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JustSystems and Edgar Online Partner for XBRL Data on Desktop
Japanese XML and information management software vendor JustSystems and Edgar Online have signed a strategic alliance to deliver XBRL to financial institutions’ desktops. Through the new partnership, JustSystems will deliver certain of Edgar Online’s XBRL tagged data to their subscribers through the xfy XBRL viewer platform. Edgar Online provides SEC filings in real-time on the…
Standards: Speaking the Same Language Worldwide By Frank Träxler, international sales manager, WM Datenservice
Due to the increasing complexity of its fields of activity and the relevant regulatory framework, the financial industry is faced with ever greater challenges in managing its systems, processes, data and information. The international environment, subject to diverse regulations (for example, EU Prospectus Directive, EU Savings Tax Directive, EU Transparency Directive, and MiFID), is fraught…
Stick provides carrot for data community
It seems that the threat of greater regulatory involvement has spurred on a flurry of activity and innovation in the data community over the last few months. As institutions’ IT purse strings have tightened and closer scrutiny has been paid to areas such as counterparty risk and fair value pricing, vendors have upped their game…
Financial Information Forum Highlights the US$250m Cost of New Options Symbology, Finds Industry Dissatisfaction with Lack of Agreed Standards
The majority of industry participants are disappointed and frustrated that an agreement has not been reached on an alternative standard to the Options Price Reporting Authority (Opra) code, according to a recent study by the Financial Information Forum (FIF). Mary Lou Von Kaenel, managing director, management consulting at New York-based consultancy Jordan & Jordan, which…
SEC’s Cox Calls for Congress to Regulate CDS Market, Continues Debate with CFTC About Jurisdiction
Originally appeared in MiFID Monitor Securities and Exchange Commission (SEC) chairman Christopher Cox has repeatedly urged the US Congress to pass legislation concerning the oversight of the credit default swap (CDS) market. Cox again made a plea to the US government last week to provide regulation of the sector as a matter of urgency. However,…
Swiss Bank Wegelin Implements Aim Software Interface for Telekurs Data
Swiss private bank Wegelin & Co has implemented Aim Software’s Gain|Apsys interface to improve the import of Telekurs data into the SunGard Apsys banking application. The bank, which has been using Gain Data Management since 2001, says the interface was needed to cope with increased market volume. Wegelin & Co has been using Aim’s platform…
Data Vendors Keen to Play Role in US Government’s Tarp Scheme
Originally appeared in MiFID Monitor Following the passing of the Federal Reserve and US Treasury’s troubled asset relief programme (Tarp) last week, data providers including Thomson Reuters and Bloomberg have indicated that they wish to play a part in the programme. The vendors are keen to get involved in the area of pricing and risk…
Fed Meets with Market Players to Discuss CDS Clearing House Plans
Originally appeared in MiFID Monitor The New York Federal Reserve has organised a meeting this week with market players involved in the credit derivatives sector, including representatives from both the buy side and the sell side, to discuss the various industry initiatives to establish credit default swap (CDS) clearing houses. It is expected that the…
Outcry for Regulatory Reform and Transparency Paves the Way for E-Delivery and Consent Strategies
Originally appeared in MiFID Monitor By Len Driscoll, chief client officer at NewRiver The fallout from the recent financial market turmoil and the looming presidential election have created a ‘perfect storm’ for a regulatory impact to hit by year end. After a decade of false starts and failed attempts at fixing the cumbersome, costly ‘big…
Ness Technologies Releases Details of New Version of Data Management Platform
Ness Technologies released the plans for the launch of a new version of its enterprise reference data management platform, Ness Financial Data Enterprise, at this year’s FIMA Asia conference in Singapore in September. The new version of the platform features interfaces to Telekurs Financial’s Valordata Feed (VDF), IBM Tivoli scheduler and a common enterprise application…