Data Management Insight Blogs The latest content from across the platform
IR Specialist EquityStory To Acquire DGAP Service
Deutsche Gesellschaft fuer Ad-hoc-Publizitaet (DGAP), which provides electronic distribution of ad-hoc disclosures, is being acquired by EquityStory, an online investor relations specialist. DGAP was set up in 1996 by Deutsche Boerse, Reuters and Vereinigte Wirtschaftsdienste (VWD) to introduce electronic distribution of ad-hoc disclosures in Germany; it also publishes corporate news, directors’ dealings and press releases….
Markit RED Available to Murex Clients
Mutual customers of Murex and Markit Group Limited (Markit) can now access Markit credit pricing and reference entity data (RED) through Murex’s credit derivatives trading and risk management platform. The strategic relationship between the two companies will give joint customers online access to benchmark credit default swap (CDS) and bond pricing as well as reference…
Citadel Forges Interface to FundWorks Client Reporting Platform
Citadel Associates and FundWorks have developed an interface between their respective data management and client reporting platforms. The link will allow clients of Citadel’s Cadis data management platform to control enterprise data flows, data quality and data storage, and provide the foundation for FundWorks to configure and generate high-quality client reports on validated data. The…
Decentralized Data May Cost Firms $600 Million Annually
Decentralized reference data operations and the effects of faulty data on operational risk and capital requirements could be costing financial services institutions an astonishing $600 million each annually, according to the findings of a recent research paper. The paper – titled Operational Risk and Reference Data: Exploring Costs, Capital Requirements and Risk Mitigation – claims…
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.
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…