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CB.Net Sets Outsourced Service For Payments Data Management
London-based provider of descriptive data for the bank payments area, CB.Net, has introduced an outsourced payments reference data service. The new CB.Net Payments Reference Data Service (PRDS) will effectively allow financial institutions to outsource management of their payments data, offloading to CB.Net such functions as sourcing, verifying, validating and normalizing for data required for international…
IDC Hires Hajducky as CFO, Unleashing Crane to Head FT Interactive Data
Interactive Data Corp. has named Andrew Hajducky EVP, CFO and treasurer, paving the way for his predecessor, Steven Crane, to take over as president of FT Interactive Data, as planned. Both will report to Stuart Clark, president and CEO of IDC. Crane is expected to work closely with COO John King and head of sales…
Marks to Quit Swift
Catherine Marks has resigned from Swift to pursue other options, and will leave the company this month. She held the position of SwiftSolutions Manager, Asset Servicing, and has been instrumental in dragging Swift into the world of data distribution. Before joining Swift, she spent several years at Telekurs, Telesphere and Bridge Information Systems.
Former FTID Europe Sales Head Peck Emerges to Head Quantifi’s New London Office
Credit derivatives analytics provider Quantifi has opened its new London office and named John Peck, formerly global sales director at Informa Global Markets, as head of European sales. Reporting directly to Rohan Douglas, founder and CEO of Quantifi, Peck will focus on building on Quantifi’s already established London presence and supporting its aim of product…
Wachovia Expands Use of AC Plus To Boost Risk Data Quality
Wachovia Corp. has once again expanded its use of Asset Control’s AC Plus data management platform to boost the capabilities of its internal risk management function. Wachovia originally implemented AC Plus in its risk management operation in 2004 (Reference Data Review, January 2005) and subsequently extended its use to other areas of the enterprise as…
Reuters’ Reference Feed Sales Hit $100m Annually As FTID Posts $90m in Revenues for 1st Period
Reuters’ annual revenue run rate for reference data feeds is approaching $100 million. The figure represents a quadrupling of $25 million annualized sales rate of a couple of years ago. While Reuters doesn’t officially break out figures for its reference feed business – instead including the data within its enterprise information segment, which also includes…
Bear Stearns Taps Fidelity For Corporate Actions Data
Bear Stearns has signed a two-year agreement for access to Fidelity ActionsXchange’s corporate actions data and processing solution. The big U.S. investment bank will implement the Fidelity service in support of its global equities and fixed-income operations. Boston-based Fidelity ActionsXchange, a subsidiary of Fidelity Capital, will provide Bear Stearns with access to its proprietary platform…
Telekurs’ Reference Data Via Gain Chosen by Lava Trading
Reference data is reaching all aspects of the trade lifecycle, and transaction engines are a fast-growing consumer. This was most recently demonstrated by Lava Trading’s recent adoption of AIM’s data management platform in order to incorporate Telekurs Financial’s data into its transaction engine. New York-based Lava Trading, now owned by Citigroup (see sister newsletter Transaction…
EDM Council Reconvenes To Review Research
After a seemingly long period of silence, the Enterprise Data Management (EDM) Council reconvened to discuss progress in a meeting held by its new Executive Advisory Board (EAB). Still in the ‘research’ phase, the group has come to some conclusions on potential initiatives to focus on, and hopefully will now progress to the ‘action’ phase….
Standard & Poor’s Builds on European Evaluations with West, Gonggrijp Hires
Getting serious about evaluations in Europe, Standard & Poor’s has beefed up its evaluations team with the addition of James West and Roderick Gonggrijp. West joins as senior structured finance evaluator and Gonggrijp as senior corporate evaluator. Prior to this, both West and Gonggrijp spent five years at competitor FT Interactive Data. West will initially…