Data Management Insight Blogs The latest content from across the platform
The Dynamics of Change By Gert Raeves, vice president, business solutions at GoldenSource
Change is like the common cold – there is a lot of it about. The interesting question is not if we are in a period of change: everything is always changing, in the same way that everyone is always busy –the constancy of change is a particularly tired cliché of business life. The better question…
ING Investment Management Builds MS-Based Ref Data System
ING Investment Management Americas, the US investment arm of ING Group, has used Microsoft technology to implement a database to help its employees manage, access and analyse investment data from a range of data sources. Using Microsoft Windows Server System products including SQL Server 2005, .Net Framework 2.0 and ASP.Net, ING has created the Relative…
Bank of New York Adds Valuations for European Swaptions, FX Options and OTC Equity Options
The Bank of New York has expanded its independent valuation service for OTC derivatives to include European swaptions, foreign exchange options and OTC equity options, in addition to the interest rate swaps and credit default swaps already covered. The bank is currently undergoing a merger with Mellon Financial Corporation, which recently announced the availability of…
The maxim of pragmatism
The great thing about standards is – as the old adage has it – there are so many of them to choose from. And yet, there never seem to be enough. Last month we charted the industry’s ongoing frustration at the lack of a standard international business entity identifier which, in the view of some,…
Northern Trust Offers to Manage Collateral for Investor Clients
Northern Trust has built on its independent valuation service for OTC derivatives to offer a suite of automated collateral management services to help investors manage credit risk. The bank believes its new service strengthens the competitive advantage it gained from being the first asset servicer to contract for collateral management outsourcing with Lombard Risk through…
DTCC Develops XML Format For Corporate Actions Data
DTCC is working to create a new XML based format for delivery of corporate actions announcement information via its Global Corporate Action Validation Service (GCA VS), scheduled for roll-out in early 2008. DTCC currently provides data in its own proprietary format and in ISO 15022. The inadequacy of the 15022 format for its purposes is…
Standard & Poor’s Adds IVRS OTC Derivatives Valuations
In line with its strategy to extend its valuations offering into the OTC derivatives area, Standard & Poor’s Securities Evaluations (SPSE) has entered into an agreement with Independent Valuation and Risk Services (IVRS) under which the two companies will provide their valuations to each other’s clients. To date, SPSE has provided its asset-backed securities (ABS)/mortgage-backed…
Capco Re-Engineers Outsourcing Platform as SOA Draws on Opensource, Grid and Web Services
Capco has begun a project to re-engineer the technology infrastructure supporting its provision of managed reference data services, and plans to draw on opensource and grid technologies as well as Web Services, to improve integration with its clients’ operations. The provider’s aim is to improve automation and build in greater scalability to the platform, in…
Omgeo Releases Alert Plus For Bulk SSI Upload Capability
Post-trade, pre-settlement trade management services provider Omgeo, the joint venture company of DTCC and Thomson Financial, has released and signed up the first users for Omgeo Alert Plus. This new feature set within the Omgeo Alert web based database for the maintenance and communication of standing settlement and account instructions is designed to give high…
New Head of ICMA Ltd Milne Predicts Data Aggregation Role
As a collector of data, the International Capital Market Association (ICMA) will play an important role in helping the industry deal with the increased reporting requirements, need for greater transparency and greater requirement for accurate data in a post-MiFID/Basel II European marketplace, believes the new managing director of ICMA Ltd, Kevin Milne. The changes to…