Data Management Insight Blogs The latest content from across the platform
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,…
Telekurs Financial Gears Up for ISO 15022 Corporate Actions
Telekurs Financial is gearing up for the production release next month of ISO 15022-formatted corporate actions data as part of the Swift initiative to bring third-party data vendors onto its Swiftnet network. Telekurs released test data for the ISO 15022 service to clients in January; the company confirmed its roll-out plans at a client briefing…
WG11 Drafts Model to Data Architecture Foundation
Working Group 11 (WG11) of Subcommittee 4 (SC4) of the ISO Technical Committee 68 (TC68) has released a consultation document seeking comment on it first iteration of a data model that “provides a single standard for describing a financial instrument throughout its lifecycle.” The group, formed earlier this year, is seeking comment from industry participants…
Abel/Noser Selects TAP Solutions; Canadian Firm Targets New York
New York brokerage Abel/Noser Corp.’s selection of TAP Solutions’ pricing data management platform has played a key role in the firm’s new fixed-income business initiative. And despite its billing as TAP’s second such implementation in the past 60 days, it heralds the commercial arrival of a new, low-cost player in the New York marketplace. Abel/Noser…
IDC First-Period Revenue Climbed 18% to $117.6 Million
Interactive Data Corp. reported an 18% rise in first-quarter revenues, although net income was about flat. The company – whose FT Interactive Data is the market share leader in end-of-day pricing services – posted sales of $117.6 million for the first quarter, which represented a 2.2% rise net of new acquisitions and exchange rate fluctuations….
Mark-it Partners Acquires Totem Derivatives Valuations
Mark-it Partners has agreed to acquire Totem Market Valuations, a provider of OTC derivatives consensus valuations. Mark-it hopes the combination of Totem’s valuations data will complement its own credit pricing and reference data services, helping clients meet increasingly stringent regulatory and accounting requirements. Tim Barker, CEO of Totem, will join Mark-it Partners’ management team as…
Mark-it Partners Taps Caplin for Price Collection, Dissemination
Credit pricing and reference data service Mark-it Partners has signed up to use Caplin Systems’ Liberator and Real Time Text Protocol (RTTP) systems to collect and redistribute streaming credit price information. The systems will collect prices from participating bank traders’ spreadsheets, deliver the data to the Mark-it Partners database for cleansing and aggregation, and then…