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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…
EDM Council Will Announce Business Plan in September/October
The EDM Council is targeting September or October for its “coming out party”, at which it will present to its membership a business plan for implemention based on the findings of the working groups it established earlier in the year. The working groups were created to progress the enterprise data management priorities identified via the…
Telekurs Financial Adds Verification Report to Cars
Telekurs Financial has added a verification service to its Corporate Actions Reports Service (Cars). Cars enables Telekurs clients to receive notifications of events taking place on their portfolios in advance of the event. Pre-defined reports monitor an agreed number of event types and output an agreed number of data fields. Under the new service, the…
Reuters Enters Counterparty Data Race, New Service Planned in 2007
Entering the counterparty data race, Reuters is developing a dedicated counterparty data service scheduled for launch in the first half of 2007. The vendor is working in partnership with an as yet unnamed third-party counterparty content specialist. According to Kevin Bradshaw, head of enterprise information at Reuters, an audited set of counterparty information, which can…
Reuters Appoints Gary Barr Global Head of Enterprise Data
Reuters has created a new position – global head of enterprise data – and appointed Gary Barr to the role. The position, which Barr has held since July, has been created in recognition of the growth and importance of Reuters’ enterprise business. Among Barr’s main priorities in the coming months will be to spearhead the…
Counterparty Data Projects Climb Up Priority List, Analyst Claims
Could 2007 be the year in which counterparty data improvement projects make it on to the top 10 priority lists of most financial institutions? Analyst Aite Group certainly believes that during the next year a number of drivers will conspire to make counterparty data projects as compelling as instrument data projects – among them the…
Analysis: Has Data Management Outsourcing Lost Its Steam?
The zeal for providing outsourced reference data management solutions that we witnessed this time last year appears to have lost steam, with several of the larger supplier firms admitting that take-up is slower than expected, and some vendors shifting the focus of their efforts. Major players, such as Accenture, SunGard, IBM, and Capco – all…
Industry Groups Tailor Reference Data Standards Efforts to MiFID
The Reference Data Subject Group (RDSG) of the MiFID Joint Working Group is spearheading efforts to make entity and instrument identification standards a reality in time to ensure industry readiness for MiFID. A body of analytical work that began at the end of July is scheduled to be completed before year end. The RDSG produced…
Cicada Positions Profiler to Help with MiFID Obligations
As the first UK clients prepare to go live on Profiler, Cicada’s client data solution originally designed to help financial institutions comply with anti-money laundering (AML)/know your customer (KYC) regulations, the vendor is positioning the system as a solution for MiFID compliance. “Part of MiFID is certainly price transparency, but another part of it is…