Data Management Insight Blogs The latest content from across the platform
Abacus Launches StorageBurst Backup/Archiving
Abacus Group, which provides hosted IT services to hedge and private equity funds, has launched StorageBurst, an on-demand service that offers secure and redundant data storage off-site. Among other applications, StorageBurst helps funds store and back up tick level data to meet regulatory requirements. “It’s not uncommon for today’s hedge funds to deal with terabytes…
Financial Stability Board Calls for Private Sector Input to LEI Development
The Financial Stability Board (FSB) is calling for private sector experts around the world to join the Legal Entity Identifier (LEI) Private Sector Preparatory Group (PSPG) that will support the FSB LEI Implementation Group in introducing a global LEI system by March 2013. The deadline to submit nominations for the private sector group is July…
Aim Software Acquires ABI Informatic for Customer Base and Technology
Aim Software, vendor of the Gain reference data and risk management platform, has bought competitor ABI Informatic in a deal aimed primarily at acquiring its 25 European customers. Terms of the Jun 4 transaction – announced yesterday – which also gives Aim ABI’s Agio data management platform, weren’t disclosed. Vienna-based Aim’s CEO Martin Buchberger describes…
Talking Reference Data with Andrew Delaney: Summer of LEI
Summer – such as it exists here in London – is typically characterised by a slowdown in activity in our marketplace. But we are bracing ourselves for a busy season as the world ponders just how the legal entity identifier (LEI) will look – and how to deal with it once it emerges. The pace…
ANNA Pitches National Numbering Agencies as LEI Local Operating Units
The Association of National Numbering Agencies (ANNA) is back in the game and vying for a place in the development of the global legal entity identifier system proposed by the Financial Stability Board (FSB) and approved by the G20 global summit in Mexico last month. An ANNA general meeting in London last month deemed the…
Eikon Reaches ‘Tipping Point’ as Thomson Reuters Halts New-Client Sales of 3000 Xtra
Thomson Reuters has halted sales of its 3000 Xtra premium desktop service to new clients, in a move seen as a vote of confidence in successor desktop product Eikon. As of July 31, Thomson Reuters’ sales teams will offer new clients Eikon as the sole choice of premium desktop, although existing 3000 Xtra clients will…
Cantor Fitzgerald Upgrades to XSPrisa SaaS Model for Corporate Actions
Cantor Fitzgerald has become the second customer to license XSP’s software-as-a-service (SaaS) XSPrisa solution for automated corporate actions processing. The first customer, an unnamed but large global firm based in New York, has been in production for three months following XSP’s introduction of XSPrisa this spring. Cantor Fitzgerald has been using the enterprise version of…
Stop Press: S&P Capital IQ Swoops on CMA for European Valuations Data
S&P Capital IQ has struck again, continuing its buying spree with the purchase of London-based Credit Market Analysis Ltd., the valuations data subsidiary of CME Group. The acquisition plugs a gap in S&P Capital IQ’s valuations coverage, which will now include CMA’s speciality areas of structured finance and over-the-counter derivatives pricing. S&P Capital IQ’s traditional…
Cusip Outlines Role for Fellow NNAs in Hybrid Approach to LEI
Following proposals for a federated approach (from the Financial Stability Board) and a centralised approach (from DTCC/Sifma) to development of the global legal entity identifier (LEI) standard, Cusip Global Services (CGS) is proposing a hybrid solution that calls for the active involvement of the National Number Agencies in the LEI process. The proposal is aimed…
DST Meets Customer Demand for Corporate Actions through Deal with XSP
DST Global Solutions has responded to customer demand for a corporate actions solution on its HiPortfolio investment accounting platform through an agreement with XSP that covers joint development of a HiPortfolio integrated corporate actions module that will be powered by XSP. Initially, the solution will be made available in Australia and New Zealand where DST…