Data Management Insight Blogs The latest content from across the platform
Kennedy, Leichsenring, Join GoldenSource in Newly Created Roles
Paul Kennedy, formerly head of content and news at Reuters, and Peter Leichsenring, previously director alliances and channels financial services at Tibco Software, have both joined the recently renamed GoldenSource (known before as Financial Technologies Inc. FTI). Both join in newly created roles. Kennedy has been named vice president of product management based in London….
Abbey Extends Use of Asset Control for Telekurs’ Corporate Actions
Abbey Financial Markets has extended its use of Asset Control’s data management platform to manage corporate actions data. Abbey chose to source its corporate actions data, alongside pricing and reference data, from Telekurs Financial’s Valordata Feed (VDF). This feed was integrated into the Asset Control platform at Abbey using AC Plus’s existing feedhandler for VDF….
XcitekSolutionsPlus Hires CA Specialist Thoma for Client Services
XcitekSolutionsPlus last month hired Steve Thoma as senior client administrator within the client services team in Birmingham, AL., to provide production support and implementation of XSP within North America. Thoma was previously corporate action reorganization manager at Fifth Third Bank, and corporate action specialist at Bank One Trust. Further expansion in Birmingham, New York and…
Reuters Grows Third-Party Alliances With Cicada Deal
Reuters has entered a strategic alliance with Cicada to make key historical and reference data from its Datascope service available through Cicada’s data management solutions. Specifically it will provide equities and fixed income data through Cicada’s Reference Data Management Solutions. This is in line with Reuters’ plan to build on its third party alliances, and…
A-Team Welcomes Maryann Houglet to Spearhead Strategic Consulting
A-Team is pleased to announce that Maryann Houglet has joined to spearhead A-Team’s strategic consulting business. She brings with her over 25 years experience in the securities industry worldwide leading businesses, providing marketing and corporate development expertise at financial information services firms. As an independent consultant, her clients have included Interactive Data Corporation, Thomson Financial…
BoNY Wins ING Europe Deal with Outsourced SmartSource…
Bank of New York has won a deal with ING Investment Management Europe, based in Holland, to take on ING IM’s operational functions from post-trade execution services to settlement. The deal is another client for Bank of New York’s outsourcing business SmartSource, which is leveraging its recent 51% stake in the “information-centric STP solutions” company…
Morgan Stanley Enters 2nd Phase Of TAP-Based SMS Project
Morgan Stanley & Co. has moved onto the second phase of its plan to install an enterprise-wide securities master service, following the completion of the first part of the project within its retail brokerage operation. The installation – dubbed Securities Master Service (SMS) – makes use of Vancouver-based TAP Solutions’ TAPmaster reference data management platform….
Wachovia Picks Asset Control’s AC Plus for Risk Management
Wachovia Corp. is implementing a data management solution from Asset Control to handle price data for its risk management operations within its corporate investment banking arm. It is envisaged that the data management platform could be extended over time to other groups within Wachovia, including credit products and equity derivatives. Barry Fenwick, divisional information officer…
FT Interactive Data Reports Growth of Fair Value Information Service
FT Interactive Data, subsidiary of Interactive Data Corp., reports that it now has 108 mutual fund and mutual fund processing clients subscribing to its Fair Value Information Service, compared with 34 firms subscribing this time last year. The Fiar Value Information Service provides a tool to assist U.S. mutual fund companies in meeting their legal…
Swift Proposes Standard Protocol for EU Clearing & Settlement
Swift has published a consultation paper outlining proposals for a standardised communication protocol for European clearing and settlement. This is in response to the Giovannini Group report to improve efficiency of EU cross border clearing and settlement. Specifically Swift is aiming to define a solution for Barrier 1 of the 15 identified barriers to efficient…