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Sharefunds Appoints ValueLink for Price Validation and Corporate Actions
ValueLink Information Services, the supplier of validated financial data solutions, has announced a major new client win. Following a comprehensive period of analysis, Sharefunds Limited, (part of the Share plc group) selected ValueLink’s Price Validation and Corporate Actions service for their mid-day valuations. ValueLink provides Sharefunds with global pricing data across all instrument types. They…
Northern Trust’s Skinner Elaborates on its Data Management Shared Services Centre Development
Northern Trust has been engaged in developing a shared service centre for reference data in order to support its individual business lines over the last year or so, Nick Skinner, vice president of global data management at the custodian bank, explained to delegates at this year’s FIMA. The greatest challenges, according to Skinner, have been…
Deutsche Bank’s Fletcher Discusses Technology Silo Reduction for Data Management
Deutsche Bank has recognised that a silo-based model for data management is not sustainable and is looking to develop more enterprise-wide focused technology, said Neil Fletcher, IT director for reference data at the bank. The increase in the volume of transactions has meant the production of more reference and market data, which has put pressure…
TFG Fund Services’ Toyer Elaborates on its Implementation of Xtrakter’s XREF; Jinks Discusses Xtrakter’s Ambitions
TFG Fund Services implementation of Xtrakter’s XREF service is all part of its strategy to concentrate on its core risk management and valuations business rather than be bogged down with in-house data sourcing and scrubbing, says Martin Toyer, CEO of the fund services firm. Previously, the firm had to dedicate in-house resources to source and…
Consultancy Firm ISC Hires Data Solution Vendor Veteran Lumsden
Buy side focused consultancy firm Investment Solutions Consultants (ISC) has hired data vendor veteran Paul Lumsden as a management consultant. Lumsden most recently worked as head of product management for client communications solution provider Kurtosys Systems, which earlier this year launched a new EDM platform for the asset management community. Geoff Edwards, ISC managing partner,…
Omgeo ALERT Furthers Market Leadership with More Than 500,000 Funds Represented Globally
Omgeo, the global standard for post-trade efficiency, today announced that Omgeo ALERT, the world’s largest and most compliant web-based global database for the maintenance and communication of standing settlement and account instructions (SSI), has experienced unprecedented client growth going into 2011 with over 1,700 clients globally. As a result of continued market turbulence and regulatory…
Perry Discusses Goldman Sachs’ Creation of a Central Instrument Reference Database for its Global Operations
Goldman Sachs has taken a step by step approach towards developing a centralised instrument reference database to support its global operations, according to Jim Perry, vice president of product data quality at the investment bank. Speaking at FIMA earlier this month in London (in addition to his earlier panel slot on regulation), Perry elaborated on…
UBS’ Berry Sounds Call for an End to Vendor Identifier Complexity via Regulation, Again
In keeping with his work for the Information Providers User Group (IPUG), David Berry, executive in charge of market data sourcing and strategy at UBS, called for an end to vendor complexity by eliminating the use of proprietary instrument identifiers. “Vendors introduce complexity into the market by attempting to differentiate themselves on the basis of…
Data Standards Hobgoblins
As well as the discussions around entity identification, this month’s FIMA featured a number of serious debates about the benefits of a data utility approach at an individual firm and industry level. Panellists and speakers generally fell into two camps: those wary of adopting such an approach and those fully convinced of its benefits at…
Improving Data Quality to Support Valuations is a Key Focus for Invesco Perpetual, Says Shrubsole
Invesco Perpetual is currently focusing on ensuring data quality standards are being met in order to support the buy side firm’s fair value processes, regulatory compliance and the risk and performance function, explained head of data management Ian Shrubsole. “We want to be able to rationalise and consolidate our operations, but we also need to…