Data Management Insight Blogs The latest content from across the platform
Lupus Accesses WM Datenservice via ADP Wilco
Frankfurt-based investment management firm Lupus alpha is to use ADP Wilco’s online access to the WM Datenservice German securities reference database, made available recently . This is being used alongside ADP Wilco’s outsourced Swift service bureau, which will replace Lupus’ existing fax-based systems.
Standard & Poor’s Offers Cusip Compromise; Users Welcome Move, But Still Want More
Bending to customer pressure, Standard & Poor’s has taken steps to address concerns over its pricing policies for Cusip instrument identifiers by restructuring its pricing and providing some level of transparency. The new pricing policy provides increased flexibility for European clients, some of whom have raised objections to the charges for identifiers relating to U.S.-centric…
Sachsen Ireland to Use Telekurs iD, Pricing Data
Telekurs Financial has secured an extended deal with the Irish operation of German bank Sachsen LB Europe to provide pricing services and its display product. Sachsen will receive intraday and closing prices for the full portfolio universe of over 200 stock exchanges and 500 contributors. Its users will be able to access the pricing data,…
…While Insight Talks Outsourcing with Northern Trust
Custodian Northern Trust is in exclusive negotiations with Insight Investment, the U.K. asset management arm of U.S. banking group HBOS, to take on Insight’s investment administration on an outsourced basis. The decision has come after a feasibility study that established a “sound and compelling case for moving to an outsource business model with clear benefits,”…
Survey Finds Cost, Regulatory Compliance Key Drivers
A recent survey, conducted by Sun Microsystems and Morse, found that cost reduction and regulatory compliance are the key drivers of current business strategy. The findings are in line with those of A-Team’s survey Reference Data Now, commissioned by Reuters and available on their website (http://about.reuters.com/datascope). The Sun survey, conducted among 50 financial institutions, consultants,…
Information Mosaic Sources ISO 15022 Corporate Actions
Telekurs Financial is the first vendor to make its ISO 15022 corporate actions feed available within Information Mosaic’s corporate actions product Cama. Information Mosaic is taking the feed via Telekurs Financial’s VDFS internet/FTP access site to its Valordata Feed (VDF). The feed provides intraday, end-of-day, and ad hoc corporate actions data.
ObjectStore Targets Reference Data with Real-Time Technology
ObjectStore has outlined plans to apply its real-time data processing services to the reference data business. The company, part of Progress Software, provides high performance data management for streaming data and complex event processing and real-time data caching services. It believes that it can implement a data service layer within financial institutions, saving them from…
Markit Signs Up Spanish Grupo BBVA
Markit has secured Spanish Grupo BBVA as a client for its Markit Red database of reference entity names and codes for credit default swaps. Juan Fernandez Blasco, head of trading at Grupo BBVA, says, “The need for precise reference entity data in the CDS market led us to sign a contract with Red… It will…
IDS Uses Evare for Custodian Links, Cleaner Data
To provide higher quality and cleaner data within its hosted portfolio management solution, Integrated Decision Systems (IDS) has chosen Evare to provide custodian interfaces, allowing it to “eliminate the paper and manual data entry,” says Lisa Williams, director of product management, Global Investment Manager at IDS. Evare provides links with global financial institutions for acquiring,…
Mark Your Calendars: CityCompass, RDUG Corporate Actions Briefing
CityCompass is hosting a briefing on March 3rd, supported by Reference Data Review, to debate the issues raised in RDUG’s Interim White Paper from its Corporate Actions Working Group. The white paper summarises the work carried out to date within the practitioner and vendor/supplier communities and the event aims to discuss the issues and the…