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Capco Expands Global ETF Coverage To, Erm, North America and Europe
Capco Reference Data Services (CRDS), a managed reference and market data services provider, has announced it has significantly expanded its coverage of exchange-traded funds (ETFs) in its Global ETF Monitor (GEM) product. An ETF is a basket of stocks designed to track an index, yet it trades like a single stock and GEM provides ETF-constituent…
Markit Launches Valuations Service for Inflation Derivatives
Mark-to-market pricing and asset valuations group Markit has launched a valuations service for inflation derivatives covering UK, US, French and European zero coupon swaps. The service, part of Markit’s Totem Service aimed at sell-side risk managers and product controllers, provides independent verification of mark-to-market prices for UK RPI (Retail Price Index), U.S. CPI (Consumer Price…
Hermes Mulls BNY Outsourced Data Management Proposal
Asset manager Hermes Pensions Management Ltd. is considering using Bank of New York to provide a range of outsourced investment operations services, including data management. BNY’s proposal calls for the migration of Hermes’ operational functions to be migrated to the BNY SmartSource platform and centralized outsourcing business model.
IR Specialist EquityStory To Acquire DGAP Service
Deutsche Gesellschaft fuer Ad-hoc-Publizitaet (DGAP), which provides electronic distribution of ad-hoc disclosures, is being acquired by EquityStory, an online investor relations specialist. DGAP was set up in 1996 by Deutsche Boerse, Reuters and Vereinigte Wirtschaftsdienste (VWD) to introduce electronic distribution of ad-hoc disclosures in Germany; it also publishes corporate news, directors’ dealings and press releases….
Markit RED Available to Murex Clients
Mutual customers of Murex and Markit Group Limited (Markit) can now access Markit credit pricing and reference entity data (RED) through Murex’s credit derivatives trading and risk management platform. The strategic relationship between the two companies will give joint customers online access to benchmark credit default swap (CDS) and bond pricing as well as reference…
Citadel Forges Interface to FundWorks Client Reporting Platform
Citadel Associates and FundWorks have developed an interface between their respective data management and client reporting platforms. The link will allow clients of Citadel’s Cadis data management platform to control enterprise data flows, data quality and data storage, and provide the foundation for FundWorks to configure and generate high-quality client reports on validated data. The…
Decentralized Data May Cost Firms $600 Million Annually
Decentralized reference data operations and the effects of faulty data on operational risk and capital requirements could be costing financial services institutions an astonishing $600 million each annually, according to the findings of a recent research paper. The paper – titled Operational Risk and Reference Data: Exploring Costs, Capital Requirements and Risk Mitigation – claims…
FactSet Opts for Telekurs VDF To Support Securities Master File
As it continues to expand its own information services offerings, Norwalk, Conn.-based FactSet Research Systems Inc. has opted to use Telekurs Financial’s Valordata Feed to augment the securities master file it uses to underpin management of the numerous internal and external data sources it uses. As well as augmenting its security master file, FactSet will…
DSTi Adds to U.K., French teams
Buy side solutions firm DST International (DSTi) has added two people to its sales teams. Vincent Stefanovic joins DSTi in Paris as business development manager for France, focusing on expanding DSTi’s presence in France and French-speaking markets. Alan Williamson, meanwhile, joins as sales executive, where he will focus on DSTi’s risk performance solutions in the…
Ex-Reuters Senior Exec Ken Byrne Joins Calypso
Ken Byrne has been appointed executive vice president of worldwide field operations for Calypso Technology, a provider of front-to-back-office trading solutions. Based in New York, Byrne will be responsible for global sales and professional services worldwide. His experience includes running his own consulting practice in addition to holding senior roles at Reuters during 13 years…