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Asset Control Appoints John Mitchell to Lead North American Sales

Asset Control has appointed John Mitchell as North American sales director based in New York. In his new role Mitchell will be responsible for generating new business and expanding Asset Control’s regional presence for its centralised reference and financial data management solution for financial institutions. Prior to joining Asset Control, Mitchell was vice president of…

FISD Releases MDDL Open Source Licence

The Financial Information Services Division of the Software and Information Industry Association (FISD) has released a new MDDL 3.0 Open Source licence for the financial information industry. MDDL, or Market Data Definition Language, is an open industry standard XML dialect for securities market data. The announcement of the new licence aims to remove possible ambiguity…

DataSynapse, Informatica Partner on Joint Solution

DataSynapse and Informatica have released a joint solution which combines the DataSynapse FabricServer software with the Informatica PowerCenter software to create what is described as an agile, scalable and manageable data integration environment for global corporations. DataSynapse will also begin reselling Informatica’s PowerCenter Enterprise Grid Option.

Netik Targets Service Model with Capco Reference Data Services Buy, Symphony as New Majority Investor

Data warehouse provider Netik has completed a buyout of its business from The Bank of New York Mellon Corporation and simultaneously acquired Capco Reference Data Services (CRDS) from Capco. Netik is now pursuing a vision of transforming from a purely software business into a software and service business, bringing together the CRDS capability to scrub…

Reuters Aims to Price 100 Per Cent of Customers’ Derivatives Holdings

Reuters’ recently announced service for delivering bespoke valuations for derivatives and complex securities formalises an activity the vendor has been testing for a couple of years, and reflects a recognition that firms increasingly want to offload the valuations burden on to a third party. Reuters has been providing bespoke evaluations to some clients for two…

Avox, GoldenSource Forge Strategic Alliance

Avox, the business entity data specialist, and GoldenSource, provider of enterprise data management solutions, have entered a strategic partnership that they say will allow firms to utilise fully verified and ‘’stress-tested’’ business entity data across their entire organisations. Mutual clients will now be able to easily integrate the Avox business entity data service with the…

Enterprise Data Management Top Core Technology Implementation Project for 2008, Aite Says

A new report from Aite Group that examines IT spending by capital markets firms says operational efficiency remains the top priority for the year among technology executives allocating budgets for IT initiatives. While risk management, systems integration, back office settlement and front office workstations will be the top systems priorities, enterprise data management projects will…

Exchange Data International Adds Structured Products to Worldwide Corporate Action Service

Exchange Data International (EDI), specialist in the aggregation of reference and corporate actions data, has integrated structured products into its Worldwide Corporate Actions database. This is the latest addition made by EDI to its services since electing to go head to head with London Stock Exchange by sourcing its own corporate actions data. Jonathan Bloch,…

LakeFront Data Ventures Adds Ian Mathers as Associate Partner

LakeFront Data Ventures (LDV) says Ian Mathers has joined the LDV Data Management Partner Program as a LakeFront associate partner. He will be concentrating his efforts on project management and implementation and process engineering and improvement. Mathers was most recently with Royal Bank of Canada as a senior IT/data partner in Credit Risk, Ops Risk…

Vaerdipapircentralen (VP) Transfers Nordic Clients to Telekurs Financial

Telekurs Financial has signed an agreement with Vaerdipapircentralen (VP), Denmark’s Central Security Administration, to take on the clients of VP Financial Information products in the Nordic markets. VP has so far acted as a partner of Telekurs Financial in the Nordic markets. This will now be handled by Telekurs-owned SIX AB. Since 2002, Vaerdipapircentralen (VP)…