A-Team Insight Blogs The latest content from across the platform
XSP Names Jim Dore Senior Sales Exec for North America
Corporate actions software vendor XSP has appointed Jim Dore as senior sales executive, responsible for managing accounts in North America from its New York office. Dore will report to XSP’s director of sales for North America John Kehoe. Prior to his appointment, he was senior sales executive at Xtiva Financial Systems, a provider of commission…
US REIT Signs up for Asset Control’s Tapmaster
An as yet unnamed US real estate investment trust (REIT) has picked Asset Control’s data management product Tapmaster to help to track its exposures and deal with the risks posed by underlying assets in the wake of last year’s subprime crisis. According to Rick Enfield, who joined Asset Control last year as the product business…
Merrill Lynch Declares Losses, Confirms Sale of Bloomberg Shares for US$4.43bn
Wall Street investment bank Merrill Lynch yesterday confirmed a US$4.65 billion loss during its second quarter, bringing the total losses over the last year to US$19 billion. CEO John Thain also confirmed that the bank has sold its 20% stake in Bloomberg back to the financial news and data provider for US$4.43 billion, in order…
CB.Net Signs Agreement with Swift to Re-distribute BICs
CB.Net has signed an agreement to become a licensed re-distributor of Bank Identifier Codes (BICs) issued by Swift. The agreement will allow CB.Net to integrate BIC data into its flagship product and directory of international payments reference data, the BankSearchPlus database. Ian Dunning, managing director of CB.Net, comments: “It will greatly enhance the ease of…
SmartCo Partners with Thomson Reuters for Datascope Select Connector
SmartCo Software has signed a partnership agreement with Thomson Reuters to connect its new centralised EDM solution, Smart Financial Data Hub (SFDH), to Thomson Reuters’ Datascope Select. According to SmartCo, the centralised EDM solution allows the acquisition, centralisation, validation and distribution of all enterprise data including securities, third parties, index, benchmarks, funds, mandates, positions and…
Aim Software Releases Gain Version 4.1
Aim Software has released a new version of its flagship data management product Gain with extended facilities for golden copy management and new support for Windows Server 2008/Windows Vista. The main drivers behind the upgrade were market and customer requests for new functionalities and to further reduce time to market for customer projects, says Martin…
IBM Data Governance Council Discusses Industry Best Practices for Management of Critical Financial Data
The IBM Data Governance Council, which was set up three years ago by IBM and comprises 50 financial market firms, is currently discussing establishing best practices for the industry on how to manage critical financial data. The council plans to build what it calls an “information governance framework”, which will be based on their existing…
Long Live STP?
This month I received clarification from our readers that despite years of hearing its doom foretold, STP is not yet dead and buried. In fact, it’s a key driver for investment in reference data management solutions, according to more than half of the respondents to Reference Data Review’s recent online readers’ poll. When asked to…
Swift Confirms Plans for BIC in Business Entity Identifier Space
Following months of industry speculation about whether it had dropped the idea altogether, Swift has finally confirmed its plans for the Bank Identifier Code (BIC) in the area of business entity identification. Swift indicated at the start of the year that it was reviewing the business case for introducing an international business entity identifier (IBEI)…
DTCC to Spearhead XBRL and ISO Semantic Interoperability Drive
Following the announcement last month that the Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting, the Depository Trust & Clearing Corporation (DTCC) has released plans to spearhead a campaign for semantic interoperability between XBRL and ISO message types…