Data Management Insight Blogs The latest content from across the platform
SSI Database ‘Last Big Challenge,’ Industry Participants Believe
The audience at a recent industry conference hosted by bond trading platform Tradeweb, heard that the adoption of a standard settlement instructions (SSI) database represented that “last big challenge” facing those seeking to realize straight-through-processing. Tradeweb has an interest in SSI through its AccountNet service, which helps firms using its electronic bond trading system to…
ADP Wilco Expands Outsourcing to Reference Data Management
ADP Wilco has expanded its ASP outsourcing business to adopt a more comprehensive business processing outsourcing approach. Targeting smaller brokerages, ADP Wilco will offer such back-office tasks as instrument pricing and securities and corporate actions reference data management, as well as trade capture and reconciliation. Rather than a full back-office outsourcing approach, the ADP Wilco…
Dow Jones Indexes-iBoxx Talks Hit Rocks over Name
Talks about a collaboration between Dow Jones Indexes and iBoxx hit the rocks earlier this month when the two sides failed to agree over the name of the new index they were planning to create. Dow Jones Indexes, with its Trac-x indices, and iBoxx both cover the credit default swaps marketplace. The two have been…
IBM Builds on Reference Data Initiative with Basel II Suite
Hot on the heels of its reference data deal with Dresdner Bank (Reference Data Review, January 2004), IBM this month launched a suite of data management solutions designed to cater for institutions seeking to comply with the Basel II operational risk regulations. The new suite – with the snappy name of Risk & Compliance-Basel II…
Reference Data’s Role in the Centralization of Operations
It’s always fun to hear TowerGroup’s Tim Lind expound on any aspect of the securities operations business. Tim has an uncanny knack for making what’s mundane to many, well, fun. This month’s performance – for it was one – was courtesy of SunGard EPI, the unit of the financial software monolith that deals with transactions…
Eagle Underpins Core Businesses With Reference Data Plan
Eagle Investment Systems’ ReferenceManager platform is expected to play a strategic role in the company’s plans for 2004. In an interview with Reference Data Review, David Palten, president and chief executive officer, outlined the importance of the reference data management platform’s function in bringing together Eagle’s various application products, including those in the accounting, portfolio…
S&P, Telekurs, D&B Launch Security to Entity CrossWalk
This month saw the launch of Security to Entity CrossWalk, a cross-referencing system described by its sponsors as the ‘glue’ that links the ISIDPlus international securities identification directory co-produced by Standard & Poor’s and Telekurs Financial, and the WorldBase entity and corporate hierarchy database operated by Dun & Bradstreet. The new service is aimed at…
RDUG’s Kirby Stresses Role of Corporate Actions Processing
Anthony Kirby, secretary and founder of the Reference Data User Group (RDUG) used last month’s Finexpo 2004 conference in London to outline new initiatives in the corporate actions area. Kirby said the industry group was looking at corporate actions as a possible area for new activity. In a wide-ranging presentation to industry participants at the…
Telekurs, Vermeg Establish CA Partnership
Telekurs Financial has created a partnership with Vermeg to integrate Telekurs’ Valordata Feed (VDF) with Vermeg’s Megacor CA automation platform. The addition of VDF’s will give a boost to Megacor, the first corporate actions solution to be accredited by Swift with its new Corporate Actions SwiftReady Label.
Daiwa Securities America, Invesco License Xcitek’s XSP
Daiwa Securities America is to automate its corporate actions processing using Xcitek’s XSP platform and the company’s corporate actions data. The platform will work alongside SunGard’s Phase 3 back-office system, and is aimed at reducing operational risk and increasing efficiency in corporate actions handling. The system is expected to be live by April. Meanwhile, Invesco…