Data Management Insight Blogs The latest content from across the platform
Thomson Financial Names Rowlands CEO
Thomson Financial has selected COO Sharon Rowlands to succeed Dave Shaffer as chief executive. Rowlands, who joined Thomson Financial from FT Information – now FT Interactive Data – retains the role of president. Shaffer, who has been CEO since 2002, moves back to Thomson corporate, continuing to report to Richard J. Harrington, president and chief…
RDUG Joins ISITC, FPL, FISD To Forge MiFID Working Group
The Reference Data Users Group (RDUG) has thrown in its cards with three other industry lobby groups to form a joint working group to address compliance issues spurred by the European Union’s Markets in Financial Instruments Directive (MiFID), whose implementation date of early 2007 is causing ructions within the securities industry operations community. Writing exclusively…
It’s MiFID Mania
We first got wind of the MiFID directive at an industry roundtable discussion about reference data a little while back. There, our old friend Colin Wright of the Information Providers User Group (IPUG) innocuously raised the question of transparency for internally matched trades. The look of puzzlement on the faces of the industry practitioners at…
Reuters DataScope Adds Convertible Bond Terms and Conditions
Reuters has enhanced the convertible bond data it makes available through its Reuters DataScope reference data product line and other platforms. The enhancements, made in conjunction with convertible bond market specialist Mace Advisers, add the latest terms and conditions for a broad range of convertible bonds globally. The terms and conditions, which are complex and…
Singapore Exchange Adopts Swift Network for Corporate Actions
The Singapore Exchange next month will begin distributing its corporate actions data over the Swift network using the ISO 15022 standard format. The exchange will use Swift for delivery of Singapore corporate actions, mostly dividends and payment announcements, but will add other corporate action data types such as rights issues later. The exchange joins the…
Johannesburg Exchange Awards Reference Data Deal to Accenture
The Johannesburg Securities Exchange (JSE) has awarded Accenture a two-year contract to consolidate its reference data architecture onto a new platform. The project will also involve the South African exchange’s information reporting, clearing, accounting and administration systems. The new platform will be built using available technology products and custom applications. The deal comes as the…
Causeway Capital Uses ASP to Access Eagle Data Hub and Applications
Causeway Capital Management, with $12 billion under management, has gone live with Eagle Software’s accounting, portfolio reporting, and performance measurement applications, all accessed via the Eagle Access ASP service. The capabilities include the Eagle Pace data hub for data management and portfolio reporting, as well as the Eagle Star investment accounting solution, and Eagle Performance…
Sophis Enters Data Management With Data for Risque and Value
Sophis is entering the data management arena with Data Service, a new module to support its existing Risque and Value portfolio and risk management products. The new combined solution is set to go live with a large hedge fund client in London, and Sophis has also signed up clients in New York and Germany. Sophis…
Markit Expands Reach of Credit Derivatives Data
Markit, with the weight of its 13 bank sponsors behind it, has been expanding rapidly – both its coverage of the credit markets driven by acquisitions, and its distribution through deals with data vendors and software providers. Its RED product – reference entity database – has recently been made available via risk management software provider…
Standards: Are They Worth the Effort?
Much of the industry talk about reference data focuses on standards, and much work has been done to develop and propagate them. But is this work worth the effort? If the industry does not adopt the standards, they are, obviously, of no use. ISO 15022 for corporate actions is a current example of a standard…