Data Management Insight Blogs The latest content from across the platform
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…
Baseline Capital Expands Mortgage Data for Basel II Credit Risk
Baseline Capital has expanded its data pool of mortgage data, which it is using to build models required for an Advanced-IRB approach to Basel II credit risk. The additional data comes from eight U.K. mortgage lenders that have agreed to contribute their data.
Norex Exchanges Adopt GICS Classification Standard
The Nordic and Baltic stock exchanges strategic alliance, known as Norex, is this month adopting the Global Industry Classification Standard (GICS) as its official security classification standard. GICS was jointly developed by Standard & Poor’s and MSCI in 1999 in response to what they saw as a need for a more accurate, complete and standard…
SmartStream Technologies Signs Up Two Clients for Corona 7.0
SmartStream Technologies has signed up two clients for its new Corona 7.0 reconciliation and exceptions management product. Vseobecna uverova banka (VUB) of the Slovak Republic is implementing the solution to be hosted on VUB’s mainframe in its head office in Bratislava. Citibank Belgium has also recently upgraded to the new product version.