Data Management Insight Blogs The latest content from across the platform
Reference Data Review First Words
The potential sale of Soliton could be a sign that our favourite industry – namely reference data management – is reaching early stages of maturity. Such consolidation is essential to the industry’s development and the ultimate aim of sorting out our data problems and automating securities processing. The proliferation of solutions providers over the past…
Yaron Takes Over from Esler at Bear Stearns
Bear Stearns’ managing director and principle Paul Yaron has become the new head of reference data services following the departure of Peter Esler earlier this year (RDR, May 2005).
Xenomorph Targets U.S. With New Subsidiary, Office
Derivatives data management specialist Xenomorph is establishing itself in the U.S. with a new subsidiary Xenomorph Software, and a new New York-based office. Greg Johnson, sales and marketing director of Xenomorph says, “We already have a number of investment banking clients in the U.S. as a result of contracts with their European offices, as well…
Crammond to Spearhead Markit’s Asia Pac Development
Markit continues to expand its Asian practice, with a new office opening in Singapore to be run by David Crammond. Crammond joins from ABN Amro, where he was head of structured asset sales for the Asian region. Before then, he was based in ABN’s New York office, running structured credit sales. At Markit, he will…
Soliton Enhances TimeSquare For Basel II Compliance
Soliton has enhanced its TimeSquare data management service to include an off-the-shelf cross-reference data model and cross-referenced ratings data to ensure credit risk compliance for Basel II. The cross-reference data model allows for the integration of multiple data vendor feeds using their proprietary identifiers, as well as supporting cross-referencing to other industry identifiers. It also…
S&P Further Boosts Securities Evaluations Group with Dooley Hire
Standard & Poor’s Securities Evaluations group has added Michael Dooley to its Interest Rate Swaps pricing team. Dooley has previously worked at firms including Prudential Securities, Sumitomo Bank Securities, and Massachusetts Mutual Life Insurance Company. He joins a growing team following more hires last month (RDR, May 2005). Prior to bringing Dooley on board, Standard…
IBEI Suppliers Tout Their Wares At London Gathering
A number of suppliers of business entity identifiers got together to tout their wares to a small assembled crowd of practitioner firms in London earlier this month under the ISITC banner. Although there is an ISO process underway for a naming convention related to International Business Entity Identifiers (IBEI), this is a slow process and…
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…