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A-Team Analysis: Can S&P Solve the Problem of Entity Identification Where the ISO Process Has Failed?
Another month, another twist in the tail of the International Business Entity Identifier (IBEI) story. In fact, there could be two twists this month if the Swift CIVIC initiative does turn out to be on the skids. As reported extensively in Reference Data Review last year (in the October 2007 issue among others), the ISO-led…
Swift Admits CIVIC Plans “Under Review”, as Observers Suggest Business Case Proving Difficult
As Reference Data Review went to press, it emerged that Swift could be having second thoughts about pressing ahead with previously-announced plans to allocate BIC-like codes to funds – dubbed CIVICs (Reference Data Review first brought to light Swift’s CIVIC plans as far back as September 2006). In light of the failure of the ISO…
Existing Regulation Could Spur On Corporate Actions STP, Aite Predicts
The lack of an explicit regulatory imperative to address the efficiency of corporate actions processing is often cited as a reason for the industry’s lack of progress towards this goal. While it’s true that efforts like Giovannini do include corporate actions, there is no specific directive or legislation that demands firms meet a standard for…
Buy Buy Buy
There was quite a bit of M&A activity last week. Oracle and BEA for $8.5 billion (we’ll have to see whether that’s good news for BEA’s Weblogic Event Server), Sun Microsystems and MySQL for a billion, and NYSE-Euronext snapping up Wombat Financial Software for $200 million. For Wombat – headquartered in Nevada’s Incline Village where…
Reuters Adds OTC Equity Options Prices to DataScope Select
In its third quarterly release this year of its hosted data management and extraction platform DataScope Select, Reuters has incorporated what it says are significant enhancements to the solution in the areas of OTC equity options pricing and counterparty data. The evaluated pricing services within Reuters DataScope Select have been extended with the provision of…
‘Assume Role of Vendor’ to Ensure Rigour in Applying Data Licences, State Street’s John White tells FIMA
A clear and thorough understanding of precisely how data is utilised within investment firms, tied to “differentiating” data usage, is essential before data licensing can be effectively and successfully embarked upon, John White, principal data management, State Street Global Advisors (SSGA), has contended. Knowing “upfront” what is explicitly covered within contracts signed with data vendors…
Now is the Time for Reference Data Collaboration, TowerGroup Says. But is it Really?
When it comes to reference data, TowerGroup has something of a reputation for spotting a trend just as it is about to become a major industry focus. Statistics from the analyst’s first major report on the subject in 2001 and its updated iteration in 2005 are still liberally cited by industry commentators in print and…
Will EC, DoJ Reuters-Thomson Inquiries Strike at the Heart of the Matter: RICs?
The European Commission’s “in-depth investigation into Thomson’s takeover of Reuters” – announced earlier this month – is only to be expected. Whether it will put a dampener on things – by either quashing the deal or insisting on some very visible ‘sacrifice’ by the parties involved – remains to be seen. Mechanically speaking, the EC investigation – whose announcement coincided…
ICMA Ltd Plans Data Products, Extension Of TRAX2 to More Instruments
Data products will be at the heart of a new raft of offerings being developed by ICMA Ltd, the market services division of the International Capital Market Association (ICMA). In an effort to more effectively utilise the data assets it has acquired through its provision of the TRAX trade matching and transaction reporting system for…
A-Team Analysis: Future of IBEI in Question as Eight Countries Vote it Down; Could the BIC Be the Answer?
The results of the second ballot among national markets on ISO 16372 International Business Entity Identifier (IBEI) are in – and with eight countries voting against and six for (plus three abstentions and four no votes), the future’s not looking very bright for the standard. That said, as one industry observer puts it, “it’s not dead…