Data Management Insight Blogs The latest content from across the platform
LSE Information Services Revenues Rise 6%; SMF Licenses Total 1,000
Information Services provided a bright spot in the London Stock Exchange results for the six months ended September 30. Information services’ revenue rose 6% to £45.1 million, contributing 33% of total turnover. The exchange’s new SEDOL Masterfile service, which provides unique identification for securities on a global basis, has now more than 1,000 licenses sold….
Standard & Poor’s Strikes Global Deal with Soliton
Standard & Poor’s has forged a global collaboration agreement with Soliton. Under the terms of the agreement, data management systems provider Soliton will manage the acquisition and integration of Standard & Poor’s securities data and reference data for financial services industry clients. This will enable customers to automate the acquisition, integration, and management of Standard…
S&P Teams with Markit to Offer Entity-Issue Link for Credit Swaps
Following a custom implementation at Rabobank International, Standard & Poor’s has launched Reference Entity Link, aimed at the credit default swaps marketplace. The service, which draws upon Markit’s Reference Entity Database (RED) provides full issuer and issue coverage behind each CLIP code. CLIP codes – named for Cusip-Linked Entity Markit Code (Reference Data Review, March…
Survey Finds 75% of Firms Plan More Reference Data Automation
The more things change the more they stay the same. This seems to be the overriding message in the results of the second annual AIM Global Data and Risk Management Survey. As with the previous year’s findings, the 2005 survey results showed that financial institutions all over the world are undertaking considerable efforts to deepen…
J.P. Morgan Adopts Central Reference Data Hub To Support Global Credit Trading Operation
J.P. Morgan Chase is building a business-aligned reference data hub in support of the major reengineering of its credit trading operation onto a single platform. The hub – essentially a central global hub for credit reference data – will commingle corporate data, vendor data and business-specific data into a single, unified service available to all…
UMB Bank Subscribes to Xcitek for Securities Class Actions
UMB Bank has selected Xcitek’s new Class Actions (XCA) service to address the issue of identifying, tracking and responding to securities class actions. The bank already subscribed to other Xcitek products, including Corporate Actions, Cost Basis and XSP. XCA, launched in July, is a daily updated web-based service allowing users to match current or past…
Azdex Offers Not-for-Profit Access To Utility for Entity Identification
Counterparty data utility Azdex, backed by its 51% owner Deutsche Boerse, has put itself forward as a potential not-for-profit facilitator to help financial institutions meet the requirements for handling entity identifiers ahead of the deadline for MiFID, the EU’s Markets in Financial Instruments Directive. According to Azdex CEO Ken Price, the company is not seeking…
Cicada Profiler, CounterpartyLink Target KYC, Patriot, AML Clients
Cicada Cos. has added new functionality within its Reference Data Management Suite to help companies comply with the due diligence requirements of upcoming regulations including the U.K. Financial Services Authority’s ‘Know Your Customer’ framework and the U.S. Patriot Act. The company is also the first adopter of a recently upgraded version of sister company CouterpartyLink’s…
FIMA Delivers Reference Data Messages
As promised, the Financial Information Management (FIMA) conference in London earlier this month offered a very useful forum for the reference data community to trade ideas and network. We spent both days there and found catching up with old friends, making new ones, and listening and learning about real-life implementa-tions a valuable use of our…
Soliton Provides 24/7 Support In Outsourced Master File Deal
Soliton Inc. has signed the first round-the-clock client for its managed reference data services offering. The implementation, now live after a three-month evaluation period and three months of training, involves a dedicated Soliton staff handling data cleansing and normalization processes for the investment management division of an as-yet unidentified fund manager in the U.S. According…