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US SEC Finally Passes New Credit Ratings Agency Rules
Following months of speculation, the US Securities and Exchange Commission (SEC) has finally passed new regulations to tighten its supervision of the credit ratings agency sector. This corner of the market, which is dominated by the big three: Moody’s, Standard & Poor’s and Fitch, has come under heavy critical fire due to its contribution to…
SmartStream Launches Reference Data Utility Offering, Announces First Client
As first revealed by Reference Data Review in May last year, the Dubai International Financial Centre’s (DIFC) DClear subsidiary has been working on a reference data utility for some time. DClear Utilities, which is now a part of DIFC owned SmartStream Technologies, has now officially been launched on the market and has just bagged its…
Swift on Course for Cost Cutting, Corporate Actions is Big Focus This Year
The first day of Swift’s Sibos conference included a press conference during which CEO Lazaro Campos elaborated on the cooperative’s plans to drastically cut its cost base and the opening plenary, which included many references to Swift’s recent successes in the corporate actions space. Delegates to the event in Hong Kong therefore got the lowdown…
For Users of Swift Alliance Integrator, Volante Adds Value With Validation and Translation Services
Powering finance with data management innovations, Volante today announced new add ons to Swift’s Alliance Integrator to ease Swift deployment and ensure correct message formatting. The Volante Swift Validation and Translation Services leverage Volante’s proven and comprehensive support of Swift messaging dictionaries and functions to reduce the effort involved in connecting to the Swift network,…
Omgeo CTM Best Practices Released to Provide Guidance for New Broker-Dealer Workflows
Omgeo has introduced a best practices document geared toward investment managers and broker-dealers to highlight the most effective ways for the two counterparties to interact with each other when matching trades via Omgeo Central Trade Manager (Omgeo CTM). Until recently, sell side clients wishing to leverage automated trade processing for cross border and non-US trades…
Princeton Financial Systems presents DVS Publisher Suite 3.0
Princeton Financial Systems (PFS), a provider of investment accounting, investment compliance, data management, performance measurement, and reporting solutions for the global investment industry, introduces version 3.0 of its DVS Publisher Suite. This reporting solution supports investment and asset managers in their automated production and distribution of reports. One of the strengths of version 3.0 is…
GoldenSource Releases New Version of EDM Suite with Upgraded Pricing Capabilities
EDM vendor GoldenSource has upgraded its flagship solution by building in new features to help its clients deal with tougher risk management requirements and regulatory developments around the pricing of financial instruments. To this end, version 8.2 of its EDM suite includes workflow and validation tools aimed at increasing flexibility and transparency across all pricing…
Should the ECB be Using Existing Data Channels and Standards for a Reference Data Utility?
Ahead of the panel discussion on the subject at next week’s Sibos conference in Hong Kong, the European Central Bank’s (ECB) proposals have provoked yet more feedback from Reference Data Review readers. Most agree that starting from scratch in building such a utility would be a difficult endeavour and that the central bank should instead…
Broadridge and Newriver Deliver Summary Prospectus Solutions to the Mutual Fund Industry
Broadridge Financial Solutions and NewRiver today announced a solution to the Securities and Exchange Commission’s (SEC) newly enacted summary prospectus rule that combines Broadridge’s inventory, print, fulfilment and householding capabilities with NewRiver’s patented electronic database. Broadridge is a global provider of technology-based solutions to the financial services industry. NewRiver is the creator of a central…
DekaBank Goes Live With SunGard’s Asset Arena Compliance
DekaBank, the German savings bank finance group’s central asset manager, has implemented SunGard’s Asset Arena Compliance solution to provide back office support for all its pre-trade, post-trade and post-net asset value (NAV) compliance requirements. Asset Arena Compliance gives DekaBank a standardised and flexible compliance solution that can help support its future growth plans. Asset Arena…