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Swift to Reduce Message Prices by an Average 20 Percent
Swift, the provider of global financial messaging services, announced today that it is reducing the price of messages on its core FIN service by an average of 20 percent. This will represent an estimated saving of EUR 70 million for Swift customers in 2011. The new pricing plan takes effect on 1 January 2011. “We…
Mason Slaine Named Chairman, President and CEO of Interactive Data Corporation
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that Mason Slaine has been named chairman, president and chief executive officer of the Company, effective immediately. Mr. Slaine replaces Raymond D’Arcy, who will now serve as vice chairman of Interactive Data. Mr. Slaine has held a number of…
Stop Press: Raymond D’Arcy Replaced as CEO of Interactive Data Corporation
Raymond D’Arcy is stepping down as president and CEO at Interactive Data Corporation less than two months after venture capital funds Silver Lake and Warburg Pincus concluded their acquisition of the financial information giant. The top level shuffle sees Mason Slaine named as chairman, president and CEO of Interactive Data, with D’Arcy appointed vice chairman….
Put Aside Preconceptions About Technology and Realise Data Aggregation for Risk Analysis Across Silos, Says Sybase’s Williams
In order to be able to fully realise the benefits of the risk analytics technology on the market firms must first put aside their preconceptions about what this technology is capable of, said Adrian Williams, business development director of Sybase, in his keynote speech to the delegates to A-Team Insight Exchange in London this morning….
SimCorp and AIM Software Partner to Provide Cleansed Data
SimCorp, a provider of highly specialised software for the investment industry, and AIM Software, a provider of financial data management solutions, have entered into a global collaborative agreement. The agreement enables SimCorp to provide AIM Software’s GAIN Data Management software to its clients, in conjunction with SimCorp Dimension, SimCorp’s seamless investment management solution. GAIN Data…
Broadridge to Expand its Business Process Outsourcing Services
Broadridge Financial Solutions, a technology services and outsourcing company to the global financial services industry, today announced a major expansion of its outsourcing solutions offering. In response to market demand, Broadridge has extended its business process outsourcing (BPO) services beyond securities processing functions and, in order to offer greater flexibility to global financial institutions, now…
WestLB Selects Quantifi’s Cutting Edge Credit Valuation Adjustment Pricing Tool
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced that WestLB, a European commercial bank, has selected Quantifi’s next generation Credit Valuation Adjustment (CVA) pricing tool, Quantifi CVA. Being able to correctly price and manage counterparty risk is a key priority for financial institutions as they look…
Agio Technology Targets Top 200 Hedge Funds with Outsourcing Offering, Plans HK Office Opening This Year
Pressure to focus on the core of their business is driving hedge funds to outsource many of the operational aspects of their business, including data management, explains Bart McDonough, CEO and founder of the new vendor on the managed services block, Agio Technology. Following nearly nine years of working in a systems architecture role for…
Former Reference Data Exec Van Lunteren Exits RBS, Unlikely to be the Last
After three years as head of common reference data for Royal Bank of Scotland (RBS) and, prior to its acquisition, ABN Amro in the Netherlands, Martijn van Lunteren has exited the building. As noted by Reference Data Review earlier this month, RBS has made no secret of its plans to cut around 3,500 back office jobs over…
ECB Indicates Preliminary Price of 13 Cents Per Instruction for T2S Settlement with 30 CSDs on Board
The European Central Bank (ECB) has released its preliminary price estimates for settlement on its Target2-Securities (T2S) settlement system, due to be launched in September 2014, which indicate that if all 30 European central securities depositories (CSDs) join, settlement could be as low as 13 cents per settlement instruction. This will therefore essentially split the…