Data Management Insight Blogs The latest content from across the platform
IFDS Names Carpenter to Lead U.K. Sales
International Financial Data Services (IFDS) has hired Daniel Carpenter as head of U.K. sales, reporting to managing director Paul Roberts. IFDS is a transfer agency joint venture between DST Systems and State Street. Carpenter was previously sales and marketing director at Cor Financial Solutions, and has held positions at Kinetic Information Systems, Primark – now…
Ex-Reuters STP Executive Smith Emerges at TradeWeb
TradeWeb, the institutional transaction portal for fixed income securities, has named Chris Smith to lead its European straight-through-processing initiative. In the face of continuing competition in the electronic bond trading arena, TradeWeb has been emphasizing its STP capabilities as an edge over potential rivals. Smith will oversee the launch of TradeWeb’s TradeXpress STP product in…
Wall Street Systems Hires Longden as European Head
Wall Street Systems has hired Chris Longden as regional managing director for Europe, Middle East and Africa, with responsibility for the company’s sales and delivery operations. Longden was previously head of global risk management products at Misys International Banking Systems.
Asset Control Partners with Vitria for Data Dissemination
Business process integration specialist Vitria has formed a partnership with Asset Control. The two companies will develop a joint solution, the Asset Control Integration Module, to facilitate the dissemination of ‘cleansed’ and standardized reference data to multiple systems. The joint product, scheduled for availability in the third quarter of this year, will combine Vitria’s BusinessWare…
Wachovia Licenses Xcitek
Wachovia Corp. has licensed Xcitek CostBasis’s XCB solution to calculate cost allocation factors and tax opinions on corporate actions. XCB is an automated solution for supplying cost basis and tax data. Susan Lane, managing director, securities servicing, Wachovia, says the product is user-friendly and cost effective in supporting the bank’s trust account base. “It provided…
Advent Software and Netik Seal Strategic Integration Alliance
Advent Software and Netik have formed a strategic alliance to integrate Advent’s Geneva and Netik’s InterView V7 software. The combined products will provide fund administrators, prime brokers and global asset managers with an integrated system for investment accounting, data management and reporting. The Geneva software features a single unified data model that supports flexible reporting…
The Interview: Full Circle for EDI
Nearly a decade ago, a licence to distribute London Stock Exchange started Exchange Data International down the data aggregation route. RDR reports on how far they’ve come A little over two years ago, the phrase reference data was pretty much unknown. Today it is in danger of becoming one of those tick-box capabilities that suppliers…
As More Suppliers Join the Reference Data Party, Will Commercial Issues Hijack Industry Debate?
July is upon us, and while visitors to the SIA Show in New York last month were taken aback by some unseasonable rain, everyone is settling down for a long, hot summer. Or perhaps not. Judging by the flow of announcements from vendors in the reference data space, things are not slowing down just yet….
DTCC White Paper Offers Plan for Corporate Actions Process
The Depository Trust & Clearing Corp. (DTCC) continues to push its proposals for the transformation of corporate action processing with the release of a blueprint plan that includes proposals for the development of centralised data cleansing and hub-based messaging. Earlier this year, the DTCC launched its Global Corporate Action (GCA) validation service (see RDR, June)…
KBC Bank Selects Fame’s ReferencePoint for European Risk Management Project
KBC Bank & Insurance Group has begun to implement a major reference data project using Fame Information Services’ ReferencePoint system. Fame has also been contracted to customise and implement the system under a fixed-price, fixed-delivery-date contract. As part of its risk management strategy KBC, headquartered in Brussels, will be using ReferencePoint to integrate multiple data…