Data Management Insight Blogs The latest content from across the platform
BoNY/Mellon Merger Brings Rivals Eagle and Netik Under One Roof
The merger of Bank of New York and Mellon Financial Corp. not only creates the world’s largest securities servicing and asset management firm globally, it also brings under one roof two fiercely rival data warehouse providers, Mellon-owned Eagle Investment Systems and Bank of New York-owned Netik, calling into question the future strategy of the firms’…
Avox Hires Australia-based Regional Manager to Oversee Asian Expansion
Deutsche Boerse owned Avox will open an Australia office on January 2. An as yet unnamed new regional manager will oversee Avox’s expansion in Australia, Asia and the Middle East. The counterparty data service provider says prospective business in the region is already developing.
SunGard Lets Go EDM Experts Odho and Ord, Streamlines FAME
SunGard has made redundant members of the Enterprise Data Management (EDM) group within its Enterprise Solutions Group – Marc Odho and Rob Ord – as well as a small number of people from within the FAME business unit as part of a streamlining exercise. While the shedding of such high profile data experts has prompted…
DSTi Makes a Raft of New Appointments
Investment data solutions provider DST International (DSTi) has made several new appointments. Nash Subedar has been appointed sales manager for all solutions in the Middle East territory. His is an internal appointment. DSTi’s Global Business Development Group has been re-organised and expanded. Phil Hannay will take up the role of product manager for the derivatives…
Navigating the maturity curve
Confirmation that Barclays Global Investors has outsourced the bulk of its European investment operations to JPMorgan Worldwide Securities Services adds weight to the argument that, at last, the practice of fund managers outsourcing their middle and back offices to custodian banks has reached maturity. The spectre of the failed Schroders deal is fading, and the…
CicadaRisk Merged into New RiskGrid Unit Within Investors Guaranty
As predicted in Reference Data Review, October 2006, Investors Guaranty Group has launched a new risk management solutions unit, RiskGrid Technologies, into which the operations and technology of CicadaRisk has been merged. The group is also aligning RiskGrid Technologies within a suite of companies and solutions that comprise its financial services industry vertical. CicadaRisk was…
S&P Upgrades Compustat Xpressfeed With New Data Items
Standard & Poor’s has completed a series of enhancements to its Compustat Xpressfeed offering. The enhancements include 1000 new company-level data items now available within Compustat data, which includes fundamental and market data on some 65,000 global securities. Among the data enhancements are: additional current and historical annual fundamental data and footnotes, including income statement…
ADP, Avox Sign Up to Sponsor EDM Council
ADP Brokerage Services Group and Deutsche Boerse-owned Avox have signed up as sponsors of the EDM Council. They join BearingPoint, Cicada, GoldenSource, IBM and SunGard. This development comes as the EDM Council undertakes its transition to a member-owned, rather than a sponsor-owned, model (Reference Data Review, September 2006). Ken Price, CEO of Avox, says this…
Sky Road Adds Markit CDS Pricing And RED to Hedge Fund Solution
Hosted hedge fund solution provider Sky Road has partnered with Markit Group to integrate its data feed, enabling portfolio and risk managers of credit-based strategies to trade, model and perform scenario based risk analysis for credit derivatives. The Sky Road platform, based on the Calypso system, will incorporate Markit’s CDS, iTraxx and Dow Jones CDX…
Spending on Legal Entity Data Management to Top $250m by 2010
By 2010, more than 10 per cent of total spending within the enterprise data management industry will be on legal entity data management, says analyst Aite Group in a new impact report. Regulatory pressure is driving a 200 per cent average annual growth rate in spending in this market, Aite says, encouraging spend on legal…