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13 Vendors Participate in UK FSA’s February Gabriel Liquidity ISV Forum
As noted by Reference Data Review last month, the UK Financial Services Authority (FSA) has pledged to support the data vendor community in adapting to the new regulatory order and, accordingly, has set up an independent software vendor (ISV) discussion group to discuss liquidity risk requirements. The group’s first meeting was held on 16 February…
SEC Continues to Push for Global Accounting Standards, Kicks Off Research into IFRS Implementation
In a move that may allow the practices of the world of pricing and valuations to become more harmonised globally, the Securities and Exchange Commission (SEC) has indicated it is keen for a single set of high quality globally accepted accounting standards to be implemented. To achieve this goal, the regulator has finally begun to…
GBST’s O’Brien Discusses ITG Win, Broker Approach to Corporate Actions Processing and Asian Progress
Following its move into the corporate actions space in November last year, GBST has bagged its first client in the form of agency brokerage and financial technology provider Investment Technology Group (ITG) and has a number of promising prospects in the Asian region poised to sign on the dotted line, says Donal O’Brien, who manages…
SEC Gets on the Soapbox About XBRL and Corporate Actions, Again
Since its decision to mandate the XBRL tagging of financial reports for US firms, the Securities and Exchange Commission (SEC) has been doing its level best to keep the industry apprised of any possible compliance challenges. To this end, this month, the regulator announced yet another event, in the form of a public seminar on…
Handling Electronic Records and Dealing with Risk Management
By Robert Jones, legal consultant at Kroll Ontrack, and John Doherty, litigation partner at Manches What other challenges and benefits might arise when addressing the most effective management of electronically stored information? The Information Commissioner’s Office recently announced new fines to deter breaches of the law in relation to personal, which could see organisations being…
A Third of Hedge Funds Have Invested in Automation to Improve Pricing, According to Omgeo Survey
A third of the 50 hedge funds involved in a recent survey commissioned by Omgeo and conducted by Greenwich Associates have invested in improving their valuations and accounting systems, with many more focused on reducing counterparty risk. The fallout from the financial crisis and the intense regulatory and client scrutiny of the hedge funds market…
Avox and Cusip Global Services Finally Launch New Business Entity Identifier JV
Following the signing of a partnership agreement to launch an entity identification joint venture last April, Avox and Cusip Global Services (CGS) have finally launched their new service based on the vendors’ Cusip Avox Business Reference Entity identifier (Cabre) codes. The new offering, which has been dubbed the Cabre Directory Service, aims to provide a…
UniCredit Develops Data Esperanto to Map End User Data Sets Across Group
Italian banking group UniCredit is currently focused on extending the coverage of its data warehouse, which was rolled out in 2004, beyond accounting and regulatory reporting related data items to other reference data items, says Alberto Ricciotti, head of group pricing at the bank. A key success factor in this process has been in the…
AIB’s McMorrow Explains Benefits of Teradata Warehouse Implementation and Ongoing Challenges
Allied Irish Bank’s (AIB) enterprise data warehouse project manager Michael McMorrow is a great proponent of Teradata’s functionally neutral and self-managing approach to data storage. The bank rolled out the vendor’s Teradata Warehouse solution a few years ago and is now focused on keeping up with the data management changes required as a result of…
UBS Using Front Office Technology to Deal With Reference Data Processing, Says Berry
In a move that confirms that the worlds of the front office and the back office are moving ever closer, UBS’ executive in charge of market data sourcing and strategy, David Berry has indicated that the bank is using Celoxica’s hardware appliance-based data feed handlers to process its market and reference data. The rationale behind…