Data Management Insight Blogs The latest content from across the platform
Markit Document Exchange’s E-Tax Offering Has Gone Live, 20 Banks on Board
In April last year, Markit signed a partnership agreement with tax compliance software and consulting company, Compliance Technologies International (CTI) in order to integrate CTI’s electronic W-8 application for the US Internal Revenue Service (IRS) with Markit Document Exchange’s counterparty document solution. Based on this work, the vendors have launched their E-Tax offering, aimed at…
XBRL US Campaigns to Extend Tagging into ABS Markets for Source Documents
The Securities and Exchange Commission (SEC) may have mandated XBRL tagging for financial reporting but XBRL US is also keen to extend its reach into the asset backed securities (ABS) markets. In a recent testimony to the US Domestic Policy Subcommittee Oversight and Government Reform Committee, Mark Bolgiano, president and CEO of XBRL US, recommended…
US Financial Reform Bill Includes Key Data Standardisation Recommendations
The recently published US Financial Reform Legislation Bill contains important data standardisation proposals including the establishment of an Office of Financial Research to monitor and collect data from across the industry. The new regulatory body would include a data centre that would be charged with doing the legwork, namely collecting, validating and maintaining all the…
Ex-HSBC EDM Head Hinds Joins Credit Suisse as Programme Manager for Reference Data
Following her exit from HSBC at the start of this year, data management champion and regular FIMA speaker Sally Hinds has resurfaced as Credit Suisse’s new manager in charge of running the firm’s global reference data governance programme. At HSBC she spent more than four years as global head of EDM of the bank’s Global…
Eurex Clearing Introduces Real-time Risk Management for All Customers
Eurex Clearing successfully launched its new “Enhanced Risk Solution”, a real-time risk data distribution service. Europe’s largest clearing house is the first central counterparty worldwide to offer risk management and margining data in real-time to its trading and clearing members. This innovative service further expands Eurex Clearing’s existing state-of-the-art risk management tools. The Enhanced Risk…
Investec Asset Management Planning to Rationalise London and Cape Town Data Hubs This Year, Says Schoonraad
Following its implementation of the Netik InterView data warehouse in separate iterations at its Cape Town and London operations, which began back in 2004 and was completed last year, Investec Asset Management is now planning to rationalise these two data warehouses so that it can operate from a single global data warehouse. Waldi Schoonraad, UK…
Auris Gestion Privee Chooses Pricing Partners for the Independent Valuation of its Structured Products
Pricing Partners announced today that Auris Gestion Privée has selected the Price-it Online platform for the independent valuation of its structured products. Marc de Saint Denis, chairman of Auris Gestion Privée, commented: “Our company had been looking for a reliable and recognized solution for some time now. After carefully evaluating several tentative solutions, we have…
Lehman Investigation Indicates Immense Scale of the Data Challenge Due to 350bn Pages of Data and “Arcane Systems”
The recently published examiner report into the Lehman bankruptcy indicates the scale of the data challenge faced when winding down a financial institution of its size: the examiner was faced with three perabytes (otherwise known as 350 billion pages) of electronically stored data to process. Unsurprisingly, given the fact that information needed to be presented…
Broadridge Announces New Head of Continental Europe for its International Securities Processing Solutions Business
Broadridge Financial Solutions today announced the appointment of Andreas G?nther as head of Continental Europe for its international securities processing solutions business, which currently operates from its offices in Germany, Switzerland and the Czech Republic. He will continue to report to Tom Carey, president, Securities Processing Solutions, International, Broadridge. In his new role, G?nther will…
FactSet Research Systems Witnesses Revenue Uptick of 0.5% for Second Quarter
After a difficult first quarter of fiscal 2010, data and analytics vendor FactSet Research Systems seems to be experiencing a return to form with an overall revenue increase of 0.5% for the second quarter on previous year’s figures. Phil Hadley, chairman and CEO of the vendor, indicates that he believes the investment in its business…