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CounterpartyLink Introduces Full Product; Enters New Distribution Deal with GoldenSource
Following its soft launch in February CounterpartyLink has officially launched a full version of its data service. The official launch includes full functionality, replacing the previous sample data the company has relied upon. The vendor has also entered a new third-party distribution deal with enterprise data management company GoldenSource. This is part of its strategy to…
What’s new about the importance of reference data? Not so much as is touted. By Maryann Houglet, Director of Strategic Consulting, A-Team Group
A recent industry periodical spoke of data as “ubiquitous”… touching all corners of an enterprise and becoming the lifeblood of an organization.” Having spent my 25-year career at various securities data vendors, there’s nothing new here. Data has always driven investment decisions, transaction processing, back office operations, securities administration, accounting, compliance, reporting and so on….
The Impact of MiFID
Markets in Financial Instruments Directive (MiFID) has been described as pure cost pain for little liquidity gain by some. What might the impacts be for the financial services firms in terms of conduct of business, data management and best execution and order-handling processes? asks Dr Anthony W Kirby, Fellow of European Think Tank Promethee and…
Baumann Parts Company with Telekurs Financial; Busk Returns, Sandher Joins
Reto Baumann, long standing sales manager at Telekurs Financial is leaving the company to “explore new opportunities abroad”. Meanwhile, Edward Busk has returned to Telekurs Financial as part of the London sales team focused primarily on third-party relationships. He previously worked with Telekurs in sales between 1993 and 1999, before leaving to join Reuters as…
Arney Joins Xcitek in Recruitment
Joseph Arney has joined Xcitek as vice president responsible for supporting sales efforts in the recruitment of securities professionals within financial institutions on a consulting basis. He previously spent 14 years with the DTCC.
Raeves Surfaces at Goldensource
Goldensource has hired Gert Raeves as vice president of business solutions, based in London. Raeves was previously with CheckFree Heliograph in a product marketing role, as well as with Swift and JP Morgan in various roles. At GoldenSource, Raeves will report to Mark Zill, executive vice president of global software operations.
Church Retires from Cicada After 32 Years in the Business
Martin Church has retired from Cicada, after seven years with the company, and a total of 32 years in the financial information industry. Church established Cicada’s U.K. and European operation in 2000 and served as a board member in other enterprises in the Cicada group of companies. He will continue to serve as a special…
Credit Suisse First Boston’s Data Group Define Processes For Global Entity Data Client
Credit Suisse First Boston’s (CSFB) reference data group has been working to define processes for managing client entity data globally. The project was driven by a decision within CSFB to centralise the client account opening process three years ago, which highlighted the need for a consistent approach to managing the data attributes related to each…
Progress can be made when client firms stand up and speak
Understanding the issues that clients are facing – and how they are going about handling them – gives us real insight into the progress the reference data industry is making. And by identifying trouble spots we can work to make further progress. This is why gatherings of practitioners can be a very useful exercise. It’s…
EUSD: Catch Up on Progress
As mentioned in our special focus supplement of the June edition of Reference Data Review, the EU Savings (Tax) Directive went into effect on July 1, with implications for paying agents on identifying instruments falling under the directive. Data vendors worked with user firms to help by providing tagged data within product modules. FT Interactive…