TradingTech Insight Blogs The latest content from across the platform
MIS Offers Case Management Tool Based on Cicada Technology
Cicada’s Profiler Solutions division is deploying components of its Profiler customer due diligence/KYC software to develop a case management tool for McDonald Information Service (MIS), provider of information on the reliability of retail and institutional accounts to more than 4000 financial institutions worldwide. The tool, called MIS CM, will be provided as an ASP in…
DPC Data Supports Perfect Information’s US Business
Perfect Information and DPC Data have formed a partnership to provide enhanced support and services for Perfect Information customers in the US via DPC’s data-related outsourcing services, following a soft launch of its Perfect Search product. Perfect Information, provider of corporate data for investors tracking equity and bond information, as well as corporate updates, is…
The Dynamics of Change By Gert Raeves, vice president, business solutions at GoldenSource
Change is like the common cold – there is a lot of it about. The interesting question is not if we are in a period of change: everything is always changing, in the same way that everyone is always busy –the constancy of change is a particularly tired cliché of business life. The better question…
Bank of New York Adds Valuations for European Swaptions, FX Options and OTC Equity Options
The Bank of New York has expanded its independent valuation service for OTC derivatives to include European swaptions, foreign exchange options and OTC equity options, in addition to the interest rate swaps and credit default swaps already covered. The bank is currently undergoing a merger with Mellon Financial Corporation, which recently announced the availability of…
Northern Trust Offers to Manage Collateral for Investor Clients
Northern Trust has built on its independent valuation service for OTC derivatives to offer a suite of automated collateral management services to help investors manage credit risk. The bank believes its new service strengthens the competitive advantage it gained from being the first asset servicer to contract for collateral management outsourcing with Lombard Risk through…
Standard & Poor’s Adds IVRS OTC Derivatives Valuations
In line with its strategy to extend its valuations offering into the OTC derivatives area, Standard & Poor’s Securities Evaluations (SPSE) has entered into an agreement with Independent Valuation and Risk Services (IVRS) under which the two companies will provide their valuations to each other’s clients. To date, SPSE has provided its asset-backed securities (ABS)/mortgage-backed…
Omgeo Releases Alert Plus For Bulk SSI Upload Capability
Post-trade, pre-settlement trade management services provider Omgeo, the joint venture company of DTCC and Thomson Financial, has released and signed up the first users for Omgeo Alert Plus. This new feature set within the Omgeo Alert web based database for the maintenance and communication of standing settlement and account instructions is designed to give high…
New Head of ICMA Ltd Milne Predicts Data Aggregation Role
As a collector of data, the International Capital Market Association (ICMA) will play an important role in helping the industry deal with the increased reporting requirements, need for greater transparency and greater requirement for accurate data in a post-MiFID/Basel II European marketplace, believes the new managing director of ICMA Ltd, Kevin Milne. The changes to…
Raymond James & Associates Takes DTCC’s Scrubbed CA Data
Raymond James & Associates has signed up for DTCC’s Global Corporate Action Validation Service (GCA VS), its centralised source of corporate actions announcements for equities and fixed income instruments traded in Europe, Asia-Pacific and the Americas. The firm becomes one of the more than 20 users of GCA VS, which in 2006 provided almost 900,000…
Trio of Ex-SunGard Data Experts Offers EDM Consulting
In a reunion of ex-SunGard executives, data veterans Marc Odho and Rob Ord have joined Dale Richards to launch the LakeFront Data Ventures (LDV) Consulting Group. Richards is CEO of the company, which he says is already engaged in enterprise data management assignments in both the vendor and client spaces. Odho and Ord, made redundant…