Data Management Insight Blogs The latest content from across the platform
SunGard Forms Enterprise Unit To Develop Former Fame Business
Following its acquisition earlier this year of Fame Information Services, SunGard has unveiled a new corporate structure in the reference and market data area to accommodate its activities in securities administration and pricing services. The company has created a new group, SunGard Data Management Solutions, formed by the merger of Fame and SunGard Market Data…
Cusip License Fee Battle Rages On
The batting to and fro between the International Standards Organization (ISO), the Association of National Numbering Agencies (ANNA) and the Cusip Service Bureau operated by McGraw-Hill’s Standard & Poor’s Corp. continues unabated. The latest barrage comes from ANNA members, who collectively condemned charging for ISIN-based securities identification databases, in what appears to be another thinly…
DTCC Unveils Smart/Source Event, Reference Data Service
The Depository Trust & Clearing Corp. (DTCC) has introduced Smart/Source, offering online, Internet-based access to the security and reference data it collects and maintains for the more than two million securities eligible for processing by its Depository Trust Co. unit. DTCC is a major source of corporate event and reference data. The new service can…
Brewin Consulting Launches Reference Data Diagnostic
U.K. consultants Brewin Consulting has introduced Reference Data Diagnostic, which helps financial institutions understand and tackle data quality issues around reference data. The system offers analysis on why quality of certain data is poor and offers suggestions on how to improved it. At the heart of the system is a reference data rule base that…
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.