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Societe Generale Securities Services Appoints Renault as Country Manager for Luxembourg
Societe Generale Securities Services (SGSS) has appointed Olivier Renault as country manager for SGSS in Luxembourg, replacing Michel Becker. Renault will report to SGSS executive management and becomes a member of the executive committee of Societe Generale Bank and Trust (SGBT), in charge of Securities Services. SGSS in Luxembourg offers its clients international custody, fund…
SIX Telekurs Bolsters its Evaluated Pricing Service
Following the acquisition of the evaluated pricing business of CSV Incorporated in April, SIX Telekurs is continuing to develop this strategic part of its business by forming a focused business unit and adding several senior staff resources, including some new hires. “Evaluated Pricing is a strategic focus for SIX Telekurs, and we are deeply committed…
Eagle Focuses on Hybrid Approach to Data Management and Downstream Integration
BNY Mellon owned Eagle Investment Systems’ big news at this year’s Sifma was the launch of its new data integration services, which effectively packages together its standard and reusable interfaces into a service layer that sits on top of its hosted Eagle Access data solution. John Lehner, who took over as CEO of the vendor…
JWG’s Customer Data Group Adds More Items to Regulatory Watch List, Joins Forces with ISO to Lobby CESR
The list of regulations that may potentially impact the customer data management space has increased further still this week to 24, according to CEO of think tank JWG PJ Di Giammarino. The recent package of reforms proposed by the European Commission, including proposals relating to deposit guarantees, investor compensation and insurance guarantee schemes, says Di…
SEC Upgrades Interactive Data Rendering Engine
The US Securities and Exchange Commission (SEC) has this week completed an upgrade of its interactive data rendering engine, the software in the Edgar system which turns interactive data files into a human readable document. The XBRL-based reporting and disclosure system now features more accurate rendering of key data items such as currency symbols and…
CRC Registry Requirements Causing Another Data Management Headache, Says Citi’s Gibson
As part of its Carbon Reduction Commitment (CRC) emissions trading scheme, the UK Environment Agency is asking firms to register their organisational structure in order to determine their carbon emission allowances. This necessarily involves financial institutions tracking reference data on the assets they hold and those held by their subsidiary entities, all of which adds…
Vermeg’s Settlement and Corporate Action systems Achieved 2008 SWIFTReady Label Accreditation
VERMEG, the accredited global securities processing software specialist announced today that Megara’s, MegaCustody and MegaCor modules have gained the prestigious Securities Settlement and Corporate Actions SWIFTReady labels for 2010. MegaCor achieved the certification having been assessed against numerous global market scenarios and MegaCustody against global market practices. The SWIFT certification report underlines the uniqueness of…
SmartStream’s North American Growth Continues with Toronto Office Opening and New York Expansion
SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced further investment across North America as it continues to win new clients in the region. SmartStream’s North American operations have experienced significant growth over recent years with leading US investment banks, hedge funds and asset managers becoming clients. This latest investment reflects both the company’s…
Xtrakter Moots Development of Trade Data Repository, Consults Industry on Plans
Given the announcement by the Depository Trust & Clearing Corporation (DTCC) that it would be establishing a European-based trade data repository in the UK earlier this week, it was only a matter of time before another willing party decided to join the fray. The DTCC’s potential competition comes in the form of Trax platform operator…
BarCap’s Duncan Elaborates on Increased Regulatory Driven Investment in Risk Management
In line with the marked increase in risk related regulation this year, many financial institutions have been compelled to step up their efforts in the space in order to be able to cope with the deluge of new requirements. Speaking at last week’s FS Club in London, Ed Duncan, global head of regulatory liaison and…