Data Management Insight Blogs The latest content from across the platform
Automation is Not a Magic Bullet for Corporate Actions, Says CityIQ
Although areas such as data capture and notifications have been automated, there are still many areas to be tackled in the processing of corporate actions, according to the results of CityIQ’s recent corporate actions survey. Moreover, automation is not the end state for efficiency in the space: adherence to market practices and greater standardisation are…
Omgeo Acquires Allustra and GEM Recs Platform, Steps up Efforts in OTC Derivatives Market
Omgeo has stepped up its push into the OTC derivatives space with the acquisition of Allustra, a London-based provider of collateral management solutions, and the license for a derivatives portfolio reconciliation platform from Global Electronic Markets (GEM). Allustra’s suite of products are aimed at providing customers the ability to consolidate trade positions across asset classes,…
DTCC Extends to Dividend, Redemption and Reorganisation Services for Canada
The Depository Trust & Clearing Corporation (DTCC) has enhanced its settlement link with CDS Clearing and Depository Services to offer new corporate action services including dividend, redemption and reorganisation services. Patrick Kirby, DTCC managing director for Asset Services, explains to Reference Data Review that the expansion of the services in this area is a result…
Interactive Data Appoints Reference Data Expert Sey to Head Strategy for UK Managed Solutions Business
Interactive Data Corporation has appointed current reference data business manager for Europe Nat Sey to the position of general manager of its Managed Solutions business in the UK. In this position, he will be responsible for managing the financial performance and strategic direction of the division. Reporting to Carsten Dirks, managing director, Interactive Data Managed…
Firms Should Review Data Management in Light of Increasing Volumes, Says JWG-IT
Originally appeared in MiFID Monitor A new white paper published by London-based think tank, JWG-IT, calls on firms to change the way they look at data management in light of ever-increasing equity order volumes and execution venues. It includes findings from recent surveys in London and Frankfurt where 78% of firms rated overcoming the cost…
OTC Val Expands Coverage to Illiquid Mortgage and Asset Backed Products
OTC Valuations (OTC Val) has expanded its securities coverage to address valuation for illiquid mortgage, credit card, and bank loan related products. The vendor claims the extension to these products will accommodate audit and internal risk compliance requirements for securities with no market observable prices. Under liquid market conditions, the fair value of these asset…
Department of Finance Canada Picks Reval Centre for Derivatives Valuations
The Department of Finance Canada has selected Reval Centre for independent derivatives valuations from financial risk management solution and service provider Reval. The government body will use the solution to provide option fair values for its Canada Savings Bond (CSB) and Canada Premium Bond (CPB) retail bonds. The vendor has an existing relationship with the…
Hyundai Securities Selects Teradata for Next Gen Data Warehouse
Korean brokerage firm Hyundai Securities has selected Teradata to provide it with a data warehouse, which will include Teradata 12 Database and the Teradata Active Enterprise Data Warehouse 5550. The firm, which has been using Teradata’s data warehousing technology since 1999, is planning to use the new technology to build a real-time enterprise data warehouse….
BAFT and Bankersalmanac.com Collaborate to Extend Due Diligence Repository
Originally appeared in MiFID Monitor Bankersalmanac.com and the Bankers’ Association for Finance and Trade (BAFT) have agreed to collaborate on promoting and extending the coverage of the reference data vendor’s Due Diligence Repository, which was launched in 2004. The repository has been set up by Bankersalmanac.com as an industry utility and BAFT will be engaged…
XSP Picks Tier 3 to Host Data Centre and Technology Infrastructure Requirements
XSP has selected Tier 3, which calls itself an infrastructure as a service (IaaS) provider, as a strategic partner to host and maintain its data centre and technology infrastructure requirements. According to the vendor, Tier 3 will also provide an environment for hosting its User Acceptance Testing (UAT) and software automation labs. The corporate actions…