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Dealogic Selects CounterpartyLink to Provide Legal Entity Data for Next 3 Years
Workflow and analytics solution provider Dealogic has selected CounterpartyLink to provide it with legal entity data in order to ensure that the vendor and its clients have access to a single and unique view of each legal entity that is being processed between the parties. The vendor opted to sign the three year agreement with…
Two Unnamed Banks Sign up for UnaVista’s Trading Data and Sedol Masterfile Capabilities
Two unnamed banks have signed up this month for access to the London Stock Exchange’s upgraded web-based matching reconciliation and data integration service, UnaVista. One bank has opted to used the service for suspicious trading activity monitoring, whereas the other is looking to LSE’s Sedol Masterfile for securities reference data checking. The service, which was…
RiskVal Integrates Markit Pricing and Reference Data into Credit-X
Fixed income trading and risk management system vendor RiskVal has integrated Markit’s industry standard pricing and reference data into its Credit-X trading platform. Jordan Hu, CEO of RiskVal, explains that the integration of Markit’s data onto the platform is aimed at simplifying the investment management process for credit instruments. The alliance is aimed at creating…
Financial InterGroup Advisors Calls for Establishment of Central Counterparty for Data Management
The lack of a standardised source for reference data is at the heart of the problems surrounding European clearing and settlement, according to strategic advisory firm Financial InterGroup. The comments come in response to the request by the Committee of European Securities Regulators (CESR) to provide feedback on its consultation paper on recommendations for securities…
Regulation and Risk Will Force Banks and Hedge Funds to Tighten EDM Controls, Says Tabb Group
Current market conditions and the threat of impending regulatory changes will force banks and hedge funds to revise their enterprise data management (EDM) strategies to improve transparency, according to recent research from analyst firm Tabb Group. Adam Sussman, director of research at the firm and author of the report, reckons requirements for better risk management…
An Enterprise Pricing Policy is Needed for the Valuation of Complex Products, Says Numerix and CMA
Financial institutions must develop internal support for complex products with the implementation of an “enterprise pricing policy”, according to a recent report by Numerix and CME Group-owned Credit Market Analysis (CMA). The report discusses the importance of consistent pricing policies for the accurate valuation of complex derivatives and structured products and outlines the implementation process…
Trillium Software and Syncsort Team Up for Data Quality Enhancements to DMExpress
Data quality solution vendor Trillium Software and data integration, protection and sorting software vendor Syncsort have designed a software-based application connector that links the two vendors’ offerings together. The connector therefore links the Trillium Software System data quality product with DMExpress, Syncsort’s data integration and extract, transform and load (ETL) solution. The partnership agreement is…
Majority of RDR Readers Facing Decreased Data Management Budgets for This Year
The majority of Reference Data Review readers will have to do more with less this year in terms of budget for their data management projects, according to the results of our latest reader poll. The respondents to our January poll indicate that 62% of readers are facing cuts to their budgets for 2009. The financial…
Kanji Pitamber Selects GFI Fenics FX for Pricing and Risk Management
Indian financial services group Kanji Pitamber & Co has selected GFI Fenics FX, a pricing and risk management system for foreign exchange options from GFI Group, for use in its Mumbai head office. According to head of currency options at Kanji Pitamber, Unnati Parekh, the firm licensed the system, which covers pricing and analytics, in…
Capita Financial Group Selects Interactive Data for Pricing and Reference Data
Outsourcing service provider Capita Financial Group has selected Interactive Data to become its primary data vendor for pricing and reference data. Karl Midl, programme director at Capita Financial Group, which is a subsidiary of Capita Group, indicates that the data feed has already gone live for data including corporate actions and income data. Midl explains…