Data Management Insight Blogs The latest content from across the platform
Soliton Extends TimeSquare to Handle FT Interactive Data
Reference data management supplier Soliton has added FT Interactive Data’s securities pricing feeds in the U.K. and Europe to its TimeSquare platform. The move is part of Soliton’s drive to add the major data vendors to its library of acquisition workflows. The term ‘acquisition workflow’ refers to the end-to-end process of loading, mapping, checking and…
WestLB Spinoff NRW Bank Opts for SunGard ePI for Reconciliations
NRW Bank – based in Germany’s North Rhine-Westphalia region and spun off by the recent reorganization of WestDeutsche Landsbank Girozentrale – has selected SunGard ePI’s IntelliMatch platform for automated reconciliations. IntelliMatch reconciles transaction data with back-office systems, drawing upon a core reference database to identify traded securities (Reference Data Review, March 2004).
HSBC Opts for Accurate NXG for Reconciliations
HSBC plans to install Accurate Software’s Accurate NXG reconciliation system across several units within its corporate, investment banking and markets (CIBM) division. The platform is aimed at improving operational control and reducing exposure to operational risk.
Mizuho International Picks XcitekSolutionsPlus for CA Automation
London-based Mizuho International has signed up for XcitekSolutionsPlus’s XSP platform for automation of corporate actions data, marking the second European contract for the U.S.-based vendor this year. The selection followed evaluation of “several corporate actions system providers,” according to John Sweeney, executive director of securities services at Mizuho. Invesco’s European offices signed up for XSP…
DTCC Unveils Smart/Source Event, Reference Data Service
The Depository Trust & Clearing Corp. (DTCC) has introduced Smart/Source, offering online, Internet-based access to the security and reference data it collects and maintains for the more than two million securities eligible for processing by its Depository Trust Co. unit. DTCC is a major source of corporate event and reference data. The new service can…
Brewin Consulting Launches Reference Data Diagnostic
U.K. consultants Brewin Consulting has introduced Reference Data Diagnostic, which helps financial institutions understand and tackle data quality issues around reference data. The system offers analysis on why quality of certain data is poor and offers suggestions on how to improved it. At the heart of the system is a reference data rule base that…
Corporate Actions Represent Major Risk to Global Marketplace
New research estimates that incomplete or incorrect corporate actions information poses a front-office trading risk of between EUR1.6 billion and EUR8 billion annually, while firms individually may face back-office processing risks amounting to tens of millions of euros from mishandling a single, complex corporate action event. The research was conducted by U.K. analysts Oxera, and…
Scratching the Surface
As with many other intellectual or indeed leisure pursuits, getting to grips with reference data can be a stimulating affair. The more you scratch at the surface of the topic, the more complexity you find underneath. Unpeeling the layers of the reference data onion seems to be emerging as a more rewarding vocation than it…
Coexis Poaches O’Brien From ADP Brokerage Services
Donal O’Brien has joined U.K. reference data and rules-based processing system provider Coexis as director of business development. Most recently co-chief technology officer at ADP Brokerage Services Group, O’Brien was the original designer of ADP Wilco’s Gloss trade processing and settlement platform. At Coexis, he is reunited with Terry Williams, founder of Wilco, and will…
Reuters DataScope Reference Data Group Bolsters Staff
Reuters has made a number of sales, operations and relationship hires within its DataScope reference data business group. Alistair Type has joined as business development manager. He was previously at FT Interactive Data. Pierre Poux becomes sales manager, based in Paris. He was previously deputy general manager and head of sales at Fininfo. Within operations,…