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EDI Avoids LSE Policy Change By Generating UK CA Data Itself
Data vendor Exchange Data International (EDI) is to compete head to head with the London Stock Exchange on UK corporate actions data, in a move it positions as being a direct response to recent data pricing and distribution policy changes by the LSE. EDI has been a vocal critic of the changes affecting LSE’s corporate…
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,…
DSTi Names Tom Abraham as its New Chief Executive Officer
DST International (DSTi), provider of solutions for investment managers including a data warehouse offering that competes with products from Netik and Eagle, has hired Tom Abraham as its new chief executive officer, replacing Mike Winn, who will retire after 15 years with the organisation in spring 2007. Abraham most recently directed the strategic solutions –…
GoldenSource Hires Greg Stockett as Chief Financial Officer
GoldenSource has appointed Greg Stockett, most recently the CFO of GlobeOp Financial Services, as its chief financial officer, replacing its outgoing CFO Harpreet Grewal.
CB.Net Appoints Tim Boyce Chairman
Payments reference data specialist CB.Net has appointed Tim Boyce, formerly a non-executive director, chairman, to support its international growth. CB.Net’s former chairman Phillip Horsnall remains on the board as a non-executive director.
Accenture Loses Data Outsourcing Leader Bill Cline to Acai Solutions
Bill Cline has left Accenture, where he was managing director, global capital markets industry for North America and Asia-Pacific, and had spearheaded Accenture’s managed reference data service proposition in conjunction with Asset Control. He is now global managing partner at New York City-based management consulting company Acai Solutions. Cline’s departure from Accenture follows the retirement…
JJ Gets Down to “Nitty-Gritty” of “Grimy” Data Business
Reference data projects are “huge, scary and often not perceived as adding measurable value”. To avoid being derailed by the complexity and long payback time of such projects, firms should break the problem down into manageable chunks and accept that great value can be added to the business by addressing just part of the problem,…
IT Complexity, Budget, ROI Key Challenges for EDM Projects
Confirmation that understanding of the importance of enterprise data management is growing among C-level executives comes this month in a new report commissioned by GoldenSource. According to the report, based on 17 interviews with CTOs and CIOs within financial services firms in North America and Europe, 47 per cent of respondents say their firms have…
Schroders Takes Citadel’s CADIS For Pricing and Analytics
Global asset manager Schroders plc is implementing Citadel Associates’ CADIS data management system for pricing and analytics. Schroders is the fourth investment manager to take CADIS in recent months, with others including AMVESCAP and the Canada Pension Plan Investment Board (Reference Data Review, November 2006). Robin Strong, Citadel’s head of sales and marketing for EMEA,…
Financial Tradeware Facilitates GlobeTax’s StatRate Via Swiftnet
Financial Tradeware and tax reclamation specialist GlobeTax have formed a partnership to provide GlobeTax’s StatRate, an automatic data feed which provides financial institutions with market by market statutory withholding tax rate data (Reference Data Review, September 2006), via Swiftnet FileAct. GlobeTax created its StatRate service based on Swiftnet FileAct to deliver daily file based tax…