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Ref Data Needs to go “Back to Basics” to Consider End User Requirements, Says Deutsche Bank’s Sean Taylor
Last year, Deutsche Bank’s director of financial intermediaries Sean Taylor predicted that the “winds of change” were due to blow through the reference data industry and this year’s FIMA saw him elaborate on what has changed thus far as a result of a regulatory shakeup and the profound shift in the way firms view risk management….
Oppenheimer & Co Inc Goes Live with Broadridge’s Global Proxy Services
Broadridge Financial Solutions today announced that Oppenheimer & Co Inc has signed a new multi-year agreement and commenced live operations with Broadridge’s Global Proxy services to support its clients’ international assets in over 70 markets. The new agreement enables Oppenheimer’s institutional and branch clients to receive and vote proxy notifications for international securities through Broadridge’s…
US SEC Adds More Data Requirements to its Proposed Hedge Funds Rules
The US Securities and Exchange Commission (SEC) has added a further set of data disclosure requirements to those it is proposing for the hedge funds market as part of the Dodd-Frank reforms. Under the proposed reforms, more organisational and operational information will be needed for SEC registration purposes from investment advisers and the private funds…
SIX Telekurs’ Newbury Highlights Potential Clash Between MiFID Best Ex and IFRS for the Valuations Sector
The valuations business is facing an unprecedented amount of change as a result of the barrage of regulatory requirements coming down the pipe and some rule changes could potentially conflict with each other, thus causing serious challenges for those caught in the compliance trap. One such potential clash is between the revised best execution requirements…
Increased Timeliness and Complexity Have Put Valuations Teams Under Pressure, Says JPMorgan’s Guibout
The risk data requirements of clients and regulators have resulted in an increase in the need for intraday pricing and much more data around a price, explained Marcel Guibout, executive director of the fund accounting product in EMEA for JPMorgan Worldwide Securities Services, to attendees to last week’s SIX Telekurs valuations roadshow in London. This…
Does the World of Valuations Need Common Data Formats?
The need for data standardisation is well understood in many areas of reference data (albeit poorly implemented or non-existent in actuality – concept rather than reality being the operative word), but the world of valuations data has largely remained untouched by standardisation initiatives to harmonise vendor formats. Guy Sears, director of Wholesale at the Investment…
Paladyne Releases Latest Version of its Reference Data Management Suite
Paladyne Systems, a provider of next generation investment management solutions, today announced the release of Paladyne Security Master 7.0 and Paladyne Price Master 7.0, the major components of Paladyne’s reference data management suite. This release introduces many new product features and extends many areas of existing functionality. Today, Paladyne’s reference data management products are used…
CUSIP Global Services Makes its CABRE Business Entity Database Freely Available to CUSIP Customers
CUSIP Global Services (CGS) today announced plans to make its CABRE business entity identifier database freely available to CUSIP customers, effective 1 December. The new standard code, known as a CABRE (CUSIP Avox Business Reference Entity identifier), was created through a strategic partnership between CGS and Avox Limited, a DTCC company. The CABRE database is…
Thomson Reuters Poaches Credit Suisse’s Hinds as its New Global Head of EDM to Lend User Cred to its Enterprise Ambitions
In line with its recent spate of hiring and reshuffles as it continues to integrate its business units, data giant Thomson Reuters has hired ex-programme manager for reference data at Credit Suisse Sally Hinds as its new global head of enterprise data management (EDM). It has been a year of change for Hinds, who was…
Cadis’ Simpson Elaborates on Recent Wins and Partnership Plans
EDM vendor Cadis has bagged 14 clients so far this year and is potentially set to sign three or four more before 2010 is out, according to CEO Daniel Simpson. The vendor, which has been touting its new Solvency II focused solution since its launch at Sibos last month, has also recently signed a deal…