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… While Telekurs Outsources Data Input to Capgemini in India
Meanwhile Telekurs Financial has opted to outsource the management of a data input center in India for financial information to Capgemini Schweiz. The three-year deal does not appear to impact any existing data centers, but is aimed at “Giving us flexibility in manpower increases together with very good cost efficiency,” said Eugen Niesper, chief executive…
Xcitek Wins European Client In Mizuho International
London-based Mizuho International has gone live with Xcitek’s XSP software for corporate actions processing, following a detailed evaluations process of a number of systems providers. Said John Sweeney, executive director of Securities Services at Mizuho International, “XSP gives us end-to-end automation in our asset servicing area and enables us to offer a strong and competitive…
Asset Control Enhances Data Management in Version 6.0
Asset Control has released version 6.0 of its AC Server, the core of its data management solutions. The new server provides “significant performance improvements and enhancements” resulting from new features. These features include clustering, to help avoid single points of failure, increased flexibility to create fault-tolerant architectures, and 64-bit support, enabling faster and more efficient…
JPMorgan WSS Launches Sites For Compliance Officers
JPMorgan Worldwide Securities Services has introduced two new websites targeted at chief compliance officers to help them meet various mutual fund compliance requirements. The U.S. Securities and Exchange Commission requires mutual funds to appoint COOs and implement comprehensive policies and procedures to prevent fund companies and advisors from violating SEC regulations and securities laws. The…
Capco Introduces Dividend Forecasts to Global Index Monitor
Capco Reference Data Services is expanding its Global Index Monitor product, acquired through the purchase of Iverson Financial to include dividend forecasts. The new data, branded Global DivCast, will be available in the fourth quarter of this year. It is being positioned as a centralised source of dividend data providing current and accurate dividend projections…
FactSet Acquires Fixed Income Software Provider Derivative Solutions
FactSet Research Systems has acquired all the outstanding capital stock of Derivative Solutions for $42.5 million in cash and approximately $11 million in shares, totalling around $53.5 million. This is 5.4 times the company’s revenues in 2004, and about four times anticipated 2005 revenues. Derivative Solutions, founded in 1991, provides fixed income analytics, portfolio management,…
S&P Adds Markit’s CDS Prices
Standard & Poor’s has entered a new agreement with Markit Group to distribute Markit’s benchmark credit default swap (CDS) prices via Standard & Poor’s CDS Xpress datafeed. The vendor already carries Markit’s Reference Entity Database (RED) in its CDS Xpress and CDS Accelerator products, which are tailored to the synthetic collateralized debt obligation (CDO) market….
AIM Expands to U.S. Market With New Subsidiary
Austria-based AIM Software has established a new subsidiary in the U.S. in order to sell its reference data and risk management solutions directly to clients in the U.S. The subsidiary will also provide better support for the U.S. subsidiaries of around 80 institutions that already use the vendors’ Gain software. AIM has partnered with New…
Free Corporate Actions Data Utility Introduced by Butterlink
Following a period of extended pilot testing, Butterlink is launching the latest version of its corporate actions utility in the hopes of attracting the necessary volume of clients for the free service. Butterlink, formed by a number of corporate actions specialists back in 2004, has so far signed up 117 users at 53 financial institutions,…
Bloomberg Adds Muni Bond Data In Expanded Deal with S&P
Further improving on its strengths in the bond data arena, Bloomberg has expanded its relationship with Standard & Poor’s Securities Evaluations group. The deal adds Standard & Poor’s municipal bond pricing, Municipal Benchmark Yield Curves and Municipal Total Return Index to the Bloomberg Professional service. For Standard & Poor’s, the agreement opens up the distribution…