Data Management Insight Blogs The latest content from across the platform
Corporate Actions Survey Shows Increasing Move to Automation
The move towards corporate action automation is gaining momentum as firms come to accept that this is a key area and substantial gains can be made, according to a survey conducted in April and May by CityIQ on behalf of Swift and Smartstream. Over 50% of firms interviewed place greatest reliance on custodians, sub-custodians and…
EDI and Goal Team for Trade Cycle Tax Solution
Reference data provider Exchange Data International has entered into a strategic alliance with Goal Group, which develops systems handling the taxation elements of the securities processing cycle. Goal’s offering, GTRS, automates the process of reclaiming cross-border withholding tax on securities investment income, such as dividends, supported by EDI’s international securities administration data. Custodian banks reclaim…
DTCC Throws Its Weight Behind Corporate Actions Processing
The Depository Trust & Clearing Corporation (DTCC) launch of its Global Corporate Action (GCA) validation service at the beginning of the month will “reinvent the way corporate action announcements are managed” through the elimination of redundant operations and technology. The development of the service could, if widely adopted, spell bad news for some of the…
ISIPS Reflects Increased Industry Focus on Reference Data, A-Team Consulting Partners With Matrix Services.
We at Reference Data Review enjoyed our trip to this year’s ISIPS – the International Securities Industry Practitioners Symposium – event organised by STP Information Services in London. Reflecting the increased industry focus on reference data, the entire first day of the two-day event was given over to this very subject. Judging by the turnout,…
RDUG’s Legal Identity Identifier Proposal in Review Process
The draft definition for a proposed Legal Entity Identifier (LEI) code has this month been passed to Swift as the next stage in its development towards becoming an industry standard. It is also being considered for adoption into the next release of the FIX protocol, and the U.K. Financial Services Authority is considering endorsing it….
Reuters’ Restrictions on RIC Codes Relaxed in Bid for Widespread Standards Adoption
The decision by Reuters to license the use of its proprietary Reuters Instrument Codes (RICs) has drawn cautious welcomes from most involved in the reference data industry. But some question whether the contractual restrictions that Reuters hopes to enforce on the use of the codes will can be reconciled with their general adoption. The vendor,…
Daiwa Builds Pan-European Data System on FTI’s StreetReference
Daiwa Securities SMBC Europe, has selected the StreetReference product from Financial Technologies International (FTI) as the basis for re-engineering its reference data management environment in Europe. The investment bank will use StreetReference to centralise all European data, including client and securities reference data on a multi-lingual, multi-currency platform. In particular, it will build a common…
Soliton Lays Off London Sales Head Jones
Toronto-based software developer Soliton has made the head of its UK sales operation redundant after just over a year in the job. Carl Jones, a former sales manager with Reuters, was hired to run the Soliton in March last year. The departure comes less than two months after the company announced equity financing from Covington…
Calling All Data Feeds…
Dutch data management specialist Asset Control has ambitious plans to integrate the complete set of reference datafeeds into a single industry utility, chief executive Ger Rosenkamp explains. When Asset Control announced at the end of last month that it had mapped and normalised Telekurs Financial’s Valordata Feed (VDF) to its AC Plus system and ACDEX…
Asset Control Analyses Data With Analytics Suite
Netherlands-based data management specialist Asset Control has released AC Contour, an analytics tool, as part of its AC Business Suite of tools and applications. AC Contour is a tool for analysing data to create and visualize curves and surfaces including volatilities, correlation and variance covariance matrices, zero curves and bond curves. It was designed in…