Data Management Insight Blogs The latest content from across the platform
Outsourcing Discussion Moves from Hypothetical to Factual…
Just four months since we completed our survey here at A-Team of data managers and their attitudes towards outsourcing (you can find it at www.a-teamgroup.com), we are already starting to see real results within the business. At the time much of the discussion was hypothetical and asked whether financial institutions would consider outsourcing any of…
Deutsche Börse Closes Azdex Deal, Signals Intent in Reference Data
As we’ve previously reported (Reference Data Review, July 2005), Deutsche Börse has now closed the deal to acquire a 51% stake in Azdex, the business entity data and services supplier run by Ken Price. The deal highlights Deutsche Börse’s growing intention to become a player in the reference data space. Although the purchase price was…
FactSet Acquires Fixed Income Software Provider Derivative Solutions
FactSet Research Systems has acquired all the outstanding capital stock of Derivative Solutions for $42.5 million in cash and approximately $11 million in shares, totalling around $53.5 million. This is 5.4 times the company’s revenues in 2004, and about four times anticipated 2005 revenues. Derivative Solutions, founded in 1991, provides fixed income analytics, portfolio management,…
S&P Adds Markit’s CDS Prices
Standard & Poor’s has entered a new agreement with Markit Group to distribute Markit’s benchmark credit default swap (CDS) prices via Standard & Poor’s CDS Xpress datafeed. The vendor already carries Markit’s Reference Entity Database (RED) in its CDS Xpress and CDS Accelerator products, which are tailored to the synthetic collateralized debt obligation (CDO) market….
AIM Expands to U.S. Market With New Subsidiary
Austria-based AIM Software has established a new subsidiary in the U.S. in order to sell its reference data and risk management solutions directly to clients in the U.S. The subsidiary will also provide better support for the U.S. subsidiaries of around 80 institutions that already use the vendors’ Gain software. AIM has partnered with New…
Free Corporate Actions Data Utility Introduced by Butterlink
Following a period of extended pilot testing, Butterlink is launching the latest version of its corporate actions utility in the hopes of attracting the necessary volume of clients for the free service. Butterlink, formed by a number of corporate actions specialists back in 2004, has so far signed up 117 users at 53 financial institutions,…
Bloomberg Adds Muni Bond Data In Expanded Deal with S&P
Further improving on its strengths in the bond data arena, Bloomberg has expanded its relationship with Standard & Poor’s Securities Evaluations group. The deal adds Standard & Poor’s municipal bond pricing, Municipal Benchmark Yield Curves and Municipal Total Return Index to the Bloomberg Professional service. For Standard & Poor’s, the agreement opens up the distribution…
CounterpartyLink Introduces Full Product; Enters New Distribution Deal with GoldenSource
Following its soft launch in February CounterpartyLink has officially launched a full version of its data service. The official launch includes full functionality, replacing the previous sample data the company has relied upon. The vendor has also entered a new third-party distribution deal with enterprise data management company GoldenSource. This is part of its strategy to…
What’s new about the importance of reference data? Not so much as is touted. By Maryann Houglet, Director of Strategic Consulting, A-Team Group
A recent industry periodical spoke of data as “ubiquitous”… touching all corners of an enterprise and becoming the lifeblood of an organization.” Having spent my 25-year career at various securities data vendors, there’s nothing new here. Data has always driven investment decisions, transaction processing, back office operations, securities administration, accounting, compliance, reporting and so on….
Swift’s Data Distribution Initiative Gains Impetus As FTID Commits to Adding Reference Data
Swift’s ongoing upgrade of its Swiftnet data distribution initiative, from an exploratory toe in the water to a major strategic activity is beginning to reap rewards. Just days ahead of Swift’s Sibos event in Copenhagen September 5-9, FT Interactive Data has gone live with its ISO 15022-based corporate actions data via Swiftnet and has committed…