TradingTech Insight Blogs The latest content from across the platform
CMA DataVision CDS Prices Available Via Sophis VALUE
Sophis has developed an interface to enable users of its VALUE buy side platform to have direct access to CMA DataVision, CMA’s same day closing credit default swap (CDS) prices. Meanwhile, CMA has announced that its price discovery service CMA QuoteVision can now parse Loan Credit Default Swaps (LCDS) quotes. The LCDS enhancement to CMA…
European Firms to Spend €€30m on CA Data Scrubbing by 2010
Financial institutions in Continental Europe spent some €200 million on internal and external corporate actions solutions in 2006, with 75 per cent of that spend going on inhouse development, according to a recent report from analyst Celent, Corporate Actions Automation in Continental Europe. Celent expects this proportion to decline to 55 per cent by 2010,…
Insight Investment Operations Migrated to Northern Trust
Insight Investment’s operations have been successfully migrated to the Northern Trust platform, for more than 600 portfolios, following the 2005 announcement of their outsourcing partnership. Northern Trust provides Insight with every aspect of post-trade execution support including trade processing and settlement, data management, reconciliation, portfolio recordkeeping, client valuations and reporting and performance measurement and attribution.
EDI Nearly Doubles GlobeTax’s e-TaxData Online Reference Data Product
Exchange Data International Limited (EDI), provider of international securities data, together with GlobeTax, provider of outsourced withholding tax services have announced the scaling up of the online market reference data product e-TaxData Online, adding an additional 71 markets of issue to the existing 91 markets already covered. This launch comes less than a year after…
2007: A good year for EDM?
The good news to kick off the year with is that reference data is getting more important. It is a major component of the recently announced wide-ranging HSBC enterprise data and technology deal we are told. Elsewhere in this issue of Reference Data Review there are further indications of this positive trend: a rock solid…
Microsoft’s MiFID Pitch Touts TAP Among Partner Solutions
Microsoft has set out its MiFID stall, and has identified reference data and client classification as two of the eight MiFID related challenges it wants to help financial institutions address through its initiative to offer “mix and match” MiFID solutions in conjunction with a range of partners. TAP Solutions, provider of the Microsoft based TAPMaster…
Counterparty Data Service a “Very Important Part” Of HSBC’s Global Licence Deal with Reuters
The new counterparty data service from Reuters, slated to go live in the second quarter, has emerged as a key component of the reference data element of the wide-ranging global data and technology infrastructure deal HSBC has signed with the vendor. Reuters describes reference data as “an extremely significant” component of the deal – which…
BoNY/Mellon Merger Brings Rivals Eagle and Netik Under One Roof
The merger of Bank of New York and Mellon Financial Corp. not only creates the world’s largest securities servicing and asset management firm globally, it also brings under one roof two fiercely rival data warehouse providers, Mellon-owned Eagle Investment Systems and Bank of New York-owned Netik, calling into question the future strategy of the firms’…
SunGard Lets Go EDM Experts Odho and Ord, Streamlines FAME
SunGard has made redundant members of the Enterprise Data Management (EDM) group within its Enterprise Solutions Group – Marc Odho and Rob Ord – as well as a small number of people from within the FAME business unit as part of a streamlining exercise. While the shedding of such high profile data experts has prompted…
Navigating the maturity curve
Confirmation that Barclays Global Investors has outsourced the bulk of its European investment operations to JPMorgan Worldwide Securities Services adds weight to the argument that, at last, the practice of fund managers outsourcing their middle and back offices to custodian banks has reached maturity. The spectre of the failed Schroders deal is fading, and the…