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Avaloq, AIM Partner with Comit for VDF Integration Project…
Banking systems provider Avaloq and reference data and risk management software firm AIM Software are developing an interface between their respective products. The deal will enable Avaloq to support multiple data feeds into its core banking system using AIM’s Gain DataDesktop. AIM has also enlisted the help of European IT provider Comit to integrate into…
… While AIM Expands Data Partners with Reuters Deal
AIM Software has also entered a deal with Reuters to provide access to Reuters’ DataScope service within its Gain DataDesktop platform. The company has also introduced a new Gain Light Reuters as a basic version for the processing of Reuters’ data.
One Month To Go ’Til EUSD; Industry Still Not Ready
With just over 30 days to go before the EU Savings Directive (EUSD) comes into effect on July 1st 2005, it appears the industry is far from being prepared. The impact of not being ready could at best result in financial institutions paying too much tax and having to deal with refund claims from customers,…
Reuters Targets Europe With New Evaluations Service
Reuters is targeting the evaluations pricing market in Europe, with the addition of European-issued debt securities evaluations to its DataScope reference data service. The service will be bring the vendor into a space currently dominated by FT Interactive Data, and increasingly focused on by Standard & Poor’s. As reported by Reference Data Review at the…
Paris Moves On From Deutsche Bank
David Paris has left Deutsche Bank where he was global head of information management services within the bank’s global technology and operations group, based in London. In this role he had worked on the data management initiatives focused on meeting regulatory requirements of KYC and Anti-Money Laundering. No word yet on where he plans to…
SIIA/FISD to Findac: This industry ain’t big enough for the both of us.
Despite much fanfare, the idea of another industry association focused on market and reference data in the form of Findac has petered out before it even started. After testing the waters for a couple of months, Mike Atkin’s Financial Data Coalition (RDR, February 2005) concluded that it would not be able achieve critical mass, and…
Esler Leaves Bear Stearns
Peter Esler is no longer with Bear Stearns where he held the position of managing director, global head of market data services. Here he had been involved in a reference data management services evaluation. His next move has not yet been decided.
Perry Re-Emerges Royal Bank of Scotland
Derek Perry has re-emerged at Royal Bank of Scotland as manager, operations change management. This follows a brief stint at BearingPoint, prior to which he was at Capco where he worked on reference data services.
Hirschfeld Leaves Citadel for Asset Control
David Hirschfeld has joined Asset Control as senior vice president of operations, a vendor that his previous firm Chicago-based Citadel Investment Group selected for data management services (Reference Data Review, December 2004). In his new role, Hirschfeld will be involved in initiatives including the turnkey solutions program, Asset Control Solutions Center for product demonstrations and…
Cicada Continues Sales Team Expansion in Europe, U.S.
Cicada is continuing to expand its sales team, hiring Steve Rosenburg as director, America sales, Eija Hietavuo as European sales director, and Bruce Hawkins as business consultant, managing pre- and post-sales support efforts. Rosenburg was previously with Reuters’ Enterprise Information Products Solutions group, and held senior sales roles at Bridge. At Cicada, he will report…