Data Management Insight Blogs The latest content from across the platform
Aegon Purchases Citadel Data Management Platform Cadis
Aegon Asset Management UK has purchased Citadel Associates’ Cadis data management platform. Aegon employs around 250 people in its Edinburgh head office. This deal follows similar data management implementations with Russell/Mellon (Reference Data Review, April 2005), Newton and Insight Investments (Reference Data Review, August 2005).
Markit Adopts and Enhances ICB Codes for Credit Markets
Markit is adopting the Industry Classification Benchmark (ICB) from Dow Jones Indexes and FTSE Group. ICB will be implemented across Markit’s entire range of entities across all asset classes. Markit’s involvement will also help to enhance ICB’s coverage of the current 40,000 equities by expanding into around 5,000 credit default swap reference entities and bond…
Case Study: Standard Bank Centralises Client Information
South Africa’s Standard Bank is expanding its international franchise, and in order to support its international efforts, the bank has reengineered its reference data operations. A key project undertaken over the past year has been to put together a global Client Information File (CIF) in order to provide a single, global view of its clients…
Benchmarking Reference Data Highlighted at Azdex Event
Azdex has risen to prominence in the past year or so, given its activities in the hot space of business entity data. The vendor is in the process of securing financial backing from the Deutsche Borse, and recently held a well-attended event in London focused on ‘benchmarking business entity reference data quality’. The event featured…
Credit Suisse First Boston’s Data Group Define Processes For Global Entity Data Client
Credit Suisse First Boston’s (CSFB) reference data group has been working to define processes for managing client entity data globally. The project was driven by a decision within CSFB to centralise the client account opening process three years ago, which highlighted the need for a consistent approach to managing the data attributes related to each…
Canadian Depository Offers Direct Access to Reference Data
The Canadian Depository for Securities (CDS) – the world’s oldest securities depository – is gearing up to begin distribution of information services beyond its membership base. The depository is introducing direct availability of its corporate actions and other relevant data it collects to non-members. CDS handles all Canadian debt and equity markets, including private issues,…
Progress can be made when client firms stand up and speak
Understanding the issues that clients are facing – and how they are going about handling them – gives us real insight into the progress the reference data industry is making. And by identifying trouble spots we can work to make further progress. This is why gatherings of practitioners can be a very useful exercise. It’s…
Gillott Departs from CSFB for Goldman Sachs
Mike Gillott has left his reference data management role at Credit Suisse First Boston. At CSFB, he was delivery manager in the product pricing and reference data department in London. He will be joining Goldman Sachs in August, though not in a reference data role.
Sydbank Selects AIM Software’s Data Management Software
Danish Bank Sydbank has chosen AIM Software’s data management system to enable it to fulfil the requirements of the EU Savings Tax Directive (EUSD – see Reference Data Focus insert, this issue). The deal sees AIM’s Gain DataDeskop being installed with integration to price, static and corporate actions data from Telekurs Financial’s ValorData Feed (VDF),…
Enterprise Data Management Council Established
A new Enterprise Data Management (EDM) Council has been established by over 20 representatives from corporate and investment banks, asset management companies, and competing industry vendors. The development has been led by GoldenSource, SunGard and IBM. The aim is to use the council as a forum to discuss the best practices for standardising and integrating…