Data Management Insight Blogs The latest content from across the platform
Checkfree Appoints Hoffman, Thomas, Belluche to Senior Roles
Checkfree has appointed three new senior-level executives. Preston Hoffman, a long-time employee, heads up the global team as senior vice president and managing director for the securities channel, reporting to Checkfree software executive vice president and general manager Randy McCoy. Paul Thomas, from Surecomp and previously ADP Wilco, joins Checkfree as vice president and sales…
Wachovia Banks on Building Blocks Approach To Support Cohesive Reference Data Strategy
Believing a cohesive reference data strategy will give it a competitive edge as well as improving efficiencies as the Corporate and Investment Banking division grows, Wachovia Corp. last year embarked on a three-year initiative to develop strategic building blocks. The aim is to create a solid foundation, much of which will be supporting reference data,…
HSBC’s Goldensource Rollout Starts Extensive Data Program
HSBC has rolled out the first implementation of the Goldensource Enterprise Data Management platform as part of a far-reaching program initiated by the institution to support its growing Corporate, Investment Banking and Markets (CIBM) division. The implementation sees Goldensource providing the underlying data integration platform to support HSBC’s electronic securities trading platform in its first…
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…
Xcitek Wins European Client In Mizuho International
London-based Mizuho International has gone live with Xcitek’s XSP software for corporate actions processing, following a detailed evaluations process of a number of systems providers. Said John Sweeney, executive director of Securities Services at Mizuho International, “XSP gives us end-to-end automation in our asset servicing area and enables us to offer a strong and competitive…
Asset Control Enhances Data Management in Version 6.0
Asset Control has released version 6.0 of its AC Server, the core of its data management solutions. The new server provides “significant performance improvements and enhancements” resulting from new features. These features include clustering, to help avoid single points of failure, increased flexibility to create fault-tolerant architectures, and 64-bit support, enabling faster and more efficient…
JPMorgan WSS Launches Sites For Compliance Officers
JPMorgan Worldwide Securities Services has introduced two new websites targeted at chief compliance officers to help them meet various mutual fund compliance requirements. The U.S. Securities and Exchange Commission requires mutual funds to appoint COOs and implement comprehensive policies and procedures to prevent fund companies and advisors from violating SEC regulations and securities laws. The…
Capco Introduces Dividend Forecasts to Global Index Monitor
Capco Reference Data Services is expanding its Global Index Monitor product, acquired through the purchase of Iverson Financial to include dividend forecasts. The new data, branded Global DivCast, will be available in the fourth quarter of this year. It is being positioned as a centralised source of dividend data providing current and accurate dividend projections…
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….