Data Management Insight Blogs The latest content from across the platform
Cicada Spins Off CounterpartyLink to Investors Guaranty Global Alliance
Following several months of market speculation, CounterpartyLink has been sold by parent Cicada Cos to a group of investors led by Andover Capital, part of the Zurich-based specialist fund Investors Guaranty Global Alliance (IGGA). The deal places CPL among a number of financial content and technology investments already owned by IGGA and the Investors Guaranty…
SuperDerivatives Names Baker Head of Sales, UK, Ireland, Middle East and Africa
SuperDerivatives has appointed Stephen Baker as head of sales for the UK, Ireland, Middle East and Africa. Prior to joining SuperDerivatives, Baker served as head of the Hedge Fund Consulting Practice at Accenture, which he established in the UK. His experience also includes senior sales management positions at Bloomberg in London and New York. Baker…
Invesco PowerShares Utilises Interactive Data
Invesco PowerShares is using Interactive Data’s Fair Value Information Service and Basket Calculation Service as inputs to the valuation processes for its exchange-traded funds (ETFs). The Basket Calculation Service provides the IOPVs for Invesco PowerShares’ new municipal bond ETFs. It uses Interactive Data’s real-time fixed-income valuations, real-time equity pricing and interest rate data to calculate…
FactSet Acquires a Copy of Thomson Fundamentals Database
Thomsom Reuters is to sell a copy of the Thomson Fundamental database to FactSet Research Systems, provider of integrated financial information and analytical applications to the global investment community. The deal will include copies of the database, source data, collection software, documentation and collection training materials, as well as the potential for FactSet to acquire…
LaCrosse Global Fund Services Selects CMA DataVision for Independent Valuation Service
CMA, the credit information specialist recently acquired by CME Group, has signed LaCrosse Global Fund Services as a client for its consensus-based price verification data, DataVision, as a key component of LaCrosse’s valuation service for global clients. With 10 global offices in major and emerging markets, LaCrosse provides operations, middle-office and fund administration services to…
Fitch Launches Pricing Service for Asset-Backed Credit Default Swaps to Meet Growing Demand
Fitch Solutions last month launched a new pricing service for asset-backed credit default swaps (ABCDSs). The new services is aimed at meeting what Fitch sees as growing demand for independent pricing that covers the ABS product spectrum. As such, the company is pitching the new service as complementary to its existing single-name credit-default swap and…
Disparate Markets and Complex Trading Call for Smarter Exceptions Management – Contributed by Coexis
Disparate markets and complex trading call for smarter exceptions management, argues Donal O’Brien, business development director of Coexis. If Societe Generale’s reference data systems had been a bit wiser to the activities of its users, could the actions of Jerome Kerviel and the French bank’s subsequent £3.7bn loss have been avoided? The need for increasingly…
Fitch Solutions Launches ABCDS Pricing
In order to meet the growing demand for an independent source of pricing data that covers the global ABS product spectrum, Fitch Solutions has launched Fitch ABCDS Pricing to complement its existing single name CDS and Loan CDS services. Fitch ABCDS Pricing includes coverage of over 7,500 ABCDS combining consensus pricing for liquid issues with benchmarking…
Benelux’s Petercam Goes Live with KEYdata from Sterci for Centralised Data Management
Switzerland-headquartered STP software vendor Sterci says Benelux-based private banking and asset management institution Petercam has been using its KEYdata solution for reference data management since January 2008. Sterci is known less as a reference data specialist than as a provider of trade process automation solutions – though it also boasts Euroclear Bank as a KEYdata…
GoldenSource Adds Raft of New Connections to Support Risk Management, Ease EDM Implementation
Enterprise data management system supplier GoldenSource has introduced a series of connections to sources of high risk/high value data in areas such as derivatives, risk, pricing, corporate actions and counterparty data, with the addition of the Standard & Poor’s (S&P) Cusip Master File database, Markit RED, RIMES Fixed Income Benchmarks data platform, Bloomberg Extended BackOffice,…