Data Management Insight Blogs The latest content from across the platform
Xcitek Goes Live with First Cost Basis Client
Xcitek’s Cost Basis is now live at its first client site, an undisclosed online brokerage headquartered in San Francisco (erm, Charles Schwab, maybe?). The service, accessed through a secured session on the broker’s website, allows clients to calculate the cost basis of equity positions back to the original trade date. First introduced in 2004, Cost…
Algorithmics Partners with Banks For Credit Risk Data Initiative
Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will…
Progress Real Time’s DataXtend Provides Data Integrity Capability
Progress Real Time, best known for its software for handling real-time complex event processing particularly in the electronic trading environment, has positioned a new product offering to exploit opportunities in the reference data environment. Progress Real Time this month launched its DataXtend line of infrastructure technologies, comprising a Replication Engine (RE) module and a Caching…
Standard & Poor’s Appoints James Price to Senior European Role
James Price has been appointed director of business development and marketing for Standard & Poor’s European Securities Services. Based in London, he reports to Krishna Biltoo, managing director of European data and information and oversees a team of five. Price’s main focus will be to raise Standard & Poor’s profile in the credit markets. He…
Growth Spurs Senior Management Shuffle at Xenomorph
Xenomorph, a provider of enterprise-wide data management platforms, has reorganized senior management. The company cites strong growth in credit data analytics, tick data storage and derivatives data management. Under the reshuffle, Brian Sentance becomes CEO and Greg Johnson becomes COO. Chris Budgen, Matthew Skinner and Mark Woodgate, all founder directors, are now chief technical architect,…
Wachovia Banks on Building Blocks Approach To Support Cohesive Reference Data Strategy
Believing a cohesive reference data strategy will give it a competitive edge as well as improving efficiencies as the Corporate and Investment Banking division grows, Wachovia Corp. last year embarked on a three-year initiative to develop strategic building blocks. The aim is to create a solid foundation, much of which will be supporting reference data,…
HSBC’s Goldensource Rollout Starts Extensive Data Program
HSBC has rolled out the first implementation of the Goldensource Enterprise Data Management platform as part of a far-reaching program initiated by the institution to support its growing Corporate, Investment Banking and Markets (CIBM) division. The implementation sees Goldensource providing the underlying data integration platform to support HSBC’s electronic securities trading platform in its first…
Outsourcing Discussion Moves from Hypothetical to Factual…
Just four months since we completed our survey here at A-Team of data managers and their attitudes towards outsourcing (you can find it at www.a-teamgroup.com), we are already starting to see real results within the business. At the time much of the discussion was hypothetical and asked whether financial institutions would consider outsourcing any of…
Deutsche Börse Closes Azdex Deal, Signals Intent in Reference Data
As we’ve previously reported (Reference Data Review, July 2005), Deutsche Börse has now closed the deal to acquire a 51% stake in Azdex, the business entity data and services supplier run by Ken Price. The deal highlights Deutsche Börse’s growing intention to become a player in the reference data space. Although the purchase price was…
Information Mosaic Leads Scores In CityCompass Benchmarking
CityCompass held its third year of the B.I.S.S awards based on its benchmarking of corporate actions systems. Information Mosaic achieved the gold accreditation with the highest all round scores recorded over the past three years for its Cama corporate actions solution, and for the first time in all three industry sectors of broking, custody and…