Data Management Insight Blogs The latest content from across the platform
Daiwa Securities Extends XSP Software Agreement with Xcitek
Daiwa Securities America has extended its XSP software agreement with Xcitek for corporate actions processing. The Japanese-owned broker/dealer, which implemented the application in 2004, has renewed its contract for another three years. Xcitek will also accelerate its delivery of the Swift Standards Release (SR) 2007 Upgrade for XSP to clients. Xcitek will be delivering its…
Universal Business Entity Identification: An Impossible Dream? By Ken Price, CEO, Avox
A unique, international business entity identifier (IBEI). What’s so hard about that? We send shuttles into space, perform heart transplants and generate nuclear power. Why do we have such a hard time agreeing on the identity of a mining company in Johannesburg, a drug company headquartered in Basel or a hedge fund in the Cayman…
Bank Mandiri (Europe) Implements Cicada Profiler
Bank Mandiri (Europe) is installing Cicada’s Profiler software as part of an internal project to evaluate the advantages of automating its client onboarding, periodic compliance reviews and AML risk rating process.
Swift Gears Up for CIVICs, Nears Selection of Data Partners
As it evaluates third party database solutions and prepares to select a partner or partners to bolster its data gathering and validation capabilities, bank-owned messaging services provider Swift is making progress towards the creation of a directory of collective investment vehicle identification codes (CIVICs) based on the bank identifier code (BIC). However it is resolute…
Vermeg Completes Swift Testing For Corporate Actions
MEGACOR, Vermeg’s end-to-end corporate actions solution, has completed the Swiftnet Testing and Certification Service Proof of Concept (POC) project for ISO 15022 corporate actions messages. MEGACOR has also been accredited, for the fifth consecutive year, with the SwiftReady Gold Label in the corporate actions category.
Telekurs Specifies Reference Data Changes for MiFID Compliance
Telekurs Financial has released further details of the reference data it is adding to its Valordata Feed (VDF) to help its clients comply with MiFID. These details add flesh to the bones of the announcement the vendor made late last year of its plans to address the data requirements of MiFID (Reference Data Review, November…
ICMA Issues Proposals to Publish Post-Trade Data Online
The International Capital Market Association (ICMA) has issued proposals for consultation to launch two new pilot services that will see post-trade information and data on large liquid bond dealings published online. The new services would see all trades in large, liquid bonds published at the end of the business day. This would be made available…
Firms Shy From Cost of Migration To New Ref Data Codes for MiFID
The Committee of European Securities Regulators (CESR) has published the responses to its public consultation on the use of reference data standard codes in transaction reporting under MiFID. By press time however CESR had not published its final decisions on the codes to be used, so it is as yet unclear whether the responses will…
Euroclear NIEC to Serve as New Dutch National Numbering Agent
Euroclear NIEC (Nederlands Interprofessioneel Effectencentrum NIEC) is to serve as the national numbering agent for newly issued securities in the Netherlands. The transfer of this service from Euronext Amsterdam will take place in accordance with the rules of the Association of National Numbering Agencies for role transfers. More than 70 per cent of newly created…
Standard & Poor’s Hires Elisabeth Nygren to its Data & Information Services Business
Standard & Poor’s has appointed Elisabeth Nygren associate director of marketing, Europe. Elisabeth joins S&P from The Mergermarket Group, the mergers and acquisitions news and intelligence service, where she was global head of communications.