A-Team Insight Blogs The latest content from across the platform
As Sale of Corporate Actions Specialist Xcitek Looks Likely Once More, Speculation Mounts as to Buyer
Speculation that a sale of US-based corporate actions software and data vendor Xcitek could be imminent is mounting. The provider has been rumoured to have been seeking a buyer for some time, with talk of a sale reaching a peak around October last year. Activity seemed to have slowed in the early part of 2007,…
Lewtan Technologies Signs DBRS to ABSNet
Credit rating agency Dominion Bond Rating Service (DBRS) is to use Lewtan Technologies’ ABSNet and ABSNet Cash Flows services to help strengthen its presence in the European structured finance market. “ABSNet Cash Flows gives us the ability to accurately model the asset cash flows and note payment rules, which allows us to test each tranche…
Xcitek Completes Swift Testing For Corporate Actions
Xcitek has successfully completed testing of ISO messages submitted by its flagship software, XSP, to Swift’s Corporate Actions Test and Certification Proof of Concept (POC) programme. In an effort to improve the quality of FIN Corporate Actions messages and overall STP, the Swift POC tested the validity of ISO messages submitted by participants to comply…
Telekurs Financial Bridges the Gap between Europe and Asia
Telekurs Financial has signed a cooperation agreement with Telenet Systems of Dubai to service clients in the Arabic-speaking markets in the MENA (Middle East & North Africa) regions. Up to now, clients in the MENA region were covered by a number of different Telekurs subsidiaries. Under the terms of the agreement with Telekurs Financial, Telenet…
Goal Acquires Securities Class Actions Specialist Magenta One
Global Operations and Administration Limited (GOAL), a provider of tax reclamation services, has completed the acquisition of Magenta One, a securities class actions specialist. As a wholly owned subsidiary of GOAL, the business will trade under the new name of Magenta One Global Limited, operating out of GOAL’s headquarters in the City of London. David…
Financial Tradeware Appoints CIG Business Partner for North America
Financial Tradeware has partnered with New York-based Computer Intelligence Group (CIG) to bring its solutions to the North American and Caribbean regions. Under the terms of the agreement CIG, an IT consulting and services company that also recently partnered with reference data specialist AIM Software (Reference Data Review, January 2007), will market, install and support…
IntellectSpace Releases FN Knowledge Mapping
IntellectSpace has introduced IntellectSpace FN Knowledge Mapping, a solution for investment banks and private equity firms that automatically discovers, analyzes, and visually maps key relationships among companies and people. IntellectSpace FN is an engine that draws on the SEC disclosures and corporate announcements to graphically represent the underlying relationships that can reveal both risk and…
ING Investment Management Builds MS-Based Ref Data System
ING Investment Management Americas, the US investment arm of ING Group, has used Microsoft technology to implement a database to help its employees manage, access and analyse investment data from a range of data sources. Using Microsoft Windows Server System products including SQL Server 2005, .Net Framework 2.0 and ASP.Net, ING has created the Relative…
The maxim of pragmatism
The great thing about standards is – as the old adage has it – there are so many of them to choose from. And yet, there never seem to be enough. Last month we charted the industry’s ongoing frustration at the lack of a standard international business entity identifier which, in the view of some,…
DTCC Develops XML Format For Corporate Actions Data
DTCC is working to create a new XML based format for delivery of corporate actions announcement information via its Global Corporate Action Validation Service (GCA VS), scheduled for roll-out in early 2008. DTCC currently provides data in its own proprietary format and in ISO 15022. The inadequacy of the 15022 format for its purposes is…