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EDM Council Taps Institutions For Membership Fees For 2007
In a move that may go some way towards countering criticism that its vendor-funded status stands in the way of its ability to establish industry standards for enterprise data management, the EDM Council is beginning a planned shift from a vendor-funded model to a membership model. Its base of vendor sponsors is already expanding. BearingPoint…
Ex-Interactive Data Man Smith Returns to Market Data Industry at Valuelink
Valuelink Information Services, UK provider of validated data solutions, has appointed Ashley Smith business development manager, reporting to CEO Stephen Choate. Smith spent 14 years at Interactive Data Corp, leaving in 2002.
ADP Strengthens its Commitment to Proxy Processing with Two New Hires
ADP Brokerage Services Group has appointed two new business development managers to focus specifically on its specialised proxy processing service. Ania Breuksch and Dogan Sevil become senior representatives for international business development and sales, reporting to Hakan Benito Sapmaz, director of international business development, ADP International Shareholder Communications.
Howarth Joins Thomson Financial from Instinet, as MD Asia-Pacific Operations
Thomson Financial has named Mark Howarth managing director of Asia-Pacific operations based in Hong Kong. Howarth comes from a nine year stint at Instinet, where he was most recently managing director, Asia ex-Japan. He reports to Donal Smith, president, Europe and Asia, Thomson Financial.
Evaluations Heavyweight John Lynch Leaves Bloomberg
John Lynch, hired by Bloomberg just months ago to head a team of analysts spearheading the development of a pricing evaluations business (Reference Data Review, April 2006), has parted ways with the company. No comment was available from Bloomberg, beyond the assertion that its evaluations strategy remains in place. But this must be viewed as…
DTCC to Replace XSP with In-house Platform For Global Corporate Actions Validation Service
Aiming to bring control of its Global Corporate Action (GCA) Validation Service in-house and to improve the quality of its corporate actions data, the DTCC has been developing its own platform to support the service, replacing existing Xcitek XSP technology. The new platform is scheduled to go live in September, according to sources. A document…
Daiwa Securities Completes Reference Data Project
Daiwa Securities SMBC Europe has completed the reference data phase of its ongoing project to modernise its middle and back office, resulting in a single consolidated data model for counterparty and securities data. The project has been underpinned by the extended use of the GoldenSource data management platform. During the first phase of the three-year…
Is no news in reference data outsourcing bad news?
Buy, build or outsource? The debate continues in the reference data world, as amply demonstrated in this issue of Reference Data Review. Falling firmly into the “build” camp, DTCC is bringing the platform underpinning its corporate actions offering in-house and moving off the third-party Xcitek solution. In the “buy” category is Daiwa Securities, opting firmly…
TAP Installs Data Management System at Australian Firm In 10 Days
TAP Solutions has implemented its TAPMaster market and reference data management system at an as yet unnamed Australian financial services firm. The installation, taking just some 10 days, began in mid-July, and a number of users are live on the system already, prior to a planned go-live in September. TAPMaster was selected by the Australian…
Markit Launches Extension to Reference Entity Database, RED for Equities
Markit has developed an extension to its Reference Entity Database (RED) product, RED for Equities. The solution is already in use by clients. The vendor reports a growing interest in RED from clients whose primary interest is not credit derivatives but who want to use RED, which Markit says has set the standard for entity…