Data Management Insight Blogs The latest content from across the platform
GlobeOp Names Glickman Global Head of Risk Services
Originally appeared in MiFID Monitor GlobeOp Financial Services has appointed risk management veteran Tony Glickman as global head of risk services and member of its operating committee. He will report to Vernon Barback, GlobeOp president and chief operating officer, and will be based in the company’s New York City office. According to Barback, Glickman was…
Euroclear Agrees to Buy Xtrakter Off ICMA as Part of Drive to Broaden Trade Matching Service Offering
Originally appeared in MiFID Monitor Euroclear has continued on the acquisition trail this month by signing an agreement with the International Capital Market Association (ICMA) whereby Euroclear will acquire 100% of Xtrakter, the ICMA subsidiary, for an undisclosed cash amount. Ignace Combes, deputy CEO of Euroclear, explains that the acquisition is part of the firm’s…
The seven deadly sins versus the “truth”
Unusually for a financial services conference, this year’s FIMA focused on the negative aspects of capitalism; the topic of the seven deadly sins kept cropping up throughout the sessions – including greed, sloth and gluttony (well, at the buffet table at the very least…). However, these aspects of the industry were not seen in a…
FIMA 08: Make Reference Data Relevant To Front Office With Clear Metrics
Given the current financial crisis it was unsurprising that this year’s FIMA conference – held in London on 11 to 13 November – was focused on surviving the current financial crisis by employing better data management strategies. Although numbers were down and a number of familiar faces, such as Citi’s John Bottega, were absent, the…
Yuanta Financial Holdings Selects NumeriX Excel for Valuations and Risk Management
Yuanta Financial Holdings has deployed NumeriX Excel within its risk department to provide analytics and pricing for derivatives and structured products. Via the implementation of the solution, the Taiwan-based firm hopes to more accurately price and calculate mark-to-model prices as well as measure the risk for these products, says Connie Lin, chief risk officer at…
Interactive Data to Acquire Majority of NTT Data Financial for US$20.2m
Interactive Data Corporation has announced its intention to acquire the majority, at 64%, of NTT Data Financial Corporation (NDF) from NTT Data Corporation for 1.9 billion yen, or approximately US$20.2 million, in cash. The two firms have been redistribution partners for more than 14 years but Interactive Data made the decision to have a direct…
Pendo Systems and Data Agent Partner for Data Management Offering
Investment accounting solutions vendor Pendo Systems has formed an exclusive strategic alliance with buy side data management solution vendor Data Agent to deliver an integrated solution aimed at streamlining data management for financial services firms. The two firms are attempting to provide customers with a multi-dimensional platform on which to manage their investment data. The…
Brazilian Hedge Fund Paineiras Investimentos Picks Xenomorph’s TimeScape
Brazil-based hedge fund Paineiras Investimentos has selected Xenomorph’s TimeScape data and analytics management system to replace its current Excel-based solution for data management and validation, risk management and back testing. The hedge fund hopes the system will significantly accelerate its trading and risk management processes, according to partner and trader in the firm Andre Portilho….
Markit Appoints Naro EVP and Global Co-Head of Equities, Commodities and Risk Management
Markit has added Sal Naro to its New York office and appointed him to the position of executive vice president and global co-head of equities, commodities and risk management. He will work in partnership with London-based executive vice president Niall Cameron. Naro joins Markit from fixed income hedge fund Sailfish Capital Partners where he was…
Corero Appoints Forsgren as Head of Sales
Following a difficult year in terms of performance and the departure of a number of senior executives, corporate actions solutions vendor Corero has decided to finish the year with a new head of sales: Mats Forsgren. He will be responsible for all sales activities globally with the Corero Financial Markets division and joins from Chris…