Data Management Insight Blogs The latest content from across the platform
Wang Departs Capco for Citigroup
Samuel Wang, managing principal and head of global marketing at Capco, has left the company to join Citigroup in an undisclosed role.
Markit Launches European ABS Pricing Service
Markit has launched an independent pricing service for European asset-backed securities (ABS), providing same day bid/offer prices and the spreads and average life assumptions on more than 3,500 European ABSs. The service receives daily mark-to-market pricing inputs from all the major dealers, which Markit cleans and validates prior to price dissemination. Dealers have the ability…
Northern Trust Names Krishnamurthy CTO
Northern Trust has named Nirup Krishnamurthy executive vice president and chief technology officer. Krishnamurthy was previously vice president and chief information officer of UAL Corp. Based in Chicago, he will report to Timothy Theriault, president, worldwide operations and technology, at Northern Trust.
Mondas Adds Fidelity ActionsXchange Data to Radica CAPS
A new alliance between Mondas, a corporate actions processing software provider, and Fidelity ActionsXchange, will allow clients working with both companies to receive cleansed corporate actions data feeds from Fidelity ActionsXchange’s ActionService product directly through Mondas’ Radica CAPS platform. The interface will allow Mondas’s Radica CAPS clients to automate the capture of global corporate actions…
EDM Council Swells Ranks at Second Meeting
The Enterprise Data Management (EDM) Council attracted a number of new members at its second meeting, held earlier this month. New members include ABN Amro, Barclays Capital, HSBC, M&G and Nomura, and bring the total membership to 39, representing 25 user firms and 12 members from the five founding vendor sponsors: Cicada, BearingPoint, GoldenSource, IBM…
Abbey Financial Markets Doubles Match Rates with SmartStream
Abbey Financial Markets (AFM) has gone live with SmartStream’s TLM Reconciliations after selecting the vendor last year. According to Steve Jennett, Head of Operations for AFM, the ROI from the project has been significant, claiming STP match rates immediately doubled when cash reconciliations went live on TLM. In a phased roll-out, migrating key reconciliations and…
Credit Suisse Asset Management Signs 5-Year Deal with Xcitek
In a five-year deal with Xcitek to automate its corporate actions processing, Credit Suisse Asset Management (CSAM) in New York, part of Zurich-based Credit Suisse Group, will use eTRAN (Electronic Tracking Response and Notifications) and the ISO 15022-Compliant Messaging Module of XSP for automated client event notification and response capture of elections. Using these tools,…
Credaris Chooses Markit For Credit Data Services
Meanwhile, Credaris Portfolio Management, an independent investment management platform, has chosen pricing and valuations vendor Markit for its credit data services. Credaris, which has EUR 1.3 billion in assets under management, provides tailored solutions to European financial institutions aiming to generate high risk-adjusted returns from their credit market asset allocations. Credaris will receive Markit’s credit…
ValueLink adds PFPC International as Client for Bond Pricing
PFPC International Dublin has signed up for ValueLink Information Services’ daily closing pricing service with validation reporting. PFPC will use ValueLink’s multiple bond feeds, which, in addition to the standard dual validation, allows clients to switch between vendors on individual assets in order to obtain the latest quotes. PFPC also benefits from ValueLink’s report service,…
Telekurs Adds FSL Historical Global Corporate Actions
Telekurs has added corporate actions data covering the European and Australasian markets, sourced from Financial Software Ltd.’s (FSL) capital gains tax solution, CGix. CGix, currently used by more than 50 U.K. financial institutions, will be delivered via the Telekurs iD platform.