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EDM is Still Relevant But DDM is Rising in Importance, Say RDR Readers
Enterprise data management (EDM) is still a relevant concept to the financial market, according to Reference Data Review’s April reader poll. However, distributed data management (DDM) is rising in importance, likely as a result of the downward pressure on costs caused by the tough economic climate and the growth of electronic trading. According to 56%…
DSTi Appoints Zhu in Shanghai as Head of Market Strategy for China
DST International (DSTi) has appointed Zhu Li Tao as its new head of market strategy for China. He will be based in Shanghai and will be responsible for the greater China market, which includes China, Hong Kong and Taiwan. According to the vendor, his role will be to work closely with key market participants, regulators…
Omgeo’s Matthews Talks up Data and Risk Management for 2009
Post-trade specialist Omgeo is set to get even more involved in the area of data and risk management this year, according to Steve Matthews, Omgeo’s director of product strategy. To this end, the firm has recently appointed three new executives to focus on the area of data management, especially with regards to its web-based global…
Financial InterGroup’s Grody Publishes Two New Papers on Data and Risk
Allan Grody, president of strategic advisory firm Financial InterGroup Advisors, has published two new papers aimed at shedding some light on the areas of risk management and data in the current market environment. The first paper, Infrastructure Issues in the Financial Services Industry: A Case for a Central Counterparty for Data Management, explores the potential…
Quasar Capital Management Opts for Imagine’s Derivatives.com
Paris-based Quasar Capital Management had selected Imagine Software’s Derivatives.com service for use with the firm’s new hedge fund. The firm, which has been using software from Imagine since the launch of its Orion fund last December, will use Derivatives.com for risk and portfolio management. Jerome Barraquand, co-founder of Quasar, explains: “Our flagship Orion fund uses…
Avox and Cusip Global Services Launch New 10 Character Business Entity Identifier Code
Avox and Cusip Global Services (CGS), which is managed by Standard & Poor’s on behalf of the American Bankers Association, have joined forces to create a universal identification system for global business entities. Ken Price, CEO of Avox, and Scott Preiss, vice president in the Securities Classifications group at S&P, explain the details of the…
SIX Telekurs Partners with CSV for Complex Securities Pricing
SIX Telekurs has signed a partnership agreement with CSV Incorporated in order to expand its evaluated pricing for illiquid securities with complex structures. The vendor has added CSV as a source of independent, transparent valuations for complex securities to provide its customers with more coverage and greater depth of information, explains Barry Raskin, managing director…
Euroclear Finalises Acquisition of Xtrakter
Following the announcement of its acquisition of Xtrakter in November last year, Euroclear has finally closed the deal. The international central securities depository (ICSD) operator has purchased the International Capital Market Association (ICMA) subsidiary, which operates the Trax trade matching and reporting platform, with a view to creating synergies between Trax and its own OTC…
BISS Research Launches Advisory Service and Training for Corporate Actions Space
BISS Research has launched a new corporate actions advisory service aimed at providing financial services firms and vendors with information and recommendations about investing in the space. Gary Wright, CEO of the firm, says the advice will be based on its benchmarking endeavours and it will also be launching a series of training courses about…
Just in Time: Current Trends in Risk Management Data Supply
By Marc Alvarez, senior director, Reference Data Infrastructure, Interactive Data The global upheaval of the capital markets over the past few years has resulted in a wholesale, industry-wide effort to improve the risk management function. When looked at from the perspective of the data supply chain that services the risk management role, a major shift…