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Working Group Aims for U.K. Compliance with Corporate Actions Standards
A new U.K. Market Implementation Group (UKMIG) is aiming to harmonise U.K. national rules and practices relating to corporate actions processing, including distributions, shareholder rights and company reorganisations. The group, jointly chaired by the British Bankers’ Association (BBA) and CrestCo, is aiming to implement measures to remove Barrier 3, as set by the 2003 report…
TheMuniCenter Picks FT Interactive Data For Reference Data
TheMuniCenter will utilize FT Interactive Data’s Securities Information Retrieval Service (SIRS) as the primary source of reference data for its electronic fixed income trading marketplace. Clients of TheMuniCenter will now be able to access a wide range of fixed income securities, including U.S. government, municipal and corporate bonds. The new service will also be leveraged…
Markit Buys Automated Trade Processing in Communicator Acquisition
Markit Group has acquired Communicator, a New York-based provider of automated systems for OTC derivatives trade processing. The deal will enable Markit to combine its pricing data and valuations in credit, equity, OTC derivatives and structured finance with Communicator’s automated trade processing systems. The transaction will provide clients with enhanced trading and risk management capabilities…
London Stock Exchange Releases Sedol Validation Tools
The London Stock Exchange has launched two new products, SEDOL Validator (SEVAL) and the Data Validation Service (DVS). SEVAL enables users to validate their securities masterfiles against the SEDOL Masterfile held at the Exchange. The DVS is a generic data reconciliation engine that enables users to rapidly validate multiple sources of data. SEVAL and the…
Goldensource Integrates CDS Corporate Actions into Platform
Goldensource has teamed up with the CDS, a subsidiary of The Canadian Depository for Securities, to integrate CDS’s corporate actions and entitlements data into the GoldenSource Securities & Products software. For Goldensource, the deal extends its offering to financial institutions with Canadian operations or interests, while offering the CDS another route to market. The corporate…
Exchange Data International Joins Mondas’ List of Approved Feeds
Mondas has added corporate actions data from Exchange Data International (EDI), which is now on their list of ‘proven ISO 15022’ data providers. The data is now available via Mondas’ flagship Radica CAPS corporate actions software solution. The interface will allow Mondas clients to automate the capture of global corporate actions through the Radica CAPS.
Soliton Adds Capital IQ for Joho Capital
Data management provider Soliton has added company financial data from Capital IQ to its TimeSquare platform implementation at New York-based hedge fund Joho Capital. Capital IQ, now owned by Standard & Poor’s, combines private and public capital market data and technology. Its reported and adjusted company financial data has been integrated by Soliton’s TimeSquare into…
Standard & Poor’s Raises Bar On Intraday Evaluations Data
Standard & Poor’s has upped the ante in the European pricing evaluations space by introducing five intraday pricing updates per day covering the complete universe of European securities. The move drives up the level of competition with dominant provider IDC, which provides end of day updates, and Reuters, which currently provides three daily updates, but…
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…