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The leading knowledge platform for the financial technology industry

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Basel Concerns Boost Risk Budgets

One-third of U.S. risk management professionals surveyed by industry association PRMIA have seen their IT budgets increased and plan to install new software to support the forthcoming Basel II capital requirements. Over 2,000 U.S. PRMIA members were asked for their thoughts on various standards in the risk management profession. The results showed a pre-occupation with…

Desmond Backs PaceMetrics with Increased Stake

PaceMetrics, which earlier this year signed a global distribution deal for its software with Moneyline Telerate, has had a further investment from its principal backer IIU, which has increased its holding in the company. IIU is the Dublin-based investment vehicle of Irish financier Dermot Desmond. It already has a portfolio of strategic holdings in technology…

EDI and Goal Team for Trade Cycle Tax Solution

Reference data provider Exchange Data International has entered into a strategic alliance with Goal Group, which develops systems handling the taxation elements of the securities processing cycle. Goal’s offering, GTRS, automates the process of reclaiming cross-border withholding tax on securities investment income, such as dividends, supported by EDI’s international securities administration data. Custodian banks reclaim…

ISIPS Reflects Increased Industry Focus on Reference Data, A-Team Consulting Partners With Matrix Services.

We at Reference Data Review enjoyed our trip to this year’s ISIPS – the International Securities Industry Practitioners Symposium – event organised by STP Information Services in London. Reflecting the increased industry focus on reference data, the entire first day of the two-day event was given over to this very subject. Judging by the turnout,…

Reuters’ Restrictions on RIC Codes Relaxed in Bid for Widespread Standards Adoption

The decision by Reuters to license the use of its proprietary Reuters Instrument Codes (RICs) has drawn cautious welcomes from most involved in the reference data industry. But some question whether the contractual restrictions that Reuters hopes to enforce on the use of the codes will can be reconciled with their general adoption. The vendor,…

Fame Delivers Reference Data Engine On IBM And Linux

Fame Information Services is to implement its historical and reference data engine on the IBM’s AIX and Linux for zSeries operating systems as a result of a partnership with the computer giant. Joan Meltzer, IBM’s director, solutions marketing enterprise servers, says that products like Fame provide real performance improvement along with overall cost savings. “Customers…

Survey Finds Perception Gap On Data Quality

Roughly 40 per cent of corporate managers expect growth in the size and budget of their internal market data groups, but data management outsourcing is under consideration at a minority of firms according to a survey commissioned by data management specialist Iverson Financial Systems. The survey also identified a difference between users’ and vendors’ perceptions….

COR Acquires STP Firm One-Ten

London-based COR Financial Solutions, a developer of banking, securities and asset management software, has acquired international STP software firm One-Ten as part of its acquisition-fuelled growth plan. One-Ten’s products include the Salerio e2e STP solution, which it says is used by 25 asset management and outsourcing firms including Capital International and Crédit Lyonnais Asset Management….

Isis Settles On DST For Data Loading And More…

ISIS Asset Management has expanding the use of DST International’s products throughout its entire fund management operation, including the HiData data management solution as well as the related HiInvest front office system, HiMessaging STP and HiPortfolio back office solution, which will be used to support its outsourcing services for Friends Provident. ISIS worked with DST…

Events Register Reference Data on The Barometer Of Industry Concerns

For many involved in the financial technology industry, the arrival of the DWT Show is like the hearing the first cuckoo, a sign that Spring is in the air. It’s been an age since the Christmas party season, and DWT is perfectly timed for getting out and meeting colleagues in both the formal parts of…