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US-EU Bulk Data Swift Transfer Continues to Prove Controversial in Europe
As noted by Reference Data Review last month, consensus remains out of reach on the subject of bank data transfer between the US and Europe across the Swift network. European politicians are keen that bulk data transfers of sensitive customer data across the network for counter terrorism purposes be avoided and that this data instead be processed…
DTCC Continues Expansion of Public Data on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) expanded its public release of data in the Trade Information Warehouse’s global repository to include a breakout of outstanding credit default swap (CDS) contract values in their currencies of denomination. This added information is expected to help provide greater transparency into the risk exposure of a particular currency…
Asset Control’s Enfield Elaborates on Focus on Integration and AC Connect Launch
With the launch of its new integration module, enterprise data management (EDM) solution provider Asset Control is seeking to tackle the last mile challenge of data management projects. Rick Enfield, business owner of the vendor’s AC Plus solution, speaks to Reference Data Review about the development of the new platform and how it fits into Asset…
Interactive Data’s D’Arcy Hints at Closer Tie up with SunGard as a Result of Private Equity Buy Out
Following yesterday’s private equity buy out of Interactive Data, speculation about what the future may hold for the number three data vendor has rippled across the industry. Speaking to Reference Data Review, president and CEO of Interactive Data Ray D’Arcy indicates that in the short term the vendor will benefit from much closer relationships with the…
PaceMetrics Appoints Senior Consultant to Drive Buy Side Growth
PaceMetrics, a global provider of process driven enterprise data management solutions, today announced the appointment of Dick Severs as senior consultant. Severs will manage PaceMetrics’ enterprise data management (EDM) product development and solution offerings for buy side institutions. He will also be responsible for expanding PaceMetrics’ buy side client base globally and will be based…
FRSGlobal Developing World’s First Theoretical Foundation for Fair Value Pricing of Emission Linked Derivatives
FRSGlobal today announced that it is working with the Institute of Data Analysis and Process Design of Zurich University of Applied Science (ZHAW) to create the world’s first theoretical foundation to gauge fair value pricing of emission linked derivatives contracts. This CTI project is being led by Professors Wolfgang Breyman (ZHAW) and Jury Hinz (National…
Fiserv’ Financial Institution Services Business Experiences 3.3% Revenue Decrease in First Quarter
Following on from the disappointing last quarter of 2009 for its Financial Institution Services business, Fiserv has yet again experienced a revenue decline for the division in the first quarter of this year. The business experienced a decline in revenue of 3.3% or US$16 million from US$488 million in the first quarter of 2009 to…
Regulators are Cracking Down on Counterparty Identifiers in Line with the MiFID Review
The UK Financial Services Authority’s (FSA) recent fining of German bank Commerzbank for its transaction reporting failures is just one instance of the regulator’s current focus on the data details of a firm’s business. One of the underlying problems in Commerzbank’s case was the incorrect allocation of counterparty codes and the use of proprietary codes for…
StatPro North America Expands Sales Leadership Team
StatPro, a global provider of portfolio analysis and asset valuation software for investment professionals, today announced the expansion of its North American sales team with the addition of Holli McCaffery and David Meister. Both McCaffery and Meister bring years of finance and technology experience to StatPro from leading companies such as Morningstar, Thomson Reuters and…
Aim Software and SIX Telekurs Launch 7th Edition of the Aim Global Reference Data and Risk Management Survey
Aim Software today announced the launch of its 7th international reference data and risk management survey which is designed to provide insights into the challenges, trends and planned investments for reference data automation and risk management in the financial industry. This year’s survey is sponsored by SIX Telekurs. In the dramatically changing world of finance,…