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The Sibos Vendor Agenda: Swift Under Pressure to Deliver Cost Savings, Says Peterevans’ Foley
The financial crisis and economic slowdown is sure to prove problematic for Swift, as it faces declining volumes and pressure to drive down costs from its users. Mike Foley, CEO of vendor Peterevans, ponders this and other issues that may crop up during Sibos next month. “As signalled in the Swift 2008 report, ‘the global…
Only Half of RDR Readers Have Formal Metrics in Place to Measure Data Successes
Despite the downturn in the financial markets and cost pressures on data management budgets, half of Reference Data Review readers still do not have formal metrics in place to prove the success of a project, according to the results of our recent reader poll. The poll results indicate that half of respondents continue to use…
DPC DATA MuniGUARD Addresses Bond Dealers’ Mounting MSRB and Finra Compliance Concerns
DPC DATA, a provider of municipal bond disclosure data, research and data services, today announced that its new surveillance service, MuniGUARD, is helping municipal bond dealers address mounting regulatory demands and enforcement pressures related to investor protections. Providing automated notice of the latest material event filings, which can be integrated directly into trading and compliance…
GBST Releases SSI Validation Testing Engine to Reduce Operational Risk
Following its rebrand under the heading of GBST Global Broker Services earlier this month, the vendor previously known as Coexis has released a new validation service for standard settlement instructions (SSIs). Dubbed Syn~SSI, the solution is aimed at reducing settlement failure caused by unpredictable changes in counterparties’ SSIs, says the vendor. “The operational risk of…
The Sibos Vendor Agenda: SEB’s Fors Talks up Corporate Actions and Risk
Next month’s Sibos conference in Hong Kong seems to be generating its fair share of buzz with regards to putting corporate actions back on the agenda. Goran Fors, global head of custody at Nordic bank SEB, reckons the discussions will indicate that the industry still has a long way to go within this particularly manual…
US NIF and ECB’s Reference Data Utility Need Clarity and Strong Leadership, Says JWG-IT’s Di Giammarino
In order to have any hope of succeeding in achieving their goals of introducing greater data standardisation in the market, the US National Institute of Finance (NIF) and the European Central Bank (ECB) will need to provide a great deal more clarity around the benefits of their approaches, says PJ Di Giammarino, CEO of think…
US Government Sends Final OTC Derivatives Regulations Proposals to Congress
Following the publication of its white paper on an overhaul of the OTC derivatives regulatory regime last month, the US government has finally sent its proposals to Congress, which will vote on them once it returns from its August recess. The proposals include requirements for the more vanilla end of the spectrum of these instruments…
Datanomic Adds Two Key Appointments to Senior Management Team
Compliance screening and data management specialists, Datanomic, today announced two new key additions to its senior management team as it prepares for further global expansion. Peter Jost joins Datanomic as director of operations, and Neil Matthews has been promoted to director of pre-sales. The appointments will play an important role in managing and executing the…
Markit and DTCC Plan Launch of Combined Trade Confirm and Workflow Platform for September
Following the signing of a partnership agreement in July last year, Markit and the Depository Trust & Clearing Corporation (DTCC) have finally announced the launch date for their joint venture in the derivatives trade processing space. The vendors will be launching MarkitServ, which combines DTCC’s DerivServ workflow platform and the (ex-Swapswire) Markit Wire trade confirmation…
DataFlux and Comsys Form Alliance to Provide Enterprise Data Management Solutions
DataFlux, a provider of data quality and data integration solutions, and Comsys IT Partners have announced an alliance to provide DataFlux technologies to Comsys clients. With DataFlux technology, Comsys will have expanded capabilities to provide creative tactical and strategic solutions in data quality, data integration and master data management (MDM). Vince Verna, vice president of…