Data Management Insight Blogs The latest content from across the platform
The good, the bad and the ugly (news)…
News that Credit Suisse has been forced to suspend a group of traders in its structured credit trading division after “mis-markings and pricing errors” contributed towards another sizeable write-down serves as a further reminder – if one were needed – that ensuring accuracy and transparency in valuations of complex and hard to price instruments is…
Datanomic Unveils New Version of Data Quality, Integration Platform
Data quality specialist Datanomic has released dn:Director 6.2, the latest version of its data quality and data integration platform. dn:Director 6.2 delivers automated web service generation for deployment of real-time transactional data quality services in a service-oriented architecture, the vendor claims. dn:Director offers an interactive learning environment for organisations to profile, audit, cleanse, parse, match…
BNY Mellon Asset Servicing Goes Live on ValueLink OTC Service
UK-based ValueLink has extended its provision of data services to BNY Mellon Asset Servicing to include OTC counterparty price collection and data reporting. The service for BNY Mellon, which ValueLink has been providing since the first week of December 2007, following extensive testing, is similar to that which the vendor has been providing to BNP…
LakeFront Adds Ian Mathers as Associate Partner
LakeFront Data Ventures (LDV) says Ian Mathers has joined the LDV Data Management Partner Program as a LakeFront associate partner. He will be concentrating his efforts on project management and implementation and process engineering and improvement. Mathers was most recently with Royal Bank of Canada and prior to that, he led the Project Management Improvement…
Netik Buys CRDS, Replaces BNY With VC, Pursues Service Vision
The question of what the merger of Bank of New York and Mellon would mean for the two data management vendors owned by the banks, Netik and Eagle Investment Systems respectively, has been answered, as Netik reveals its new primary investor as Symphony Technology Group. The two-part deal orchestrated by Netik (with Marlin & Associates…
Asset Control Appoints John Mitchell for US Sales
Asset Control has appointed John Mitchell as North American sales director based in New York. Mitchell will be responsible for generating new business and expanding Asset Control’s regional presence. Previously, Mitchell was vice president of sales at Fortent, provider of risk and compliance solutions, and before that he was vice president of global sales and…
Markit to Launch Multi-Dealer Valuations Platform
UK market data vendor Markit Group is working with six Wall Street banks to launch a global, multi-bank, cross-asset client valuations platform. The Markit Valuations Manager platform will provide electronic delivery of daily OTC derivative and consensus cash valuations from Citi, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS alongside Markit’s own independent valuations….
CRIS Consortium to Provide Platform for Independent Valuation, Risk Management of Credit Derivatives
A consortium comprising Zeliade Systems, OTC-Conseil, JPLC, Dexia CL, Evry University and Microsoft France and dubbed CRIS (Credit Risk Services) plans to develop a platform for independent valuation and risk management of credit derivatives. The consortium will have its first test client in the second part of the year and there will be ongoing developments…
Mike Powell to Head Reuters Enterprise Information
As more details emerge of key roles post the Thomson/Reuters merger, it has been decided that Mike Powell will head up Enterprise Information, the position previously occupied by Kevin Bradshaw who departed last year.
FISD Releases MDDL Open Source Licence in Further Bid to Encourage Take-Up
The Financial Information Services Division (FISD) of the Software and Information Industry Association has released a new MDDL 3.0 Open Source licence for the financial information industry. MDDL, or Market Data Definition Language, is an open industry standard XML dialect for securities market data. The announcement of the new licence aims to remove possible ambiguity…