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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…
PolarLake, CounterpartyLink Forge Alliance as PolarLake Adds Business Analyst Integration
Provider of reference data distribution products PolarLake and client and legal entity data specialist CounterpartyLink have entered into an alliance with the aim of better meeting the needs of mutual clients and prospects. John Randles, CEO of PolarLake, says while the PolarLake RDD (Reference Data Distribution) product “works with all forms of reference data”, the…
DIFC Bags SmartStream Technology For Hosted Data, Processing Offering
The acquisition of UK mid and back office systems vendor SmartStream for £200 million by the Dubai International Financial Centre (DFIC) – owner of the Dubai Stock Exchange – made headlines for a number of reasons. Not the least of these was the fact that the acquisition came just a month after SmartStream was forced…
CounterpartyLink Provides Legal Entity Data to Alacra, Joins Money Transfer Networks Association
Alacra, a provider of online business information solutions, has signed an alliance agreement with CounterpartyLink, supplier of global client, counterparty and issuer legal entity reference data. Through this alliance agreement, Alacra’s Concordance and Compliance customers will have access to CounterpartyLink’s full list of maintained reference data. This data is collected from sources, and maintained to…
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…
A false sense of securities?
Swift’s Sibos event in Boston in early October was the biggest ever (don’t they always say that?) and there was no shortage of involvement from the enterprise data management suppliers and some of the bigger reference data vendors. Even the delegates seemed pretty interested in all things data related, as the strong turnout for the panel…
Panic Abates as FSA Says Firms Won’t Have to Use Alternative Code
The UK Financial Services Authority has calmed market practitioners’ fears about the new Alternative Instrument Identifier (AII) for use in identifying some derivative instruments in MiFID transaction reports (Reference Data Review, September 2007) by clarifying that individual firms will not have to use the code for the time being. Rather, reporting entities will just have…
Politics and Data Ownership Major Issues in Implementing EDM, Sibos Delegates Told
The panel session on enterprise data management at Swift’s Sibos conference in Boston earlier this month was a little light on detail to satisfy the true EDM enthusiast, but as a reference data 101 it was nonetheless a lively and interactive debate, ably facilitated by the EDM Council’s Mike Atkin. A series of audience digivotes…
CUSIP Master File Database Available Online
The CUSIP Service Bureau (CSB) Master File database is now available through Standard & Poor’s SecurityMaster Services, a new web-based delivery platform designed to provide clients with near real-time access to a variety of securities data. With Standard & Poor’s SecurityMaster Services platform, clients will be able to access data directly from the CSB database…
Globalisation Makes Life Harder for Corporate Actions Processors, Sibos Panellists Say
Despite the efforts of industry groups and standardisers in recent years, the job of processing corporate actions is getting harder, not easier. Greater levels of international investment and the growing complexity of the products in which clients are investing are key reasons for this, suggested Justin Chapman, senior vice president at Northern Trust, during a…