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Milne Returns to the Fold at LSE as New Head of Post-Trade Services
It has been a month since A-Team Group wrote about Kevin Milne’s departure from Xtrakter and it seems that the interests he has decided to pursue outside of the Euroclear Group include becoming the London Stock Exchange (LSE) Group’s new director of Post-trade Services. Milne is in fact returning to where he began his financial services…
Omgeo’s Bouchea Elaborates on Developments for Alert in 2010, Including Addition of Entity Data
Last year, post-trade services vendor Omgeo added a trio of new hires to focus on bolstering its data related business solutions, including its web-based global database for the maintenance and communication of standing settlement and account instructions (SSIs), Omgeo Alert. Over the course of this year, the vendor will be taking advantage of this hired…
TCS Reports 10.3% Revenue Increase for Third Quarter of 2009
Tata Consultancy Services (TCS) may have lost a few of its key staff to other vendors in 2009, but it seems that staff turnover didn’t affect financial turnover for the quarter ending 31 December: the vendor experienced a 10.3% increase in revenue on the previous year’s figures. The vendor’s revenues were at US$1.64 billion for…
Interactive Data Issues Statement Regarding Recent Press Reports
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today issued a brief statement following recent press reports. Interactive Data’s Board of Directors is currently conducting a preliminary review of strategic alternatives for the Company. There can be no assurance on the potential outcome or timing of this review process….
Interactive Data Confirms is Exploring “Strategic Alternatives”, But Who is Big Enough to Buy it?
Interactive Data has confirmed today that it is exploring “strategic alternatives” for its future, but has declined to provide any more explanation as to what these alternatives may include. The number three data provider in the financial markets is likely seeking a suitable marriage partner, but who is likely (or able) to offer its hand?…
Siperian Reinforces its Commitment to Multi-domain Master Data Management, Changes Product Name to Reflect Customer Usage
Siperian, a provider of a multi-domain master data management (MDM) platform, today announced that it has changed the name of its MDM platform to Siperian Multi-domain MDM Hub to more accurately represent the way its customers are leveraging the solution. Organisations rely on the multi-domain master data management platform to increase customer profitability, reduce operating…
StatPro Adds Two More New Hires to European Team, Both From FactSet
Following a bout of hiring last year, portfolio analytics and data solutions vendor StatPro has started 2010 by adding yet more members to its European team. The vendor has poached two members from data and analytics rival FactSet Research Systems to join European sales director Tim Dennis’ team: Robert Campbell and Christopher Ruby. StatPro has…
Bloomberg Launches Interface to CDS Clearing Houses
Bloomberg has launched the first interface in the US credit derivatives (CDS) market that connects both buy and sell side firms to the two central clearing counterparties (CCPs). The Bloomberg VCON solution, a widely accepted confirmation utility for cash and derivative instruments, now allows dealers and their clients to send executed trades to the two…
SEC Highlights Importance of Timeliness of Corporate Actions Data with Action Against Bank of America
If firms weren’t apprised of the importance of corporate actions data before, a recent action by the Securities and Exchange Commission (SEC) against Bank of America should convince them. Following a few months of trawling through corporate actions related data, the regulator has announced that it is seeking to charge Bank of America with failing…
Deutsche Postbank Financial Opts for Combo of Aim’s Gain and SIX Telekurs’ Data
Following a year filled with the signing of partnership agreements and the appointment of new hires, data management solution vendor Aim Software has started 2010 with a new client win in the form of German bank Deutsche Postbank Financial. The bank has opted for a combination of SIX Telekurs’ Valor Data Feed (VDF) to be…