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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…
Hedge Fund CQS Selects OTC Valuations to Deliver Valuation Reports
Following OTC Valuations’ (OTC Val) acquisition by Tullett Prebon earlier this year, OTC Val has been selected by leading hedge fund CQS, to provide monthly independent valuation reports for their complex structured credit portfolio. Shaun Brick, head of product control at CQS, commented: “As part of CQS’s continuing process of enhancing control and pricing accuracy…
Trillium Software Unveils Latest Version of Trillium Software System to Help Companies Achieve Data Certainty
Trillium Software, a business of Harte-Hanks, announced today its latest version of the Trillium Software System. This newly-released software platform provides an easy-to-navigate interface which supports the data lifecycle methodology that companies engage in to “Discover, Develop, Deploy and Manage” their information quality initiatives. Designed to visualise data issues, improve business rule validation and enhance…
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…
StatPro Evaluated Pricing Service Selected by BofA Merrill Lynch Global Research
StatPro, a global provider of portfolio analysis software and asset valuations, today announced that it will become the primary independent provider of evaluated pricing for BofA Merrill Lynch Global Research Bond Indices for Canada, Mexico and Brazil. StatPro’s fixed income methodologies incorporate bond terms and conditions, proprietary pricing models and real-time quotes from contributing dealers….
Accuity Introduces Chinese Language Functionality for Online Compliance
Accuity, a provider of global payment routing data, AML screening software, and services, today unveiled Chinese language functionality for its web-based look-up tool, Online Compliance, powered by WorldCompliance. A versatile component of Accuity’s Compliance Solutions, Online Compliance allows users to identify and research sanctioned entities, Politically Exposed Persons (PEPs) and other high-risk individuals and organisations….