Data Management Insight Blogs The latest content from across the platform
CIBC to Implement GoldenSource as Third Leg Of Counterparty Data Management Facility
CIBC World Markets has secured the final leg of its data management platform for handling entity data. The firm – the capital markets arm of Canadian Imperial Bank of Commerce – is implementing GoldenSource’s Customers and Counterparties solution at its New York offices as the central data maintenance and storage application in support of the…
Xcitek Expands European Team with Digby, Fullam
Xcitek has expanded its London-based team with the addition of Paul Fullam, vice president and manager of global services, to support implementations for new European clients of its flagship XSP software solution. The corporate actions software vendor has also appointed Matt Digby as senior business analyst for XSP in Europe. His responsibilities will include business…
DTCC ‘Golden Copy’ Repository is Good News for Credit Markets
News that the Depository Trust & Clearing Corp. plans to build a central repository for holding so-called golden copies of trade details for the OTC derivatives marketplace – and in particular for credit derivatives – will be welcomed by industry participants. Certainly, the credit derivatives marketplace has been crying out for help in getting its…
Atkin Quits Outsell for Staff Director Role at Enterprise Data Management Council
Well, we called it (Reference Data Review, June 2005). After just a few months with legal, scientific and B2B market research firm Outsell, Mike Atkin has moved on to become the staff director of the Enterprise Data Management (EDM) Council The move was hardly unexpected; Atkin’s long experience with Financial Information Services Division (FISD) of…
DTCC Plans Data Repository for Credit Derivatives Trade Information
Stop Press: The Depository Trust & Clearing Corp. (DTCC) has unveiled plans to create a single data repository for trade data covering over-the-counter derivatives transactions. The proposed utility would become a central industry trade information warehouse, containing the golden copy of each OTC derivative trade, with an initial focus on credit derivatives. Access to the…
Wells Fargo Adopts I-flex Reveleus Data Structures
Wells Fargo has implemented a platform from i-flex’s Reveleus unit to support its credit capital calculation application in order to meet its Basel II requirements. Underlying the platform is a set of data structures, business rules, computations and definitions that is expected to help the U.S. bank comply with the advanced internal ratings-based approach of…
Reference Data Spending to Continue at Highs for Two Years
Rest assured. The boom years aren’t over yet. Financial institutions will continue their high rate of spending on reference data projects for the next two years as drivers such as operational risk and regulation continue to force firms to clean up their data acts. That’s the conclusion of a new survey from TowerGroup, which said…
BNP Picks Xyleme for Derivatives Data Management
BNP Paribas has selected Xyleme Inc. to provide data management for the bank’s derivatives operations. The big French bank will use Xyleme’s XML-based platform to integrate trade data for reporting of profitability of specific financial instruments or client risk exposure.
CheckFree eVent to Support LSE’s ISO 15022 CAs Feed
CheckFree Corp. has released an enhanced version of CheckFree eVent, which now supports the London Stock Exchange’s ISO 15022 corporate actions data feed. The data covering UK-based corporations is delivered in near real-time over the Swift network using the MT564 notifications messages.
Reuters Plugs Corporate Actions into Xcitek XSP
Reuters has entered a deal to make its corporate actions data, from the DataScope Pricing & Reference Data service, available via Xcitek’s XSP. This data is now available from Reuters in the ISO 15022 format. According to Caroline O’Shaughnessy, head of third party alliances for Reuters DataScope, Reuters “has made a priority of, and is…