Data Management Insight Blogs The latest content from across the platform
Capco Purchase of Iverson Financial Yields Data Platform, Outsourced Management
Capco’s acquisition of California-based data management specialist Iverson Financial Systems last month gives the business services provider both a viable outsourcing solution and a platform product upon which to base its continuing push into the reference data marketplace. The deal appears to be a logical step toward establishing a product approach to complement Capco’s heretofore…
Tabb Group Report Cites Critical Role of Reference Data
Underscoring A-Team Consulting’s own research in this area, Tabb Group’s new report on the future of trading-related technology, points to reference data’s critical role in achieving the much-vaunted goal of straight-through-processing. Tabb describes external STP as “moribund” post September 11 and the demise of the GSTPA. However, the report – published last month and entitled…
The Big Boys Start to Circle the Wagons
In every segment of the financial information technology space, there comes a time when the success of the grass roots specialist vendors comes to the attention of the bigger umbrella suppliers of IT services and applications. That moment may be in the process of coming very early to the area of reference data. The past…
IBM Gets Serious About Reference Data Through Purchase of Dresdner Platform, Outsourcing Deal
IBM’s deal last month with Dresdner Bank of Germany seems to give some teeth to the IT services company’s approach to reference data management after talking about the segment for quite some time. The agreement also gives IBM a pricing database and management tool for risk and regulatory reporting – code-named Project Greenwich – to…
MDDL: Bearing the Reference Data Standard By James Hartley, Chief Technologist, SIIA/FISD.
Just as the World Wide Web is maturing and the capabilities of Web Services are evolving, so are the data and application standards that use these tools. The Market Data Definition Language (MDDL) is the emerging eXtensible Markup Language (XML)-based standard for reference data. The financial services industry finds itself grappling with the fiscal need…
Xcitek Reshuffles, Seeing Demand For Corporate Actions Solutions
Xcitek, a provider of corporate actions data and management software, is reshuffling its sales, client services and marketing groups, and has plans to hire several new sales and sales support staff. The corporate realignment is cited as a response to growing demand for the company’s XSP corporate actions systems and services. According to Brendan Farrell,…
London Exchange Delays Sedol Upgrade, Citing High Demand
The London Stock Exchange has delayed the launch of its upgraded Sedol Masterfile Service, citing additional testing precautions in the face of apparently greater-than-expected demand. The delay, however, is not expected to be significant, with a new launch date scheduled for announcement on January 23. The new version of the SMF Service will change the…
UII Protagonists Heed Dessug’s Concerns About Standard
Industry groups seeking to establish a unique industry identifier (UII) for multi-listed securities that are traded cross-border have agreed to addresss calls for clarification from a German user group. The move appears to answer concerns raised by Dessug, the German Swift Securities User Group, which requested that a simpler vocabulary and an updated glossary of…
Telekurs Financial Expands Management Team in the U.K.
Swiss data vendor Telekurs Financial has added executives to its U.K. management team. Dominique Tanner, head of business development, becomes deputy to Telekurs (U.K.) CEO Beat Koch. Olga Bobrova, previously with Telekurs Financial Japan, becomes head of strategic marketing. Elizabeth Coleman, previously with Telekurs Financial France, becomes head of management services, with responsibility for finance…
Kirby Quits Deutsche Borse for Smartstream
Tony Kirby, the Reference Data Coalition (Redac) secretary and former leader of Reuters’ reference data strategy, has resigned from latest employers Deutsche Borse to take a job at Smartstream Technologies. Smartstream, a provider of transaction lifecycle management and corporate actions processing systems, last week announced that Kirby will join February 2 as director of market…