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A-Team Analysis: IBEI Fears Grow as MiFID Approaches
Concern among industry participants is growing about the possible operational and financial implications of the current lack of a standard International Business Entity Identifier (IBEI) for use in transaction reporting under MiFID. The issue raised its head (again) during a meeting of experts this month in London under the auspices of an ISO Working Group…
2007: A good year for EDM?
The good news to kick off the year with is that reference data is getting more important. It is a major component of the recently announced wide-ranging HSBC enterprise data and technology deal we are told. Elsewhere in this issue of Reference Data Review there are further indications of this positive trend: a rock solid…
Microsoft’s MiFID Pitch Touts TAP Among Partner Solutions
Microsoft has set out its MiFID stall, and has identified reference data and client classification as two of the eight MiFID related challenges it wants to help financial institutions address through its initiative to offer “mix and match” MiFID solutions in conjunction with a range of partners. TAP Solutions, provider of the Microsoft based TAPMaster…
Looking into the EDM Crystal Ball By Michael Atkin, managing director, EDM Council Inc
It seems like only yesterday we were talking simply about reference data with lots of debate over definitions, an underlying focus on operational efficiency and a business case cut straight from the technology ROI rulebook. My, my how quickly things have changed. Reference data has evolved into EDM. Risk mitigation has replaced operational efficiency. And…
Bank Deploys Aleri Stream-Processing Platform for Ref Data
Stream-processing technology is big news in the market data world, where the demands of algorithmic trading are driving investment in solutions to support high-volume, low-latency, fast-moving environments. To date, it has not been widely suggested that low latency was so important in the context of reference data, but an early sign that streaming technology could…
CB.Net Adds Routing BICs to Directory to Aid SEPA Compliance
CB.Net is adding Swift-enabled routing BICs to its international payments directory BankSearchPlus, part of the CB.Net Payments Reference Data Service. The new capability, supported by the addition of an extra field to allow the identification of the routing BIC, is available as part of a standard upgrade to users of the vendor’s web-based service and…
Market MiFFED by FSA Benchmarking Proposal
If there’s been a sub-theme to recent activity in the reference data marketplace, it’s sure been bond evaluations. Readers of Reference Data Review have witnessed the flurry of product offerings, positioning and poachings among the major suppliers, with Reuters, Bloomberg, Standard & Poor’s and Thomson Financial all attempting to enter a marketplace long dominated by…
Mellon Financial Combines MAS with Eagle Product Offerings
Mellon Financial has combined its Mellon Analytical Solutions (MAS) business with the Eagle Performance system. The move follows Mellon’s acquisition of Russell Investment Group’s 50% share in the Russell/Mellon joint venture last September. The combined offering provides portfolio and mutual fund performance measurement, performance attribution, index data management and portfolio analysis and reporting to institutional…
IDC’s Strategic Deal with Markit Provides Cooperative Framework
This month’s data redistribution deal between Interactive Data Corp.’s FT Interactive Data and Markit Group belies a more strategic alliance, than at first it appears. The agreement gives FT Interactive Data clients access to the models Markit uses for its bond valuations as well as use of Markit’s own credit default swap, credit index and…
Data Management Steps Up a Gear
We can’t help but feel that the reference data marketplace has, over the past few months, stepped into another plane. When we launched Reference Data Review almost three years ago (yes, three years!), the market was full of talk and devoid of action. Looking back at our coverage in 2005, we’re proud to see RDR…