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RIMES Appoints Mitesh Modi as Chief Operating Officer
RIMES Technologies, a provider of benchmark data services, today announced that it has hired Mitesh Modi as the company’s chief operating officer. Modi will take responsibility for all aspects of operational management across the increasing number of RIMES offices around the world. The appointment reflects RIMES’ continuous growth and ongoing commitment to global expansion. Modi…
Netik’s Flatley Highlights the Reference Data Impacts of a Boom in ETFs and Property Trading
The increased use of exchange traded funds (ETFs) and other similar synthetic instruments for the purpose of leverage or hedging has put stress on the reference data function, said Rob Flatley, CEO of EDM outsourcing solution vendor Netik, at FIMA last week. The buy side’s move to trade property is also causing challenges because most…
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…
ING Investment Management Has Banned the Term ‘Golden Copy’, Says Murphy
Proving that for some institutions the approach to data management is changing dramatically, Nick Murphy, data specialist for pricing and evaluations at ING Investment Management, told delegates to last week’s FIMA that his own firm has banned the term “golden copy” from use. The focus is on maintaining centralised and standardised data for instruments, but…
Strike While the Iron’s Hot for Data Management Buy in, Says RBS’ Waters
There really is no better time than now to build a business case for investment in data management, said Lorraine Waters, global head of reference data management at Royal Bank of Scotland (RBS), to delegated at last week’s FIMA conference in London. Highlighting the current strategic role of reference data within her own organisation and…
NYSE Technologies Promises Consolidated Tape for European Equity Markets
NYSE Technologies’ plans to develop a consolidated tape for European equity markets should come to fruition in the third quarter of 2011, when the company will deliver a service aimed at providing broad access to post-trade market data at a lower cost than today. The tape is a response to the current MiFID debate on…
Goldman’s Perry Highlights Instrument Data Challenges of the OTC Derivatives Reforms Within Dodd Frank
The reform of the OTC derivatives markets as part of the US Dodd Frank Act will likely cause a whole heap of instrument identification challenges, according to Jim Perry, vice president of product data quality at Goldman Sachs. Speaking at last week’s FIMA conference in London, Perry indicated that the central clearing of these products…
A Data Manager’s Christmas List
Not only is Reference Data Review providing you with your usual Christmas stocking full of news and analysis this year, we’ve also taken on the delivery of wish lists to Santa’s grotto in Lapland (or thereabouts). One of our brave readers has written in with his list of requests for the man in red, should…
The Lowdown from FIMA 2010: Reference Data Review Reports from the Show Floor
This year’s FIMA saw panellists debate the importance of reference data management in an environment that is increasingly focused on data quality and timeliness as a result of intense regulatory and industry scrutiny of the financial sector. Reference Data Review interviewed a number of speakers on the show floor for their views on the developments….
Manual Processes Persist in Data Management for Nearly Half of Aim Software’s Survey Respondents
Nearly half (at 48%) of the respondents to Aim Software’s seventh annual reference data survey still use terminals for data look-up and manual processing, in spite of the leaps and bounds made in the development of sophisticated data management technology over the last few years. The survey, which was co-sponsored by SIX Telekurs, conducted between…