Data Management Insight Blogs The latest content from across the platform
DST Global Solutions Appoints Sarwal as Chief Exec of its Investment Management Solutions
DST Global Solutions has appointed Arun Sarwal as Chief Executive of its Investment Management Solutions business. Sarwal, who has been advising the company on its strategy since September 2008, will head a business division comprising around 800 employees across some 16 locations with responsibility for solutions strategy, application development and delivery, client support and consulting…
US Department of Justice Scrutinises Markit’s CDS Activities
Regulatory scrutiny of the derivatives market is at an all time high following the financial crisis and the desire of the regulatory community to be seen to be taking the issues raised by the crisis in hand. Most recently up for investigation is data provider Markit Group, which is currently under investigation by the US…
The Sibos Vendor Agenda: Fiserv’s Harries on All Things Swift and Securities
Ahead of next month’s Sibos conference in Hong Kong, A-Team Group speaks to exhibitors and attendees about what they’re expecting from Swift this year. Geoff Harries, vice president of product strategy at Fiserv, discusses the hot topics for the conference and how they relate to the vendor’s own agenda. As previously noted by Reference Data…
DTCC Values Additional CDS Contracts in Trade Information Warehouse at US$5.7 Trillion
The Depository Trust & Clearing Corporation (DTCC) reported today that 216,765 credit default swaps (CDS) contracts valued at approximately US$5.7 trillion in gross notional value were entered into its Trade Information Warehouse (Warehouse) by market participants in the global OTC derivatives market. These trade submissions met in part industry commitments made to the Federal Reserve…
CFTC Grants Eurex Clearing Approval to Clear US OTC Derivatives
The Commodity Futures Trading Commission (CFTC) has issued an order with respect to the multilateral clearing activities that Eurex Clearing intends to undertake in the United States for OTC derivative instruments. Eurex is a central counterparty licensed by the Bundesanstalt für Finanzdienstleistungaufsicht (BaFin) of the Federal Republic of Germany. In the order, the CFTC determined…
Volante Earns 2009 Swift Label For SwiftReady Messaging Data Services
Volante Designer for Swift has once again received early certification for the 2009 gold label in SwiftReady Messaging Data Services (MDS). “As always, Volante Designer stands out as a comprehensive messaging data solution for handling Swift messages of all types,” says Eric Meirlaen, business analyst at Swift. “Its metadata-based architecture enables customers to benefit from…
FISD and Lakefront Data Salary Survey Highlights Data Management’s Modest Pay Scales
It is no secret that data management is a part of the financial services industry that has long been underfunded in comparison to other areas. To back up the anecdotal data that already exists about the plight of the data manager, the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA)…
WMBA Welcomes Launch of ICE Clear and Eurex Clearing
The Wholesale Market Brokers’ Association (WMBA), an independent industry body representing the world’s largest interdealer brokers, welcomes the clearing of the first European CDS contracts today by ICE Clear and Eurex Clearing. These first contracts are based on Europe’s iTraxx index and also 17 ‘single name’ constituents from the utility sector. David Clark, chairman of…
EDM Council Publishes Lengthy Update on Semantics Repository
The EDM Council has this week published a full update on its Semantic Repository project, following the completion of its initial development work on static data. The industry group has been working to make the repository more user friendly, says Mike Atkin, managing director of the EDM Council. The industry body is asking for members…
ISITC, AMF and ISDA Publish FpML-based Standards for OTC Derivatives Communications
A global OTC derivatives committee led by the International Securities Association for Institutional Trade Communication (ISITC) has this week published a set of recommendations designed to set messaging standards for communications within the OTC derivatives market. The FpML-based standards, which will be administered by ISITC US, are focused on the contract notifications message flow between…