mellon market data and director of global asset servicing, says Telekurs was chosen for its “unique combin-ation of structured database and fully encoded data, as well as extensive global coverage and high quality”. “By enriching the Eagle PACE environment with data from Telekurs’ VDF, Mellon is able to further eliminate human intervention in the security master workflow,” she says.

Barry Raskin, president of Telekurs (USA), says Mellon was a long-standing user of some of Telekurs’ older product lines for pricing and corporate actions data, prior to its decision to take a complete reference data solution via VDF. “Eagle PACE now has VDF loaders, which Mellon, as the owner of Eagle, believes will help to facilitate growing the Eagle PACE footprint. From the Mellon perspective, this is a great opportunity to provide a differentiation in its service,” Raskin says. “Mellon is a great custodial bank, and now it has another arrow in its quiver in the form of a relationship with a premier reference data provider.”

The process of integrating VDF into Mellon’s PACE platform is well under way, Raskin says. “The agreement was signed late last year and we have been working very closely with Mellon and Eagle to get the implementation done. It’s coming very soon and we are in discussions with potential clients about the service already.”
For Telekurs, the Mellon relationship gives VDF a valuable stamp of approval, Raskin believes. “It also gives us an opportunity to talk to a lot of institutions that we couldn’t get to at the right level previously.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Date: 18 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers...

BLOG

Rimes changes hands, plans accelerated expansion as Five Arrows completes acquisition

Rimes, a provider of EDM-as-a-Service and investment platform solutions, is in new hands following the completion of its acquisition by Five Arrows, the private equity arm of Rothschild & Co. The partners say the acquisition provides a foundation for accelerated global expansion. The deal was announced in April 2024 and sees Rimes move on from...

EVENT

RegTech Summit New York

Now in its 8th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Putting the LEI into Practice

Hundreds of thousands of pre-Legal Entity Identifiers (LEIs) have been issued by pre-Local Operating Units (LOUs) in the Global LEI System (GLEIS), and the standard entity identifier has been mandated for use by regulators in both the US and Europe. As more pre-LEIs are issued ahead of the establishment of the global systems’ Central Operating...