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Iverson Pitches ‘Vertical Utility’ For Reference, Index Data
Encouraged by a commissioned survey that indicated firms’ growing interest in outsourcing data management, Iverson Financial Systems is pitching its concept of operating so-called vertical utilities on behalf of clients. Iverson already has three such utilities in operation, having grown the concept from an outsourced solution for equities reference data for a Wall Street firm…
FISD’s Atkin Sets Landscape for Data Standards Initiatives
In his update to the London reference data community earlier this month, Financial Information Services Division (FISD) director Mike Atkin took the opportunity to outline the group’s position on standards. As always seems to be the case with standards, he lamented the fact there are too many of them. But he also cut through the…
Telekurs Adds Three to U.K. Sales Operation
Telekurs (UK) is continuing with its spate of hires in the sales area, adding three to its sales team based in London. Reto Baumann, a seven-year Telekurs veteran, has relocated from Tokyo to become sales manager, responsible for new business sales and key accounts. Faye Cooper has joined as key account manager from Reuters, where…
Eagle’s Riley to Retire at End of Year
Eagle Investment Systems’ chief executive, Jack Riley, will retire at the end of the year, 13 years after co-founding the company. David Palten, another co-founder and currently president of Eagle, will assume the additional role of CEO, reporting to Jim Palermo, vice chairman of Mellon Financial Corp. and president of Mellon Global Securities Services. Riley…
Former Thomson Sales Head Lait Emerges at Standard & Poor’s
Standard & Poor’s has hired Sue Lait, former European sales director at Thomson Financial in London, to lead sales and support for S&P’s investment services business. Lait spent nine years at Thomson Financial, which she left earlier this year having being only recently promoted to sales head. Prior to that she ran the strategic accounts…
Eaton Vance, J.P. Morgan Fleming Sign Up for FT Interactive Data Fair Value
Eaton Vance Management and J.P. Morgan Fleming Asset Management have signed up for FT Interactive Data’s Fair Value Information Service. The investment management firms will use the service to support fair valuation procedures for international equities held in mutual fund portfolios. The Fair Value Information Service helps funds derive fair value estimates for securities for…
Basel II Plan Under Attack for Impact on Costs, Funding
The draft Basel II proposals on risk regulation have been attacked by two industry bodies in the past month. First, the Institute of International Finance (IIF) expressed concern about the potential costs to industry participants of accommodating what it called the complexity of the proposed new framework, and said there was a lack of coordination…
Fame Partners with CSFB for Bond Pricing, Analytics
Fame Information Services has signed a strategic agreement to market Credit Suisse First Boston’s fixed-income and convertible data/analytics offerings. CSFB’s services, powered by descriptive data from FT Interactive Data, are targeted at the research, compliance, and trading-room decision-support areas. By augmenting CSFB’s trade desk pricing and analytics with FT ID’s descriptive data, Fame clients will…
Barra, Reuters’ Lipper Team Up To Offer Risk Factor Data
Barra and Lipper, a Reuters subsidiary, have released the Lipper-Barra Mutual Fund Risk Factor service, which ranks the relative riskiness of mutual funds. The service is aimed at allowing investors and their advisors to compare competitive or complementary funds on the basis of the risks that they incur. The measure is based on Barra’s risk…
ADP Wilco Upgrades Its Gloss Securities Processing System
Automatic Data Processing’s Wilco unit has upgraded its Gloss international securities processing system. The latest version – Version 5 – includes extended instrument coverage and broader market connectivity. Gloss 5 now supports international fixed-income securities, repurchase agreements and stock lending. The system complies with upcoming mandatory changes to the Swift messaging format and now connects…