Data Management Insight Blogs The latest content from across the platform
Battle of the Reference Data Industry Groups? Atkin Launches Findac, As FISD Gears Up
Competition looks set to hit the reference data industry bodies space, as former FISD chief Mike Atkin has found a backer to set up his own industry group – Financial Data Coalition (Findac) – which appears to be in direct competition with his former employer. Findac, which has the tagline: “Promoting standards and efficiencies in…
Bank of New York Picks ValueLink Giving Boost to Outsourcing
Giving a vote of confidence to the outsourcing discussion, Bank of New York (BNY) has opted for Value-Link’s pricing validation service over sourcing data feeds directly from the information vendors, after a year-long RFP process. BNY’s Central Pricing Unit will be sourcing a range of daily intraday and closing valuation pricing data with global coverage…
Competition is good, right?
We all know that competition is good, right? But can competition be good when you’re talking about industry organizations, supposed to be there to facilitate cooperation among commercially driven, competitive business entities? What happens when the industry associations suddenly become competitive themselves? Will it impede progress or will it provide further impetus to progress the…
Standard & Poor’s Launches U.S. Fixed Income Reference Data Service
Standard & Poor’s has introduced a new Securities DataManager, which will provide municipal and corporate fixed income descriptive data with continuous intraday updates. The new service complies with the municipal industry’s Real Time Trade Match (RTTM) efforts to mandate the submission of municipal trades within 15 minutes of execution and to indicate the timing of…
Mergent Offers Unified Access To Corporate Actions, Bonds Data
Mergent, now owned by China’s Xinhua Finance, has introduced two new products EventsData and BondSource. EventsData provides unified web-based access to a combination of global corporate actions data across Mergent’s multiple databases. The corporate actions covered include mergers and acquisitions, bankruptcies, securities listings and delistings, EPS updates, liquidations, stock splits and reverse stock splits, spin-offs,…
Abbey Extends Use of Asset Control for Telekurs’ Corporate Actions
Abbey Financial Markets has extended its use of Asset Control’s data management platform to manage corporate actions data. Abbey chose to source its corporate actions data, alongside pricing and reference data, from Telekurs Financial’s Valordata Feed (VDF). This feed was integrated into the Asset Control platform at Abbey using AC Plus’s existing feedhandler for VDF….
Reuters Grows Third-Party Alliances With Cicada Deal
Reuters has entered a strategic alliance with Cicada to make key historical and reference data from its Datascope service available through Cicada’s data management solutions. Specifically it will provide equities and fixed income data through Cicada’s Reference Data Management Solutions. This is in line with Reuters’ plan to build on its third party alliances, and…
BoNY Wins ING Europe Deal with Outsourced SmartSource…
Bank of New York has won a deal with ING Investment Management Europe, based in Holland, to take on ING IM’s operational functions from post-trade execution services to settlement. The deal is another client for Bank of New York’s outsourcing business SmartSource, which is leveraging its recent 51% stake in the “information-centric STP solutions” company…
…While Insight Talks Outsourcing with Northern Trust
Custodian Northern Trust is in exclusive negotiations with Insight Investment, the U.K. asset management arm of U.S. banking group HBOS, to take on Insight’s investment administration on an outsourced basis. The decision has come after a feasibility study that established a “sound and compelling case for moving to an outsource business model with clear benefits,”…
Survey Finds Cost, Regulatory Compliance Key Drivers
A recent survey, conducted by Sun Microsystems and Morse, found that cost reduction and regulatory compliance are the key drivers of current business strategy. The findings are in line with those of A-Team’s survey Reference Data Now, commissioned by Reuters and available on their website (http://about.reuters.com/datascope). The Sun survey, conducted among 50 financial institutions, consultants,…