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Behind the Scenes
One week to go before Sibos and, according to Swift’s figures from today, there are 7,489 delegates signed up so far. Let’s hope at least some of that number care about reference data; otherwise the utility panel on the first day might be a little quiet (apart from the panellists that is). And it is…
SRL Global Chooses SIX Telekurs for Pricing and Index Data
SRL Global, originally established as a trading and technology joint venture with Man Group Plc in 2007, now an independent specialist technology boutique offering its services to financial buy side institutions, recently signed an agreement with SIX Telekurs UK Ltd to take end of day pricing and index benchmark data for its NEXUS Enterprise Solution….
A Rethink, Redesign and Retool is Needed for Systemic Risk Monitoring, Contends JWG’s Di Giammarino
In order to be able to properly monitor systemic risk, the industry first needs to understand the gaps in the current data framework and then rethink, redesign and retool the method of controlling “the system”, according to PJ Di Giammarino, CEO of JWG. Speaking at the FS Club event on systemic risk last week, Di…
Opinion: New Wall Street Film Shows That Technology Never Sleeps
By Dr Giles Nelson, Deputy CTO, Progress Software The latest Wall Street movie – ‘Money Never Sleeps’ – opens with Gordon Gekko, the man who so famously stated “Greed is good” in the first film, being released from jail. It’s a comical scene, contrasting the technology of the ’80s to the tech of today as…
UK FSA Contemplates Mandating the Introduction of Data Governance Staff and Systems
In keeping with its increased focus on the data details of firms’ transaction reports, the UK Financial Services Authority (FSA) is now contemplating mandating that firms appoint a data governance officer and introduce a data assurance programme to ensure that standards of data quality are being maintained. This is all part of its more intrusive…
Instrument and Entity Identification are Key Issues for MiFID Forum’s Transaction Reporting Subject Group
Given the high profile fines that have been handed out over the last 12 months in the UK for data related transaction reporting failures, it is no surprise that the subject of entity and instrument identification is top of the list for the recently formed Transaction Reporting Subject Group of the MiFID Forum. Alan Jenkins,…
Hibernia Aims to Undercut Latency with Express New York to London Link
Hibernia Atlantic is planning a sub 60 millisecond latency cable link between New York and London, claiming that none of its competitors will be able to beat its speed in the timeframe before the cable carries low latency data for high frequency traders in mid-2012. Hibernia says the 60ms New York to London round trip…
Broadridge Announces Shareholder Forum in Canada
Broadridge Financial Solutions today announced the Canadian rollout of Shareholder Forum, a hosted online venue where validated shareholders can submit questions, vote their shares, respond to surveys and interact directly with their corporate issuers year-round. Corporate shareholders are increasingly relying on online tools to obtain information, voice their opinions, communicate and vote. The Broadridge Shareholder…
Barrage of New Regulation Could Cause Death by Data Drowning, Warns ISMAG’s Gubert
The slew of new regulations entering into force over the next few years, including a new iteration of MiFID, the multiple legislative changes resulting from the Dodd-Frank Act and the Securities Law Directive (to name just a few), will result in such an increase in reporting requirements that firms may find themselves in danger of…
SimCorp’s Schröter Elaborates on Decision to Partner with Aim Software for Data Heavy Lifting
SimCorp’s recently announced decision to partner with data management solution provider Aim Software was based on the desire to better support its clients’ requirements around golden copy record production, explains Marc Schröter, SimCorp’s senior vice president and head of strategic research. Up until now, the vendor has left its clients to deal with the process of…