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Issuers’ Group Campaigns for Regulators to Reduce their Reliance on Ratings
Ratings agencies are really getting a battering from all sides this month. Not only is the banking sector and the regulators scrutinising their every move, now issuers have added their two pennies’ worth to the debate. This week, issuer association EuropeanIssuers indicated that it believes references to credit ratings should be completely removed from European…
Aim Software’s Sommeregger Talks up CetrelSecurities Partnership
Following the signing of a partnership with Luxembourg-based, application service provider (ASP) specialist CetrelSecurities earlier this year, data management solution vendor Aim Software has acquired its first joint customer in the Luxembourg market. Josef Sommeregger, vice president business development and sales at Aim Software, explains that the joint offering is aimed at netting the vendor…
Nomura Launches Collocation Facility Using Colt’s Network Infrastructure
Nomura has selected Colt to provide network infrastructure for its new European connectivity and collocation service. The Nomura initiative comes as the Japanese firm seeks to build on the strong European equities position of Lehman Brothers, whose European and Asian operations it took over a year ago. Nomura calls its new infrastructure a “next-generation ultra-low-latency…
Q&A: RTI Introduces Wide Area Routing Service; Scaling To Hundreds of Thousands of Applications
Real-Time Innovations (RTI) is best known for its messaging middleware, which is deployed in support of low-latency applications such as algorithmic trading, within trading firms. Recently, RTI introduced the RTI Routing Service, which can be used to bridge applications and networks running in different locations – up to tens or hundreds of thousands of applications….
Schroders Goes Live with SimCorp Dimension in Asia Pacific
Schroder Investment Management has completed the implementation of SimCorp Dimension for valuation and settlement functions across four countries within its Asia Pacific operation. The system, which has been live since 6 July 2009, covers over 800 portfolios in Singapore, Hong Kong, Indonesia and Japan and processes more than 20,000 transactions a month. SimCorp Dimension replaces…
Derivix Names Industry Veteran Pierce President
Derivix, a financial software company providing options pricing, portfolio risk visualisation and analytics solutions, today announced that Carrick Pierce has joined the company as its new president. In this newly created position, Pierce will oversee business development, product strategy and global sales to support Derivix as it continues to grow in the dynamic US options…
Asset Control Officially Launches AC Invest, with Added Fanfare from Olympic Champ Gunnell
EDM specialist vendor Asset Control officially launched its new compliance focused solution, AC Invest, this week with a little help from former British Olympic champion Sally Gunnell. Reference Data Review first covered the news of the launch at Sibos, but the vendor decided to dedicate an evening of networking, cocktails and Olympic tales to elaborate…
ECB’s Reference Data Utility Plans Not Practical Enough, Say RDR Readers
It seems that the majority of Reference Data Review readers out there remain sceptical of the European Central Bank’s (ECB) proposed reference data utility. According to the results of out October reader poll, 43% of you do not think the proposals are practical enough to warrant being considered a desirable concept for the market. The…
Pricing Partners Moves its Headquarters to Paris’s Financial Area
Pricing Partners announced today that it will move its headquarters to central Paris’s downtown area in November 2009 as a result of impressive growth and a consistent demand for products and services. The new address will be: Pricing Partners, 6 rue Rougemont, 75009 Paris. Pricing Partners is expanding at a rapid rate, adding more staff,…
StatPro Adds Grobien to European Team as Biz Dev Manager for Germany
Following the appointment of Tim Dennis as European sales director in June this year, portfolio analytics and data solution vendor StatPro has added another new recruit to its European team: Mark Grobien as business development manager for Germany. Grobien will be based in Paris but will be charged with serving the German speaking markets in…