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Counterparty/Client Data Efforts Kicked Up a Notch to Support Proactive Risk Management, Report Finds
Proactive risk management is a key driver for investment in improving client and counterparty data, finds a new report from A-Team Group, sponsored by GoldenSource. While it has been well publicised that regulations like KYC and AML have forced firms to pay tactical attention to client and counterparty data, it is now clear that there…
Ness Adds Corporate Actions Functionality to Financial Data Enterprise Solution
Ness Technologies has unveiled an enhanced version of its enterprise data management platform, Financial Data Enterprise (FDE), developed by Ness Innovative Business Services (Ness IBS). The new version, FDE 4.5, includes features such as processing of corporate actions, dynamic creation and set-up of instruments and asset classes, enhanced data quality management and streamlined workflows for…
A case of mistaken identity?
Another month, another MiFID-related reference data issue for practitioners to get their knickers in a twist about. As Reference Data Review went to press, several of our moles within the marketplace came to us to express their horror at the proposed Alternative Instrument Identifier (AII) for use in identifying derivatives in transaction reports. One source…
Counterparty Data: Finding its Rightful Place in the Sun at Last, As Revenue Generation Gains Hit Home
Progress with industry-level efforts to create a universal standard for entity identification may be going nowhere fast, but this is not preventing financial institutions from undertaking projects to get their counterparty data in order. As a result, counterparty data is fast losing its reputation as the poor relation of the reference data family. As Mike…
EDM Evolves to Cover Workflow Orchestration, Study Finds
Enterprise data management (EDM) is entering a new phase, progressing from a goal of collating, cleansing and storing data, and evolving into a broader strategy encompassing workflow orchestration and subsequent distribution to downstream applications. This is one of the key findings in a new white paper produced by A-Team Group and sponsored by Reuters. The…
Complex Event Processing – It’s More Than Algo Trading
Part 4 of 4 [Don concludes this series by looking at CEP applications beyond the financial markets] A Few Examples Beyond Capital Markets Financial services is fundamentally about information. As a result, there is probably no end to the amount of use cases which will ultimately take advantage of CEP. At a minimum, wherever there…
Wiener Börse Taps Interactive Data To Support MiFID Offer
Interactive Data Corporation’s Pricing and Reference Data business is to supply reference data to Austrian securities exchange Wiener Börse to support its new MiFID OTC transaction reporting facility. Interactive Data’s MiFID related reference data identifies trade venues and their types by location codes, the most relevant market for an instrument, whether an instrument is within…
Bank of New York Mellon Reviews Legacy Reference Data Assets
The Bank of New York Mellon is currently analysing the reference data assets inherited from both the Bank of New York and Mellon pre-merger, as part of its efforts to create a “best of breed” platform to support its clients going forward. A decision is expected by the end of this year on what the…
Standing Settlement Instructions: Bringing the Poor Relation of Reference Data into the Fold
Awareness of the fact that missing or inaccurate standing settlement instructions (SSIs) are a major inhibitor to true straight-through processing (STP) is as long-standing as the industry’s focus on STP itself. Problems with SSIs are still the biggest single cause of reference data-related trade fails, which themselves are the second biggest cause of fails behind…
Reuters’ New JRisk On Demand Offering Packages Broad Coverage of Evaluations, Terms and Conditions
Reuters’ new JRisk On Demand, a tailored risk management solution for hedge funds developed by the Applied Networks unit that it acquired last year, not only delivers real-time risk management tools directly to individual managers’ desktops, but aims to provide “enormous” cost benefits to clients through access to Reuters reference and terms and conditions data. …