A-Team Insight Blogs The latest content from across the platform
Interactive Data’s Net Income for the Second Quarter Drops 31.4%, But Reference Data Segment Remains Strong
The acquisition of Interactive Data by Silver Lake and Warburg Pincus is imminent, but it seems the private equity firms may have a job on their hands to rationalise costs and pull the data vendor back into the black. Following a disappointing first quarter, with a net income decrease of 7.6% from the previous year’s…
Regulations Pushing Basic Reference Data Management Issues up the Agenda for Asset Managers, Says MoneyMate’s Brennan
The increased media attention being given to regulation and the punitive action taken by regulators as a result of data errors has flagged the issue of data management for the buy side at large, from hedge fund managers to traditional institutional investment firms, according to MoneyMate’s chief technology officer Ronan Brennan. During a recent webinar,…
Performa Deploys Eagle’s Investment Management Suite
Eagle Investment Systems, a provider of financial services technology and a subsidiary of BNY Mellon, today announced PRP Performa is live in production with the Eagle suite, which includes data management, investment accounting and performance measurement solutions. STP Investment Services, provider of mid- and back office investment services including technology consulting, assisted with the implementation….
First Derivatives Focusing on High Performance Functionality for Data Solutions, Says North American Head Richards
Since its acquisition of Reference Data Factory (RDF) back in October last year, First Derivatives has been working on integrating the reference data solutions into its overall portfolio for a more holistic approach to the market, explains Dale Richards, who was recently appointed as president of the vendor’s US operations. The next port of call…
Getting Sidetracked on the Topic of MiFID
This week’s MiFID Forum debate was a case in point of how easy it is to go off track when discussing the current barrage of consultation papers released related to the MiFID review. Although some of the discussions were interesting from a bigger picture perspective, I expect that much more productive talks will take place…
Sophis Wins Contract for China Re Asset Management
Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions, has been awarded a contract from China Re Asset Management Company (CRAMC), the asset management arm of China Reinsurance (Group) Corporation, to implement Sophis VALUE, its flagship buy side system. The mandate marks the first mainland Chinese insurance company to adopt a fully integrated…
Two Weeks Until Firms Need to Supply Their Pre-implementation Reports to the UK FSCS for SCV Compliance
The UK Financial Services Authority (FSA) has been doing its level best this year to make the industry aware of the new customer data requirements as part of the incoming Financial Services Compensation Scheme (FSCS) Single Customer View (SCV) reforms, but time is running out. Firms have the next two weeks in which to pull…
US SEC Asking for Feedback on Proxy Voting Proposals Including Data Tagging
The US Securities and Exchange Commission has just opened a 90 public comment period for consideration of its proposals to modernise the proxy voting system in the country by increasing electronic messaging and XBRL tagging. Last year, SEC chairman Mary Schapiro launched a comprehensive review of the US proxy system in order to determine a…
T2S Corporate Actions Working Group Raises Potential Processing Issues Within System
As noted by Reference Data Review back in April this year, the European Central Bank’s (ECB) Target2-Securities (T2S) settlement system could have a significant impact on the area of corporate actions and some progress has already been made by the Corporate Actions Sub-group (CASG) in defining the issues that need to be tackled in this…
Quantifi Releases Next Generation Yield Curve Construction
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced the release of a new generation of yield curve construction that supports the latest best market practice of ‘Double-Curve’ interest rate valuation. The recent credit crisis introduced fundamental changes to the way interest rate derivatives are valued. The…