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Oracle to Buy Data Integration Vendor GoldenGate Software
Oracle has agreed to acquire GoldenGate Software, a provider of real-time data integration solutions. The addition of technology from GoldenGate extends Oracle’s capabilities with a heterogeneous real-time data integration solution and adds functionality to maintain uptime of business critical applications during migrations and upgrades. “The need to improve operating performance in a global 24×7 environment…
CFTC’s Gensler Calls for Interoperability for OTC Derivatives Clearing Market
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), has this week elaborated on his desire for more competition to be introduced to the OTC derivatives clearing environment. Gensler testified before Congress to encourage the US government to introduce greater levels of standardisation within the market and the ability for market participants to be…
Provident Risk Management Selects Fincad’s Fair Value Insight for Valuations
Provident Risk Management is using Fincad’s Fair Value Insight as the foundation for its clients’ credit risk management and market valuations for interest rate derivatives and maximum potential credit exposure. Fair Value Insight is a secure web-based independent valuation solution built upon Fincad’s industry standard analytics and Icap’s market data. The solution enables corporate treasuries,…
Bi-Sam Appoints Diaz as Sales and Pre-sales Manager for Europe
Bi-Sam, provider of analytics, data management and reporting software B-One, has appointed Steve Diaz as sales and pre-sales manager for Europe. He has previously worked for financial institutions such as Salomon Brothers, Credit Lyonnais but also for buy side technology firms such as Bloomberg, Charles River Development and Odyssey financial technologies. As a key member…
US on Course for SEC Mandated Crackdown on Ratings Agencies
Following the discussions earlier this year by US Congress to overhaul the beleaguered credit ratings agency business, this week the US Treasury released proposals aimed at reducing conflicts of interest within these agencies. The idea to change their fee structures was first tabled in April during a Securities and Exchange Commission (SEC) roundtable and these…
Buy Side Participation for ICE Trust to be Enabled in October
IntercontinentalExchange (ICE), an operator of regulated global futures exchanges, clearing houses and OTC markets, has developed a solution that provides segregation of customer funds and positions in credit default swap (CDS) clearing. The solution, which will enable buy side participation in CDS clearing, is expected to be introduced in October 2009, subject to regulatory approval….
Interactive Data Reports 4.6% Revenue Increase for Reference Data Biz in Q2 2009
Despite the difficult economic environment, Interactive Data Corporation’s Pricing and Reference Data has experienced revenue growth of 4.6% in the second quarter of this year compared to last year’s figures. This is in contrast to a decrease for the vendor’s overall financial results for the second quarter ended 30 June 2009, US$185.0 million compared with…
As BClear Bows Out, Clearnet Steps into the Ring for CDS CCP Round One
European regulators have for months been championing the launch of a European-based clearing central counterparty (CCP) for the credit default swap (CDS) market and it seems their prayers may have been answered in the form of Paris-based Clearnet. The joint venture between Liffe and LCH.Clearnet has taken over the mantle of viable CCP contender, following…
Xignite Talks up Low Cost Approach to Corporate Actions Data
Although Xignite is best known in the market data world, last month it stepped into the world of reference data with the launch of its XigniteCorporateActions service. Joel York, chief marketing officer, and Chas Cooper, director of product marketing, speak to Reference Data Review about their proposition to provide low cost access to vital corporate…
GoldenSource’s Vanlint Discusses Kedrios Partnership for Italian Market
This month, EDM vendor signed a partnership agreement with SIA-SSB Group’s outsourcing subsidiary Kedrios to launch a new hosted data management service for the Italian market: Kedrios Data Management (KDM). Neill Vanlint, managing director of EMEA for GoldenSource, explains the details to Reference Data Review. The two vendors have been in discussions for over a…