Data Management Insight Blogs The latest content from across the platform
Knight Selects Fidelity ActionsXchange to Provide Corporate Actions Intelligence
Fidelity ActionsXchange, a provider of global corporate actions solutions, today announced that Knight Clearing Services, a subsidiary of Knight Capital Group, has selected its ActionService platform to provide corporate actions information, such as corporate reorganisations, restructuring and mergers, to support the firm’s equity trading operation. ActionsXchange is a wholly-owned subsidiary of Fidelity Investments and provides…
Handling Electronic Records and Dealing with Risk Management
By Robert Jones, legal consultant at Kroll Ontrack, and John Doherty, litigation partner at Manches What other challenges and benefits might arise when addressing the most effective management of electronically stored information? The Information Commissioner’s Office recently announced new fines to deter breaches of the law in relation to personal, which could see organisations being…
Incisive Capital Management Selects Pricing Partners’ Price-it Excel for its Inflation Derivatives Business
Pricing Partners has announced that Incisive Capital Management, the Dublin based investment management firm, has selected Price-It Excel to price and risk manage its inflation linked business. Pricing Partners’ flagship software, Price-It Excel, authorises Excel to price and value with a generic and intuitive language and cashflow, allowing the description of virtually any product. Featured…
A Third of Hedge Funds Have Invested in Automation to Improve Pricing, According to Omgeo Survey
A third of the 50 hedge funds involved in a recent survey commissioned by Omgeo and conducted by Greenwich Associates have invested in improving their valuations and accounting systems, with many more focused on reducing counterparty risk. The fallout from the financial crisis and the intense regulatory and client scrutiny of the hedge funds market…
Avox and Cusip Global Services Finally Launch New Business Entity Identifier JV
Following the signing of a partnership agreement to launch an entity identification joint venture last April, Avox and Cusip Global Services (CGS) have finally launched their new service based on the vendors’ Cusip Avox Business Reference Entity identifier (Cabre) codes. The new offering, which has been dubbed the Cabre Directory Service, aims to provide a…
Luzerner Kantonalbank Upgrades to GFI Group’s FENICS Professional
GFI Group Inc. announced today that Luzerner Kantonalbank is deploying FENICS Professional which enables the bank access to FENICS Structuring and FENICS Enterprise. A GFI FENICS client since 2006, Luzerner Kantonalbank is extending its agreement for a further 3 years and will continue to use GFI Professional for FX options price discovery, portfolio management and…
Does the Industry Want or Need a New Data Standards Body or Data Tsar?
Last week’s reference data conference in London threw up a few interesting ideas with regards to leading the charge for reference data standardisation in the market, not least of which was the creation of a new standards focused body. In addition to a senior level data representative on the board of every financial institution, speakers…
Interactive Data Achieves Full-Year 2009 Targets for Revenue, Income from Operations and Net Income
Interactive Data Corporation today reported its financial results for the fourth quarter and full year ended December 31, 2009. Interactive Data’s fourth-quarter 2009 revenue of $194.1 million was unchanged from the fourth quarter of 2008. Income from operations in the fourth quarter of 2009 was $50.4 million, an 11.7% decrease from $57.1 million in the…
Financial Institutions Call for Collaborative Action with Regulatory Support to Develop Missing Reference Data
The aforementioned two-day conference on reference data management for the banking industry has revealed major gaps in the industry’s ability to meet the tsunami of regulatory requirements. Officials from the European Central Bank, Committee of European Securities Regulators, JWG, the regulatory think-tank, and over 20 bankers discussed today’s reference data challenges and explored the industry’s…
Corporate Actions Data Increasing in Complexity and Frequency, Says BNY Mellon’s Cox
The innovation in the market and the high degree of corporate restructuring going on across industries at the moment has meant corporate actions have become more frequent and much more complex, says Matthew Cox, head of securities data management in EMEA for BNY Mellon Asset Servicing. This, in turn, has meant that banks are being…