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ING Investment Management Builds MS-Based Ref Data System
ING Investment Management Americas, the US investment arm of ING Group, has used Microsoft technology to implement a database to help its employees manage, access and analyse investment data from a range of data sources. Using Microsoft Windows Server System products including SQL Server 2005, .Net Framework 2.0 and ASP.Net, ING has created the Relative…
Schroders Takes Citadel’s CADIS For Pricing and Analytics
Global asset manager Schroders plc is implementing Citadel Associates’ CADIS data management system for pricing and analytics. Schroders is the fourth investment manager to take CADIS in recent months, with others including AMVESCAP and the Canada Pension Plan Investment Board (Reference Data Review, November 2006). Robin Strong, Citadel’s head of sales and marketing for EMEA,…
Looking into the EDM Crystal Ball By Michael Atkin, managing director, EDM Council Inc
It seems like only yesterday we were talking simply about reference data with lots of debate over definitions, an underlying focus on operational efficiency and a business case cut straight from the technology ROI rulebook. My, my how quickly things have changed. Reference data has evolved into EDM. Risk mitigation has replaced operational efficiency. And…
A-Team Analysis: IBEI Fears Grow as MiFID Approaches
Concern among industry participants is growing about the possible operational and financial implications of the current lack of a standard International Business Entity Identifier (IBEI) for use in transaction reporting under MiFID. The issue raised its head (again) during a meeting of experts this month in London under the auspices of an ISO Working Group…
Mellon to Provide Independent OTC Derivatives Valuations
Mellon Financial Corporation is to provide to institutional clients through its Asset Servicing group an independent over-the-counter (OTC) derivatives valuation service covering a range of swaps and options. The move comes as regulatory and risk pressures force investors to seek independent valuations, rather than relying entirely on their investment managers or prime brokers. The new…
Netik InterView Central to SOA At Daiwa Securities GAS
Dublin based hedge fund administrator Daiwa Securities Global Asset Services (GAS) has rolled out the Netik InterView data warehouse platform for data management and reporting. The Netik solution is central to the administrator’s services oriented architecture (SOA) strategy, based around Microsoft .Net technologies, and going forward will be used to synchronise all data between its…
2007: A good year for EDM?
The good news to kick off the year with is that reference data is getting more important. It is a major component of the recently announced wide-ranging HSBC enterprise data and technology deal we are told. Elsewhere in this issue of Reference Data Review there are further indications of this positive trend: a rock solid…
Microsoft’s MiFID Pitch Touts TAP Among Partner Solutions
Microsoft has set out its MiFID stall, and has identified reference data and client classification as two of the eight MiFID related challenges it wants to help financial institutions address through its initiative to offer “mix and match” MiFID solutions in conjunction with a range of partners. TAP Solutions, provider of the Microsoft based TAPMaster…
BoNY/Mellon Merger Brings Rivals Eagle and Netik Under One Roof
The merger of Bank of New York and Mellon Financial Corp. not only creates the world’s largest securities servicing and asset management firm globally, it also brings under one roof two fiercely rival data warehouse providers, Mellon-owned Eagle Investment Systems and Bank of New York-owned Netik, calling into question the future strategy of the firms’…
SunGard Lets Go EDM Experts Odho and Ord, Streamlines FAME
SunGard has made redundant members of the Enterprise Data Management (EDM) group within its Enterprise Solutions Group – Marc Odho and Rob Ord – as well as a small number of people from within the FAME business unit as part of a streamlining exercise. While the shedding of such high profile data experts has prompted…