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Swift Admits CIVIC Plans “Under Review”, as Observers Suggest Business Case Proving Difficult
As Reference Data Review went to press, it emerged that Swift could be having second thoughts about pressing ahead with previously-announced plans to allocate BIC-like codes to funds – dubbed CIVICs (Reference Data Review first brought to light Swift’s CIVIC plans as far back as September 2006). In light of the failure of the ISO…
Interactive Data Provides Daily Evaluations for GNMA Serial Notes
Interactive Data Corporation’s Pricing and Reference Data business has begun providing daily evaluations for Government National Mortgage Association (GNMA) Serial Notes backed by 100 per cent Puerto Rico collateral, based on its experience in producing evaluations for global fixed income instruments. Interactive Data will initially provide evaluations for nearly 37,000 Serial Notes, and plans to…
Always look on the bright side of life…
2008 will be the year when we see how serious firms are about reference data. This is a phrase I’ve borrowed from a leading industry observer because I think it aptly sums up the general thinking of those involved in reference data as the new year kicks off. Without wishing to be unnecessarily gloomy, the…
Desjardins Cleans Up Entity Data, Deploys SunGard Adaptiv Credit Risk
Desjardins Group has signed a three-year deal with CounterpartyLink for the provision of legal entity data as part of a larger counterparty and issuer risk project that will also see Desjardins – the biggest co-operative financial group in Canada – implement SunGard Adaptiv Credit Risk. CounterpartyLink’s data will first be used by Desjardins to ensure…
ICMA Ltd Renames, Builds Warehouse To Support New Information Services
Under its new name and governance, Xtrakter – the market services division of the International Capital Market Assocation (ICMA), formerly known as ICMA Limited – is targeting a higher profile as a data vendor. Xtrakter is gearing up to unleash a raft of new fixed income pricing and reference data products, and believes its legal…
Buy Buy Buy
There was quite a bit of M&A activity last week. Oracle and BEA for $8.5 billion (we’ll have to see whether that’s good news for BEA’s Weblogic Event Server), Sun Microsystems and MySQL for a billion, and NYSE-Euronext snapping up Wombat Financial Software for $200 million. For Wombat – headquartered in Nevada’s Incline Village where…
Tony Kirby Trades in Accenture for Ernst & Young
Tony Kirby has left Accenture – which he joined to work in its data management and managed reference data services business, but where he ultimately spearheaded much of the consultancy’s MiFID work – to join Ernst & Young as head of regulation and compliance.
Laura Martinez of XSP Elected Vendor Co-Chair of ISITC Corporate Actions Working Group
XSP’s Laura Martinez, principal product manager, has been elected as vendor co-chair of the ISITC Corporate Actions Working Group. In this position, Martinez will collaborate with the group’s co-chairs and members to review ISO 15022 standards and direct enhancements to message content that promote STP for corporate actions. Martinez has been an active participant of…
Catherine Downhill Joins Fitch Ratings’ Global Business Development Team
Fitch Ratings has appointed Catherine Downhill as commercial director for Fitch’s Valuspread and Market Implied Ratings services. She joined Fitch on Monday December 10 and reports to Thomas Aubrey, managing director in Fitch’s Global Business Development team, London. Prior to joining Fitch, Downhill was most recently business manager for equity and fixed income evaluated pricing…
Omgeo Hires Matthew Nelson, Fritz McCormick to Research New Areas of Growth
Omgeo, the Thomson Financial/DTCC-owned provider of post-trade, pre-settlement services, has hired Fritz McCormick as data business director and Matthew Nelson as director, market intelligence. McCormick comes from GoldenSource where he was vice president of business development and alliances, and prior to that he worked at analyst Celent. Nelson comes from analyst TowerGroup, and counts a…