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Swiss Bank Wegelin Implements Aim Software Interface for Telekurs Data
Swiss private bank Wegelin & Co has implemented Aim Software’s Gain|Apsys interface to improve the import of Telekurs data into the SunGard Apsys banking application. The bank, which has been using Gain Data Management since 2001, says the interface was needed to cope with increased market volume. Wegelin & Co has been using Aim’s platform…
Data Vendors Keen to Play Role in US Government’s Tarp Scheme
Originally appeared in MiFID Monitor Following the passing of the Federal Reserve and US Treasury’s troubled asset relief programme (Tarp) last week, data providers including Thomson Reuters and Bloomberg have indicated that they wish to play a part in the programme. The vendors are keen to get involved in the area of pricing and risk…
Fed Meets with Market Players to Discuss CDS Clearing House Plans
Originally appeared in MiFID Monitor The New York Federal Reserve has organised a meeting this week with market players involved in the credit derivatives sector, including representatives from both the buy side and the sell side, to discuss the various industry initiatives to establish credit default swap (CDS) clearing houses. It is expected that the…
Outcry for Regulatory Reform and Transparency Paves the Way for E-Delivery and Consent Strategies
Originally appeared in MiFID Monitor By Len Driscoll, chief client officer at NewRiver The fallout from the recent financial market turmoil and the looming presidential election have created a ‘perfect storm’ for a regulatory impact to hit by year end. After a decade of false starts and failed attempts at fixing the cumbersome, costly ‘big…
Ness Technologies Releases Details of New Version of Data Management Platform
Ness Technologies released the plans for the launch of a new version of its enterprise reference data management platform, Ness Financial Data Enterprise, at this year’s FIMA Asia conference in Singapore in September. The new version of the platform features interfaces to Telekurs Financial’s Valordata Feed (VDF), IBM Tivoli scheduler and a common enterprise application…
DTCC Extends to Dividend, Redemption and Reorganisation Services for Canada
The Depository Trust & Clearing Corporation (DTCC) has enhanced its settlement link with CDS Clearing and Depository Services to offer new corporate action services including dividend, redemption and reorganisation services. Patrick Kirby, DTCC managing director for Asset Services, explains to Reference Data Review that the expansion of the services in this area is a result…
Firms Should Review Data Management in Light of Increasing Volumes, Says JWG-IT
Originally appeared in MiFID Monitor A new white paper published by London-based think tank, JWG-IT, calls on firms to change the way they look at data management in light of ever-increasing equity order volumes and execution venues. It includes findings from recent surveys in London and Frankfurt where 78% of firms rated overcoming the cost…
BAFT and Bankersalmanac.com Collaborate to Extend Due Diligence Repository
Originally appeared in MiFID Monitor Bankersalmanac.com and the Bankers’ Association for Finance and Trade (BAFT) have agreed to collaborate on promoting and extending the coverage of the reference data vendor’s Due Diligence Repository, which was launched in 2004. The repository has been set up by Bankersalmanac.com as an industry utility and BAFT will be engaged…
XSP Picks Tier 3 to Host Data Centre and Technology Infrastructure Requirements
XSP has selected Tier 3, which calls itself an infrastructure as a service (IaaS) provider, as a strategic partner to host and maintain its data centre and technology infrastructure requirements. According to the vendor, Tier 3 will also provide an environment for hosting its User Acceptance Testing (UAT) and software automation labs. The corporate actions…
KBC Group Selects Ness Technologies for Consolidated Data Management
Brussels headquartered KBC Group has selected Ness Technologies’ Financial Data Enterprise solution to provide an end to end consolidated data management platform. According to the vendor, the deal is a multi-year agreement and involves a combination of Ness’ proprietary software and services. Sudhakar Kondisetty, chief business officer of Ness’ Financial Services, Ness Technologies, says: “Generally,…