Data Management Insight Blogs The latest content from across the platform
ObjectStore Targets Reference Data with Real-Time Technology
ObjectStore has outlined plans to apply its real-time data processing services to the reference data business. The company, part of Progress Software, provides high performance data management for streaming data and complex event processing and real-time data caching services. It believes that it can implement a data service layer within financial institutions, saving them from…
Markit Signs Up Spanish Grupo BBVA
Markit has secured Spanish Grupo BBVA as a client for its Markit Red database of reference entity names and codes for credit default swaps. Juan Fernandez Blasco, head of trading at Grupo BBVA, says, “The need for precise reference entity data in the CDS market led us to sign a contract with Red… It will…
IDS Uses Evare for Custodian Links, Cleaner Data
To provide higher quality and cleaner data within its hosted portfolio management solution, Integrated Decision Systems (IDS) has chosen Evare to provide custodian interfaces, allowing it to “eliminate the paper and manual data entry,” says Lisa Williams, director of product management, Global Investment Manager at IDS. Evare provides links with global financial institutions for acquiring,…
Mark Your Calendars: CityCompass, RDUG Corporate Actions Briefing
CityCompass is hosting a briefing on March 3rd, supported by Reference Data Review, to debate the issues raised in RDUG’s Interim White Paper from its Corporate Actions Working Group. The white paper summarises the work carried out to date within the practitioner and vendor/supplier communities and the event aims to discuss the issues and the…
Counterparty Link Raises the Bar For Counterparty, Entity Data
The launch a few weeks ago of a new company and eponymous data product, CounterpartyLink, signifies the growing demand for counterparty and legal entity data, fuelled by increasingly stringent regulatory requirements. To date, the main source of legal entity data has been Dun & Bradstreet’s Duns numbers, and more recently the joint Crosswalk initiative it…
Battle of the Reference Data Industry Groups? Atkin Launches Findac, As FISD Gears Up
Competition looks set to hit the reference data industry bodies space, as former FISD chief Mike Atkin has found a backer to set up his own industry group – Financial Data Coalition (Findac) – which appears to be in direct competition with his former employer. Findac, which has the tagline: “Promoting standards and efficiencies in…
Volante White Paper Promotes Federated Approach to Data
Volante Technologies chief technology officer Krishna Sudarshan espouses a federated approach to reference data in a recently issued what paper, Reference Data – an Insight into This Thorny Problem. Sudarshan promotes the idea of using Volante’s Message Metadata Repository and other technologies to build and maintain central metadata rules without the need for a single…
Bank of New York Picks ValueLink Giving Boost to Outsourcing
Giving a vote of confidence to the outsourcing discussion, Bank of New York (BNY) has opted for Value-Link’s pricing validation service over sourcing data feeds directly from the information vendors, after a year-long RFP process. BNY’s Central Pricing Unit will be sourcing a range of daily intraday and closing valuation pricing data with global coverage…
The Need for Governance in Data Centralization Projects Selected extracts of a white paper by Steve French, Azimuth Financial
Many organizations have attempted to create centralized data groups (CDGs) responsible for sourcing, maintaining and distributing core data to all departments. There are clear reasons for doing this: efficiency, consistency, data quality, risk and regulatory compliance. However, despite all of these drivers, very few organizations have created CDGs. Of the top 20 investment banks (as…
Competition is good, right?
We all know that competition is good, right? But can competition be good when you’re talking about industry organizations, supposed to be there to facilitate cooperation among commercially driven, competitive business entities? What happens when the industry associations suddenly become competitive themselves? Will it impede progress or will it provide further impetus to progress the…