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Survey Finds 75% of Firms Plan More Reference Data Automation

The more things change the more they stay the same. This seems to be the overriding message in the results of the second annual AIM Global Data and Risk Management Survey. As with the previous year’s findings, the 2005 survey results showed that financial institutions all over the world are undertaking considerable efforts to deepen…

J.P. Morgan Adopts Central Reference Data Hub To Support Global Credit Trading Operation

J.P. Morgan Chase is building a business-aligned reference data hub in support of the major reengineering of its credit trading operation onto a single platform. The hub – essentially a central global hub for credit reference data – will commingle corporate data, vendor data and business-specific data into a single, unified service available to all…

Cicada Profiler, CounterpartyLink Target KYC, Patriot, AML Clients

Cicada Cos. has added new functionality within its Reference Data Management Suite to help companies comply with the due diligence requirements of upcoming regulations including the U.K. Financial Services Authority’s ‘Know Your Customer’ framework and the U.S. Patriot Act. The company is also the first adopter of a recently upgraded version of sister company CouterpartyLink’s…

Algorithmics Partners with Banks For Credit Risk Data Initiative

Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will…

Latest MiFID Postponement Merely Delays the Inevitable

‘News’ that the widely feared, little-understood EU Directive on Markets in Financial Instruments – affectionately known as MiFID – may be delayed again to November 2007, hasn’t been greeted with too much in the way of protest. The original delay pushed implementation of the directive back to April 2007 from a year earlier. The latest…

AIM Gets Into Corporate Actions

AIM Software has introduced a new module to manage corporate actions data within its GAIN data management platform. The Gain Corporate Actions Dairy System (CADS) will manage corporate actions data delivered in ISO 15022 or other formats. The data will be sourced from a variety of providers including Swift, Telekurs Financial, Reuters, FT Interactive Data,…

Reference Data Review in Action At WFIC Conference Sessions

See Reference Data Review and the editors at this year’s World Financial Information Conference (WFIC) organized by the FISD in Rome. A-Team’s very own editor Angela Wilbraham will be moderating two panels on Wednesday 12 October, so mark your calendars. The first – The EDM Council: Senior level executives join the reference data fray, at…

London Stock Exchange Enters Counterparty Service Pilot Tests

The London Stock Exchange is entering pilot testing of a new counterparty data matching and cleansing service, in a bid to further expand its reference data services.  Though the Exchange has not yet officially announced the development as it aims to validate the space and its product first, Reference Data Review understands that it demonstrated…

The Impact of MiFID

Markets in Financial Instruments Directive (MiFID) has been described as pure cost pain for little liquidity gain by some. What might the impacts be for the financial services firms in terms of conduct of business, data management and best execution and order-handling processes? asks Dr Anthony W Kirby, Fellow of European Think Tank Promethee and…

JPMorgan WSS Launches Sites For Compliance Officers

JPMorgan Worldwide Securities Services has introduced two new websites targeted at chief compliance officers to help them meet various mutual fund compliance requirements. The U.S. Securities and Exchange Commission requires mutual funds to appoint COOs and implement comprehensive policies and procedures to prevent fund companies and advisors from violating SEC regulations and securities laws. The…