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A Big Low Latency Day Tomorrow!
I’ve been absent from the blogosphere for a little while. It’s been the silly season and it seemed a good time to take a break. But with my annual Pimm’s party, Labor Day and the Office 2.0 conference behind me, I reckoned it was time to start writing again. I must admit, I almost posted…
S&P Buys Imake Consulting, ABSXchange to Boost Structured Finance Data, Analytics, Modelling
Standard & Poor’s has acquired Imake Consulting, a provider of software and services to the structured finance market, and ABSXchange, an end-to-end solution provider for structured finance data, analytics and modelling. S&P is aiming improve its ability to analyse structured finance transactions including residential mortgage-backed securities, commercial mortgage-backed securities, asset-based securities and collateralised debt obligations….
A case of mistaken identity?
Another month, another MiFID-related reference data issue for practitioners to get their knickers in a twist about. As Reference Data Review went to press, several of our moles within the marketplace came to us to express their horror at the proposed Alternative Instrument Identifier (AII) for use in identifying derivatives in transaction reports. One source…
Complex Event Processing – It’s More Than Algo Trading
Part 4 of 4 [Don concludes this series by looking at CEP applications beyond the financial markets] A Few Examples Beyond Capital Markets Financial services is fundamentally about information. As a result, there is probably no end to the amount of use cases which will ultimately take advantage of CEP. At a minimum, wherever there…
AIM Software and Italian Partner Implement GAIN at Arner Bank
Lugano, Switzerland-based Arner Bank is implementing AIM Software’s data management environment GAIN for the integration of price, static and corporate actions data provided by Bloomberg and Telekurs Financial. The project is slated for completion in September, with go-live planned for October. Arner Bank is implementing GAIN in conjunction with Galileo – the Security Master File,…
Standing Settlement Instructions: Bringing the Poor Relation of Reference Data into the Fold
Awareness of the fact that missing or inaccurate standing settlement instructions (SSIs) are a major inhibitor to true straight-through processing (STP) is as long-standing as the industry’s focus on STP itself. Problems with SSIs are still the biggest single cause of reference data-related trade fails, which themselves are the second biggest cause of fails behind…
Wiener Börse Taps Interactive Data To Support MiFID Offer
Interactive Data Corporation’s Pricing and Reference Data business is to supply reference data to Austrian securities exchange Wiener Börse to support its new MiFID OTC transaction reporting facility. Interactive Data’s MiFID related reference data identifies trade venues and their types by location codes, the most relevant market for an instrument, whether an instrument is within…
Benchmarking the Benchmarks
In the world of low latency, it seems that benchmarks are headline news. Having readily available figures showing xxx microseconds and yyy hundreds of thousands of updates per second is a pretty sure way to get some press coverage for one’s product. Indeed, I find myself asking of vendors who are pushing their new datafeed…
A Low Latency History Lesson
I’m in the green and pleasant land, aka England, trying to partake in some R&R. But I can’t escape work, even when I am in historic Stratford-upon-Avon, birthplace and later home of William Shakespeare. It seems the Bard knew a thing or two about low latency, or at least about leveraging it. Indeed, “Make use…
Swift Picks Avox for BIC1 Cleanup; First Step in Broader BIC/CIVIC Plan
Swift has signed a deal with Deutsche Boerse-owned counterparty data specialist Avox to help it with the process of cleansing its BIC1 code database of so-called ‘unconnected BICs’. The agreement appears to mark the first step in a broad Swift initiative to extend the coverage of its BIC directory and creating BIC-like codes to identify…