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Holmes to Head Up New Cicada Subsidiary Focused on Compliance
Cicada has created a new subsidiary, Profiler Solutions, to focus on compliance. Headed by Cicada executive vice president Hubert Holmes, the new business unit will offer software solutions to help firms meet regulatory requirements around know your customer (KYC) and anti-money laundering (AML), based on its Profiler solution. As reported in Reference Data Review last…
Reuters Says Detail Will Differentiate Counterparty Service
The counterparty data service under development at Reuters will be differentiated from others in the market by its scope, the level of detail of its information and its ease of integration, according to the vendor. As exclusively reported in Reference Data Review last month, Reuters is currently building the service in conjunction with a third…
CB.Net Adds Routing BICs to Directory to Aid SEPA Compliance
CB.Net is adding Swift-enabled routing BICs to its international payments directory BankSearchPlus, part of the CB.Net Payments Reference Data Service. The new capability, supported by the addition of an extra field to allow the identification of the routing BIC, is available as part of a standard upgrade to users of the vendor’s web-based service and…
Reuters Enters Counterparty Data Race, New Service Planned in 2007
Entering the counterparty data race, Reuters is developing a dedicated counterparty data service scheduled for launch in the first half of 2007. The vendor is working in partnership with an as yet unnamed third-party counterparty content specialist. According to Kevin Bradshaw, head of enterprise information at Reuters, an audited set of counterparty information, which can…
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…
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…
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…