A-Team Insight Blogs The latest content from across the platform
Netik Close to Three Deals for Packaged Data Model
Netik is in the final phase of due diligence with three organizations for Netik Data Model Plus, a packaged-up version of the data model on which its Netik InterView data warehouse is based. The new product is aimed at large investment managers and asset servicers that have decided to build their own data warehouses –…
Worried About IBEI and MiFID? Don’t Be… By Georg Eisel, Managing Director, WM Datenservice
As markets coalesce across systems and nations, the financial industry is faced with a new challenge. Thanks to new information technology, products and services are more integrated than ever. EU legislation, such as Basel II, the Transparency Directive and MiFID, is on the increase. It is now incumbent upon the financial industry to come to…
Universal Business Entity Identification: An Impossible Dream? By Ken Price, CEO, Avox
A unique, international business entity identifier (IBEI). What’s so hard about that? We send shuttles into space, perform heart transplants and generate nuclear power. Why do we have such a hard time agreeing on the identity of a mining company in Johannesburg, a drug company headquartered in Basel or a hedge fund in the Cayman…
Swift Gears Up for CIVICs, Nears Selection of Data Partners
As it evaluates third party database solutions and prepares to select a partner or partners to bolster its data gathering and validation capabilities, bank-owned messaging services provider Swift is making progress towards the creation of a directory of collective investment vehicle identification codes (CIVICs) based on the bank identifier code (BIC). However it is resolute…
Telekurs Specifies Reference Data Changes for MiFID Compliance
Telekurs Financial has released further details of the reference data it is adding to its Valordata Feed (VDF) to help its clients comply with MiFID. These details add flesh to the bones of the announcement the vendor made late last year of its plans to address the data requirements of MiFID (Reference Data Review, November…
Firms Shy From Cost of Migration To New Ref Data Codes for MiFID
The Committee of European Securities Regulators (CESR) has published the responses to its public consultation on the use of reference data standard codes in transaction reporting under MiFID. By press time however CESR had not published its final decisions on the codes to be used, so it is as yet unclear whether the responses will…
KLP Implements GAIN Platform For Multi-Data Feed Processing
Norwegian insurance and financial services provider KLP Kapitalforvaltning is using the GAIN platform from Austria’s AIM Software for the integration of data from vendors including Reuters (DataScope) and Bloomberg (Per Security) into its core SimCorp system, after a two-week implementation. According to Frank Maltais, head of pre-sales at AIM Software, KLP contacted the vendor last…
Quintillion Chooses Markit for OTC Derivatives Valuations
Dublin-based fund administrator Quintillion, founded in 2006, has partnered with Markit for OTC derivatives valuation provision. Quintillion runs its fund administration business on front and middle office technology from Paladyne and the Advent Geneva accounting system. Tim Barker, executive vice president and head of valuations at Markit, says this relationship will broaden the vendor’s reach…
Bloomberg Should Succeed in Evals Business, TowerGroup Says
Bloomberg is likely to enter the evaluations business this year, and when it does make a proper attempt on the market, will probably have “reasonable” success. This is the view of TowerGroup analyst Matt Nelson, who presented the findings of the analyst’s recent report on the providers of evaluated pricing at the recent Technology Solutions…
Euroclear Builds ISO 20022 CA Messages for Issuer to CSD Leg
Euroclear is building a set of ISO 20022 corporate actions messages for issuer to CSD communication, as part of its move to a single platform across all its markets and the implementation of its new Common Communications Interface. The new messages will replace existing proprietary electronic communication between issuers or issuers’ agents and the CSDs…