Data Management Insight Blogs The latest content from across the platform
Optimism Abounds at FIMA Data Integration Stream
In spite of – or, indeed, maybe because of – the grim news emanating from the financial pages in recent weeks, enterprise data management practitioners have much to be optimistic about. That was at least the impression given by presenters in the Data Integration stream of the FIMA Financial Data Management Conference Wednesday afternoon. Stream…
Calyon’s Moutot Elaborates on Centralised Counterparty Database Challenge
Calyon has been engaged in a lengthy project to connect its “patchwork of IT systems” for counterparty data and has, thus far, managed to eliminate 30,000 duplicates, said Serge Moutot, the firm’s head of global referentials management. He explained to FIMA delegates that the decision to centralise and integrate counterparty data across the firm was…
Central Utility for Reference Data is Desirable but Not a Realistic Goal by Next Year, Say RDR Readers
According to the results of our latest reader poll, the majority of you believe that a central utility for reference data is a desirable addition to the market. Over half of respondents, at 52%, indicated a central utility is needed, but said that it is not a realistic goal for next year. This should be…
Institutions Must Keep a Close Watch on Their Vendors, Says Credit Suisse’s Largier
Financial institutions need to be proactive in the management of their vendor relationships, said Peter Largier, global head of reference data analysis and projects at Credit Suisse. “You need to professionally evaluate the service you are getting from your data vendors,” he told delegates to FIMA 2008. Largier focused his session on how to get…
Pampapathi Advocates UPS Courier Model for Data Metrics Projects to FIMA 2008 Delegation
Institutions should follow the model of courier firms such as UPS when designing their data management frameworks, Dr Vinay Pampapathi, executive director of the technology division at Daiwa Securities SMBC Europe, told the delegates in attendance at this morning’s opening session to FIMA 2008. Using this model, institutions are able to track various data quality…
Understanding Risk is Key to Effective Data Management, Says BNY M’s Cox
Institutions need to invest in automated processes and good quality staff in order to adequately assess their risk exposure within data management process, said BNY Mellon’s Matthew Cox, head of securities data management, EMEA. They also need to understand the internal risks that are posed by bad quality data and examine what vendors can and…
Institutions and Vendors Need to Carefully Agree on Metrics as a Scorecard for Performance
During this afternoon’s vendor/client double act, Tommy Drummond from vendor Informatica and Benjamin Gavin from insurer Norwich Union explained the benefits of a scorecard against which to measure data quality. They demonstrated to FIMA delegates the benefits of clear data quality metrics via a practical case study. The metrics and targets for projects must be…
Third Party Consensus Data is Not Dead But it’s Dwindling, Says Citi’s Booth
The buy side is busy creating its own resources for consensus data and this has meant that third party provision of this data is slowly declining in importance, said Paul Booth, co-head of the global data services team at Citi Investment Research. The decision to source this information directly is being taken by many of…
LakefrontData Creates Data Management Industry Jobs Website
Against a backdrop of widespread redundancies and an increasingly competitive employment market, LakefrontData has launched a website specifically targeted at advertising jobs for the data management industry. According to the vendor, which was created from the merger of LakeFront Data Ventures (LDV) and data integration vendor ReferenceDataFactory (RDF) earlier this year, data management professionals can…
NumeriX Develops Data Adapter for Fitch Solutions Consensus Pricing Data
Fitch Solutions has established a partnership with NumeriX, under which NumeriX will launch a new data adapter that supports Fitch Solutions consensus pricing data for corporate, sovereign, loan and asset backed credit derivatives, as well as credit default swap (CDS) indices information. Steven O’Hanlon, president and chief operating officer of NumeriX, explains the benefits for…