Data Management Insight Blogs The latest content from across the platform
Turquoise Joins MTF Symbology Initiative
Turquoise has joined the industry working group set up by fellow multilateral trading facilities (MTFs) to develop and maintain a uniform symbology framework for European equities. The group was formed last October by Bats Europe, Chi-X Europe and Nasdaq OMX Europe to address the challenges posed by conflicting stock symbols used in European equities trading….
EACH Supports the Introduction of a CCP for OTC Derivatives
The European Association of Central Counterparty Clearing Houses (EACH) has published a paper that indicates its support for the introduction of central clearing counterparties for the OTC derivatives markets. The industry association believes a CCP can serve as part of the blueprint to effectively mitigate counterparty risk and improve operational efficiency in the OTC derivatives…
Markit Rolls Out XSP Platform in London, New York and Singapore
Following the extended implementation of its solution at index provider FTSE Group in December, XSP has completed the rollout of its v5 corporate actions platform at Markit in London, New York and Singapore. Markit will use the solution to assist in the automation of some of the complex processes within its bespoke index calculation and…
New York Federal Reserve Poaches Citi’s Bottega as Chief Data Officer for its Markets Division
John Bottega’s no show at last year’s FIMA London event was noted by many and there was much speculation at the event that he was soon to leave his post as chief data officer for Citi’s Institutional Client Group. Reference Data Review can now indeed confirm that Bottega has moved onto pastures new: he has…
Markit Launches Multi-bank, Cross Asset Client Valuations Platform
Following 12 months of development, Markit has finally launched its new multi-bank, cross-asset client valuations platform with much fanfare. The new platform has been developed in partnership with six banks and a couple of buy side firms and purports to provide a secure, standardised view of OTC derivative positions and valuations across counterparties. The platform,…
UK FSA Extends AII Deadline for Derivative Transaction Reporting to September
The UK’s Financial Services Authority (FSA) is giving approved reporting mechanisms (ARMs) more time before they have to start providing derivative transaction reports using the Alternative Instrument Identifier (AII). The go live date is now 21 September as opposed to end of the first quarter. The FSA is also setting up a number of support…
Swift Appoints Ex-BNY Mellon Exec Curtin as Head of Securities Initiatives for the Americas
Following the appointment of ex-BT Radianz MD Chris Church as global head of Securities last year, Swift has beefed up his new team with the addition of ex-Bank of New York Mellon executive Patrick Curtin. Curtin joins as head of securities initiatives for the Americas and will report to Church in his capacity as chief…
Fed’s Bernanke Champions Mark to Market But Says Illiquid Securities Issue Needs Resolution
Federal Reserve chairman Ben Bernanke has added his voice to the debate about mark to market accounting rules this week. Bernanke is in favour of the controversial accounting rules, which require companies to write down assets every quarter to reflect market value, but cautions that regulators urgently need to deal with the issues surrounding the…
G2systems Signs Reseller Agreement with IBM for EDM Solution Optim
Software integration and implementation services vendor G2systems has signed a reseller agreement with IBM for its enterprise data management (EDM) product Optim. Under the agreement, G2systems will offer the IBM solution to its client base of hedge funds, investment firms and fund administrators. The deal is indicative of the current trend within the data management…
Fiserv Rebrands, Streamlines Management and Launches Global Ad Campaign
Following its acquisition of CheckFree at the end of 2007, Fiserv has finally decided to rebrand the business under its own moniker. The vendor claims this rebranding exercise and global advertising campaign represents its new consolidated approach to the financial technology market. The management team and organisational structure have also been streamlined (and we all…