Data Management Insight Blogs The latest content from across the platform
Corporate Actions Represent Major Risk to Global Marketplace
New research estimates that incomplete or incorrect corporate actions information poses a front-office trading risk of between EUR1.6 billion and EUR8 billion annually, while firms individually may face back-office processing risks amounting to tens of millions of euros from mishandling a single, complex corporate action event. The research was conducted by U.K. analysts Oxera, and…
Scratching the Surface
As with many other intellectual or indeed leisure pursuits, getting to grips with reference data can be a stimulating affair. The more you scratch at the surface of the topic, the more complexity you find underneath. Unpeeling the layers of the reference data onion seems to be emerging as a more rewarding vocation than it…
DSTi Names Hunt to Head Product Strategy
DST International (DSTi) has appointed Ian Hunt as head of global product strategy. Hunt will assume responsibility for DSTi’s entire range of products and will direct future functionality plans, including the R&D priorities. Hunt will also be responsible for identifying potential acquisition targets if he decides there is a need to buy in products, modules,…
SunGard in Acquisition Talks with Asset Control as Accenture Selects AC For Outsourcing Solution
Acquisitive SunGard is in talks about a possible purchase of data management firm Asset Control. Although in early stages of discussion, the talks appear to be part of a wider strategy by SunGard to make a substantial commitment to the reference data area, already indicated by its earlier acquisition of Fame Information Services late last…
Netik Names Two to Sales Team
Netik has expanded its European and North American sales teams with the addition of Laura Bedborough and Doreen Severs. Bedborough joins as sales executive, reporting to Keith Hale, managing director of Netik’s Europe, Middle East & Africa region. She has responsibility for new business development in hedge funds, investment management, prime brokerage and hedge fund…
Telekurs (U.K.) Poaches Incarico from FT Interactive Data
Telekurs Financial has hired Ciro Incarico has joined the new-business sales team for the company’s U.K. subsidiary. Incarico joins Telekurs (U.K.) Ltd. from FT Interactive Data’s Boston sales office, where he spent the past three years as account/relationship manager, having worked for the FT Interactive Data for seven years.
Case Study: Henderson Global Centralizes Using DISL Integral
Henderson Global Investors, a mid-sized U.K. investment management firm, is about a third of the way through an almost three-year project to revamp its data management procedures across the board. With its back office outsourced to Cogent, Henderson’s focus was on the data used to support its front and middle offices, including the investment management,…
Case Study: Deutsche Stresses Strong Governance Approach
Deutsche Bank expects to complete its wide-ranging DB Reference Data Programme – launched in 2002 and encompassing a single model for client, instrument and organizational data – by the first quarter of next year. In developing its plans for the project, Deutsche took care to acquire management buy-in, establishing a Corporate Reference Data Governance Forum…
Soliton Links to Counterparty Data From CreditDimensions
Reference data management firm Soliton is adding links from its instrument data to legal entity data, through a new partnership with CreditDimensions. The two firms are launching the (as yet unnamed) joint product at this month’s Securties Industry Association (SIA) Technology Management Conference at the New York Hilton, which will provide clients with a consolidated…
BNP Paribas Securities to Use City Networks for Exceptions
BNP Paribas Securities has rolled out City Networks’ CityNet Investigation workflow management system, aimed at automating exceptions generated by the reconciliation process. Through the implementation, BNP is seeking to reduce its institutional clients’ operational risk among other benefits.