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Custodian Mellon Dives Into Outsourcing Of Reference Data Management Services
Large custodian Mellon Financial Corp. has previously dipped its toe in the water of reference data manage-ment through its acquisition of Eagle Investment Systems in 2001. Now it is getting ready to dive in with a packaged reference data management outsourcing solution targeted at investment management firms. Brian Buzzelli, IMS product management, reference data, says,…
A-Team Group/Reuters Survey: Bond Evaluations Gaining Value?
Placing a value on portfolios of fixed-income securities has always been a tricky business. Because of the securities’ complexity and, often, illiquidity, managers have a hard time sourcing reliable pricing. The U.S. has relied on evaluated pricing services for the past 20 years or so. Finally, it seems, Europe is beginning to follow suit. A-Team…
Latest MiFID Postponement Merely Delays the Inevitable
‘News’ that the widely feared, little-understood EU Directive on Markets in Financial Instruments – affectionately known as MiFID – may be delayed again to November 2007, hasn’t been greeted with too much in the way of protest. The original delay pushed implementation of the directive back to April 2007 from a year earlier. The latest…
SunGard AddVantage Adds Interface to FTID Security Master
SunGard’s AddVantage, an asset management, trust and accounting and securities processing solution, has added an interface to XML Market Information Query Response System from FT Interactive Data (FTID). The interface is designed to help mutual customers facilitate the set up of equity and fixed income security master information provided by FTID from within the AddVantage…
Bank of America to Expand Use Of Teradata Data Warehouse
Bank of America is expanding its use of Teradata data warehouse in order to address new business initiatives requiring analysis of enterprise information. Teradata, a division of NCR Corp., provides enterprise data warehousing, analytic applications and data warehousing services.
Capco Launches Global Equities Dividend Forecasting Service
Capco Reference Data Services has launched Global Dividend Forecasting (Global DivCast), a managed data solution that provides a consolidated source of dividend projection data for equities. Features include a forecast of cash flows for a specific security, cash flows calculated using historical and current dividends over a period of two to four years, up to…
StatPro to Resell Capco Reference Data Service’s Global Index Monitor
StatPro, a portfolio analystics solutions provider, is now a reseller of Capco Reference Data Service’s Global Index Monitor (GIM), a source of cleansed global index composition data provided in a single standardized file. GIM, acquired by Capco through its purchase of Iverson Financial, will be provided as part of StatPro’s Performance & Attribution (SPA) product,…
FT Interactive Data’s FTS Service is Now Available to Icon Customers
FT Interactive Data’s FTS service, which provides prices, evaluations, FX rates and indices data, is now available to users of Icon, Linedata Services’ back-office fund management and administration solution, through Icon’s Data Integration Platform (DIP). FTS is the first interface available under Icon’s Accredited Data Vendor Partner Programme launched earlier this year. Icon is planning…
Two New Corporate Bond Indices Launched to Increase Transparency
The National Association of Securities Dealer (NASD) and Bloomberg are jointly launching two new corporate bond indices: the NASD-Bloomberg Active Investment Grade U.S. Corporate Bond Index and the NASD-Bloomberg Active High Yield U.S. Corporate Bond Index. Both are generated solely from transactions prices of actively traded bonds as opposed to quotes or estimated prices. Index…
Mondas Add Real-Time Updates And Web Access to Radica CAPS
Mondas has released Version 4 of its Radica CAPS corporate actions platform. The new version provides a common platform for retail and institutional clients with web-enabled modules and an integral message broking toolkit called Prism. Radica CAPS 4 users will also have access to real-time updates from event feeds, Swift and position data via the…