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Reuters Appoints Gary Barr Global Head of Enterprise Data
Reuters has created a new position – global head of enterprise data – and appointed Gary Barr to the role. The position, which Barr has held since July, has been created in recognition of the growth and importance of Reuters’ enterprise business. Among Barr’s main priorities in the coming months will be to spearhead the…
Counterparty Data Projects Climb Up Priority List, Analyst Claims
Could 2007 be the year in which counterparty data improvement projects make it on to the top 10 priority lists of most financial institutions? Analyst Aite Group certainly believes that during the next year a number of drivers will conspire to make counterparty data projects as compelling as instrument data projects – among them the…
Industry Groups Tailor Reference Data Standards Efforts to MiFID
The Reference Data Subject Group (RDSG) of the MiFID Joint Working Group is spearheading efforts to make entity and instrument identification standards a reality in time to ensure industry readiness for MiFID. A body of analytical work that began at the end of July is scheduled to be completed before year end. The RDSG produced…
Cicada Positions Profiler to Help with MiFID Obligations
As the first UK clients prepare to go live on Profiler, Cicada’s client data solution originally designed to help financial institutions comply with anti-money laundering (AML)/know your customer (KYC) regulations, the vendor is positioning the system as a solution for MiFID compliance. “Part of MiFID is certainly price transparency, but another part of it is…
Market MiFFED by FSA Benchmarking Proposal
If there’s been a sub-theme to recent activity in the reference data marketplace, it’s sure been bond evaluations. Readers of Reference Data Review have witnessed the flurry of product offerings, positioning and poachings among the major suppliers, with Reuters, Bloomberg, Standard & Poor’s and Thomson Financial all attempting to enter a marketplace long dominated by…
FT Interactive Data Adds CPL To Avox in Entity Data Service
FT Interactive Data has made the first move to bolster the issue-to-issuer business entity data capability it launched in the spring, with a second strategic relationship with a third-party entity data provider, this time CounterpartyLink (CPL). The Interactive Data Corp. unit, which unveiled the entity data capability in April, using Deutsche Boerse’s Avox as its…
Cicada Upgrades Profiler Platform
Cicada has upgraded Cicada Profiler software, adding improved capabilities to meet firms’ anti-money laundering and know your customer compliance needs. Release 1.1 of Cicada Profiler introduces an ownership checklist that can trigger collection of corporate ownership data, for example, based on customer type. The new version supports different types of ownership definitions and supports one-to-many…
Nordea Plumps for GoldenSource As It Standardizes Data Platform
As part of an IT asset rationalization following the merger that created it, Scandinavian bank group Nordea has licensed GoldenSource’s reference data management platform software to create a group-wide infrastructure in support of trading, operations and regulatory activities. The deal will see a three-phase rollout, with first deliverable due at the end of next month….
Working Group Aims for U.K. Compliance with Corporate Actions Standards
A new U.K. Market Implementation Group (UKMIG) is aiming to harmonise U.K. national rules and practices relating to corporate actions processing, including distributions, shareholder rights and company reorganisations. The group, jointly chaired by the British Bankers’ Association (BBA) and CrestCo, is aiming to implement measures to remove Barrier 3, as set by the 2003 report…
Soliton Adds Capital IQ for Joho Capital
Data management provider Soliton has added company financial data from Capital IQ to its TimeSquare platform implementation at New York-based hedge fund Joho Capital. Capital IQ, now owned by Standard & Poor’s, combines private and public capital market data and technology. Its reported and adjusted company financial data has been integrated by Soliton’s TimeSquare into…