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IBM Builds on Reference Data Initiative with Basel II Suite

Hot on the heels of its reference data deal with Dresdner Bank (Reference Data Review, January 2004), IBM this month launched a suite of data management solutions designed to cater for institutions seeking to comply with the Basel II operational risk regulations. The new suite – with the snappy name of Risk & Compliance-Basel II…

Eagle Underpins Core Businesses With Reference Data Plan

Eagle Investment Systems’ ReferenceManager platform is expected to play a strategic role in the company’s plans for 2004. In an interview with Reference Data Review, David Palten, president and chief executive officer, outlined the importance of the reference data management platform’s function in bringing together Eagle’s various application products, including those in the accounting, portfolio…

MDDL: Bearing the Reference Data Standard By James Hartley, Chief Technologist, SIIA/FISD.

Just as the World Wide Web is maturing and the capabilities of Web Services are evolving, so are the data and application standards that use these tools. The Market Data Definition Language (MDDL) is the emerging eXtensible Markup Language (XML)-based standard for reference data. The financial services industry finds itself grappling with the fiscal need…

London Exchange Delays Sedol Upgrade, Citing High Demand

The London Stock Exchange has delayed the launch of its upgraded Sedol Masterfile Service, citing additional testing precautions in the face of apparently greater-than-expected demand. The delay, however, is not expected to be significant, with a new launch date scheduled for announcement on January 23. The new version of the SMF Service will change the…

UII Protagonists Heed Dessug’s Concerns About Standard

Industry groups seeking to establish a unique industry identifier (UII) for multi-listed securities that are traded cross-border have agreed to addresss calls for clarification from a German user group. The move appears to answer concerns raised by Dessug, the German Swift Securities User Group, which requested that a simpler vocabulary and an updated glossary of…

IBM Gets Serious About Reference Data Through Purchase of Dresdner Platform, Outsourcing Deal

IBM’s deal last month with Dresdner Bank of Germany seems to give some teeth to the IT services company’s approach to reference data management after talking about the segment for quite some time. The agreement also gives IBM a pricing database and management tool for risk and regulatory reporting – code-named Project Greenwich – to…

FIMA Event Delivers on Promise of Broad View of Reference Data

The Financial Information Management conference (FIMA 2003) held in London at the beginning of this month held much promise for executives anxious to learn about the intricacies of reference data and the benefits of its application. It didn’t disappoint. Speakers from ABN Amro, Barclays Capital, Robeco Asset Management, Merrill Lynch, the U.K. Financial Services Association…

FT Interactive Data Keen to Put SEC Pricing Slap Behind It

Financial Times Interactive Data (FT Interactive Data) will be anxious to dispel any industry disquiet caused by its settlement this month with the U.S. Securities & Exchange Commission (SEC). FT Interactive Data was named in the SEC’s civil fraud action against mutual fund company Heartland Advisers, allegedly for allowing Heartland to influence FT Interactive Data’s…

Misys Names Executive To Bolster Basel II Capabilities

Misys Risk Management Systems has named Savita Verma to lead its product management, financial engineering and research operations. Verma was previously vice president of Scotiabank. The company has also appointed David Welton Basel II specialist, reporting to Verma. Meanwhile, chief operating officer Michel Van Leeuwen has added Frank Weyns to his team. Weyns was previously…

Integration of Data and Software Analyzed in New A-Team Report

The raised profile of the issues surrounding reference data has sparked many data management projects, but reference data cannot be considered in isolation. What is needed is a coordinated approach to data and its integration with operational software used throughout the financial services enterprise. After all, the uncoordinated approach that saw millions spent on technology…