Data Management Insight Blogs The latest content from across the platform
Outsourcing: The Time is Now?
Is outsourcing for reference data management an idea whose time is coming? This is a question we were keen to ask our faithful Reference Data Review readers when we set out in April to do another one of our surveys. We measured the views of sell-side, buy-side and custodian firms in the U.K., Mainland Europe…
One Month To Go ’Til EUSD; Industry Still Not Ready
With just over 30 days to go before the EU Savings Directive (EUSD) comes into effect on July 1st 2005, it appears the industry is far from being prepared. The impact of not being ready could at best result in financial institutions paying too much tax and having to deal with refund claims from customers,…
Xcitek Adds Interface to DTCC’s GCA Service…
Xcitek has extended its relationship with the DTCC to add support for its Global Corporate Action (GCA) Validation Service. Support will be offered in Xcitek’s latest version XSP 4.6 corporate actions management service. It has also partnered with Tap Solutions where Tap will build a feedhandler to load Xcitek’s corporate actions and municipal actions data…
Reuters Targets Europe With New Evaluations Service
Reuters is targeting the evaluations pricing market in Europe, with the addition of European-issued debt securities evaluations to its DataScope reference data service. The service will be bring the vendor into a space currently dominated by FT Interactive Data, and increasingly focused on by Standard & Poor’s. As reported by Reference Data Review at the…
FT Interactive Data Results Show Continued Growth
FT Interactive Data’s parent Interactive Data Corp. has reported results for the first quarter ended March 31. Its revenues grew 8.5 percent over last year’s quarter to $86 million. Its North American revenues grew 8.5 percent due to continued demand for evaluated and descriptive services. Europe showed improved performance with revenues growing by 8.7 percent.
Paris Moves On From Deutsche Bank
David Paris has left Deutsche Bank where he was global head of information management services within the bank’s global technology and operations group, based in London. In this role he had worked on the data management initiatives focused on meeting regulatory requirements of KYC and Anti-Money Laundering. No word yet on where he plans to…
SunGard Adds ETF Data to Fame
SunGard has added U.S. and international exchange traded funds (ETF) data from the DTCC to its Fame Time Series Database. The data is collected each night as sponsors of ETFs report net asset value and component information to the DTCC’s subsidiary, National Securities Clearing Corp. (NSCC). Fame collects and enhances this data to be maintained…
SIIA/FISD to Findac: This industry ain’t big enough for the both of us.
Despite much fanfare, the idea of another industry association focused on market and reference data in the form of Findac has petered out before it even started. After testing the waters for a couple of months, Mike Atkin’s Financial Data Coalition (RDR, February 2005) concluded that it would not be able achieve critical mass, and…
Standard & Poor’s ‘Pushes’ Cusips to Clients
A new service from Standard & Poor’s will use push technology to deliver Cusip identifiers for competitive and negotiated municipal bond deals to fixed income and equity market participants every 15 minutes. With the New Issues On the Web (S&P Now) service, says Jim Taylor, managing director at S&P, “we are fundamentally changing the delivery…
Esler Leaves Bear Stearns
Peter Esler is no longer with Bear Stearns where he held the position of managing director, global head of market data services. Here he had been involved in a reference data management services evaluation. His next move has not yet been decided.