A-Team Insight Blogs The latest content from across the platform
Introduction of BEI Beyond Industry’s Level of Maturity, Research Warns
Regardless of an understanding of the benefits of introducing a standard business entity identifier (BEI), the industry is as yet unconvinced that the cost of its introduction is justifiable. That is the message that the EDM Council, consultancy firm Bearingpoint and Swift heard loud and clear during interviews conducted with 15 international financial institutions as…
DIFC’s DClear Releases Plans for Reference Data Utility
DClear, the wholly owned subsidiary of the investment arm of the Dubai International Financial Centre (DIFC), has released plans for a reference data utility for the global financial market. The aim of the project is to provide a shared copy of reference data among financial market participants on both the buy and sell sides. It…
BancorpSouth Bank Goes Live with OTC Val’s Derivative Valuation Service
BancorpSouth Bank, a US-based commercial bank, has gone live with OTC Valuation’s derivative valuation service as part of its drive to improve its audit and valuation capabilities. The vendor has reported a good start to the year in terms of client interest as a result of the post-credit crunch market focus on external sources of…
EDM Council Releases Details of Semantic Repository Project
The EDM Council has released a report concerning its plans for a new online semantic repository, which will identify all data attribute terms and definitions used by financial institutions for business processing, investment decisions, scenario modelling, risk management and portfolio valuation. The initial draft of the repository is due to be released at the end…
Markit Adds License for RED for Smaller Firms
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) aimed at smaller buy side firms. Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain access to…
Markit Appoints Charles Longden
Markit has appointed Charles Longden as managing director in Fixed Income and Credit. Longden joins Markit from ABN AMRO where he worked for 12 years, most recently as global head of credit trading and eco-markets. He was the chief architect of the iBoxx CDS Notes, the forerunner of the iTraxx CDS indices which Markit now…
LakeFront Data Ventures and ReferenceDataFactory merge to form LakeFrontData
Data management consultancy LakeFront Data Ventures (LDV) and data integration vendor ReferenceDataFactory (RDF) have merged to form EDM specialist firm LakeFrontData. LDV founder and former SunGard EDM man Dale Richards has become president and CEO of the new company and fellow colleagues and ex-SunGard veterans Marc Odho and Rob Ord have been appointed head of…
Telekurs Financial Implements IBEI Codes
Broadening the adoption of a standard identifier for business entities, Telekurs Financial has implemented the International Business Entity Identifier (IBEI) codes for its Valordata Feed (VDF) and its financial display Telekurs iD. The vendor has been working on this implementation since June 2007 in order to allow European customers to identify participants in the processing…
SEC’s Cox to provide guidelines for adoption of XBRL
Christopher Cox, the Securities and Exchange Commission (SEC) chairman, is expected to release recommendations this week about how US companies can adopt extensible business reporting language (XBRL) for their financial reporting. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag…
Interactive Data Launches Class Actions Service in ISO 15022 Format
Interactive Data has launched its class actions service mapped to the ISO 15022 format as an optional module of FTS, Interactive Data’s securities administration tool. The service is part of the vendor’s Pricing and Reference Data business and is designed to help institutions track, monitor and recover funds resulting from securities class action litigation The…