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Data Management Still Not on C-Level Radar, Says EDM Council
Although data’s importance to a business is understood at an abstract level, it is not on the strategic radar of the executive management of most firms, according to a recent report by the EDM Council. The report, Finger on the Pulse of Enterprise Data Management, is based on direct qualitative interviews with the heads of…
Interactive Data Names Wolf CTO and Dirks Managed Solutions Head
Interactive Data Corporation has appointed Stephan Wolf, formerly chairman of the executive board of Interactive Data Managed Solutions, as its first company chief technology officer. Carsten Dirks, formerly chief sales officer at its market data division, will succeed Wolf in leading the Interactive Data Managed Solutions business as managing director and chairman of the executive…
FactSet Completes Acquisition of Thomson Fundamentals Database
Following the announcement of its intention to acquire a copy of the Thomson Fundamental database in April this year, financial information and analytical applications vendor FactSet Research Systems has announced the completion of the deal. The vendor paid cash consideration of US$63 million for a copy of the database and related assets, daily database updates…
Interactive Data’s Pricing and Reference Data Business Boosts Second Quarter Results
According to Interactive Data’s second quarter results, which were released yesterday, the vendor experienced an increase in revenue of 9.5% and an increase in net income of 15.1% for the period ending 30 June. The growth in North America and Europe over the second quarter is largely attributed to the performance of its pricing and…
Counterparty Data Has Become a Driver for Growth, Says A-Team Group, GoldenSource and CounterpartyLink
Senior managers have finally got a handle on counterparty data’s importance with regards to risk and entity exposure and they are now attempting to leverage it as an asset to fuel growth, according to recent research carried out by A-Team Group and sponsored by GoldenSource and CounterpartyLink. The research, entitled Counterparty Data Emerges as a…
Microsoft Acquires Data Quality Software Vendor Zoomix
Microsoft has signed an agreement to purchase Israeli start-up and enterprise data management vendor Zoomix, which was founded in 1999. According to Microsoft, the acquisition will allow it to provide customers with a data quality solution and further enhance its plans to make the SQL Server a “complete data platform for all data management needs”….
Know Your Counterparty: The Importance of Centralised, Quality Counterparty Data
By Rick Enfield, product business owner at Asset Control The rise of alternative investment classes and derivative products corresponds with an increase in the number of counterparties financial institutions are dealing with today. While financial institutions have kept a close watch on systemic and operational risk factors, additional levels of investment complexity, coupled with a…
FOW Tradedata Launches MiFID Compliant Futures and Options Symbology
Originally appeared in MiFID Monitor Futures and options reference data vendor FOW Tradedata has added symbology for prescribed European futures and options markets under MiFID’s mandatory transaction reporting requirements to its Xymbology service of Alternative Instrument Identification (AII). Gregg Whitbread, product manager for Xymbology, explains: “It was a natural extension of FOW Tradedata’s service offering…
SIS SegaInterSettle Releases Plans to Further Automate Corporate Actions
SIS SegaInterSettle has released plans automate the messages it receives from issuers and to introduce a record date for corporate actions in the Swiss market by November next year. The plans are part of a wider project launched by Swiss Financial Market Services (SFMS) to promote automation in the domestic securities industry. The Swiss CSD’s…
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…