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Netik and Advent Integrate GSM with Geneva
Netik has signed a partnership agreement with Advent Software to integrate Advent’s portfolio management and fund accounting solution, Geneva, with its data service solution and utility for reference and market data, Netik Global Securities Master (GSM). According to both vendors, the combined solution is aimed at providing hedge funds, prime brokers and fund administrators with…
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…
US REIT Signs up for Asset Control’s Tapmaster
An as yet unnamed US real estate investment trust (REIT) has picked Asset Control’s data management product Tapmaster to help to track its exposures and deal with the risks posed by underlying assets in the wake of last year’s subprime crisis. According to Rick Enfield, who joined Asset Control last year as the product business…
Merrill Lynch Declares Losses, Confirms Sale of Bloomberg Shares for US$4.43bn
Wall Street investment bank Merrill Lynch yesterday confirmed a US$4.65 billion loss during its second quarter, bringing the total losses over the last year to US$19 billion. CEO John Thain also confirmed that the bank has sold its 20% stake in Bloomberg back to the financial news and data provider for US$4.43 billion, in order…
CB.Net Signs Agreement with Swift to Re-distribute BICs
CB.Net has signed an agreement to become a licensed re-distributor of Bank Identifier Codes (BICs) issued by Swift. The agreement will allow CB.Net to integrate BIC data into its flagship product and directory of international payments reference data, the BankSearchPlus database. Ian Dunning, managing director of CB.Net, comments: “It will greatly enhance the ease of…
SmartCo Partners with Thomson Reuters for Datascope Select Connector
SmartCo Software has signed a partnership agreement with Thomson Reuters to connect its new centralised EDM solution, Smart Financial Data Hub (SFDH), to Thomson Reuters’ Datascope Select. According to SmartCo, the centralised EDM solution allows the acquisition, centralisation, validation and distribution of all enterprise data including securities, third parties, index, benchmarks, funds, mandates, positions and…
SmartStream Names Mason UK Director, As Cummings Moves to APAC
SmartStream Technologies has appointed John Mason as UK regional director to replace Richard Cummings as he moves to head the firm’s Asia Pacific operations. Mason, who joined SmartStream six years ago and has spent the last 18 months leading the UK operation, will be based at SmartStream’s new regional headquarters in Singapore. Prior to working…
Moody’s Investors Service Appoints Kimball Interim Structured Finance Head
Moody’s Investors Service has announced the appointment of Andrew Kimball as the acting head of its global Structured Finance business, following the departure of Noel Kirnon at the end of this month. According to Moody’s, a search for a permanent head of the division is underway. In the interim period, Richard Cantor will assume acting…
Pictet & Cie Picks Interactive Data for Wider Data on Bond Evaluations
Swiss private bank and asset manager Pictet & Cie has selected Interactive Data’s pricing and reference data business to provide bond evaluations. Brendan Beith, sales director, Interactive Data (Europe), believes that by leveraging relationships with the buy side, electronic trading platforms, and essentially major market makers, it has access to a unique flow of market…
PolarLake Goes Modular with Standalone Reconciliation Solution that Fixes Poor Downstream Data Problems
Provider of reference data distribution products PolarLake has launched a standalone reference data reconciliation solution aimed at fixing the problem of poor reference data quality in downstream systems. The vendor has created the solution as part of plans to develop modular solutions for the market and extend its client reach. According to PolarLake, the new…