A-Team Insight Blogs The latest content from across the platform
FTI Wins at Franklin Templeton, M&G
Financial Technologies International (FTI) has chalked up two wins for its StreetReference reference data management platform. Investment manager Franklin Templeton will integrate StreetReference into its existing implementation of FTI’s StreetBooks client records data store. Meanwhile, M&G Investment Management will use StreetReference as part of its so-called Data Mart database of fixed-income securities terms and conditions….
SSI Database ‘Last Big Challenge,’ Industry Participants Believe
The audience at a recent industry conference hosted by bond trading platform Tradeweb, heard that the adoption of a standard settlement instructions (SSI) database represented that “last big challenge” facing those seeking to realize straight-through-processing. Tradeweb has an interest in SSI through its AccountNet service, which helps firms using its electronic bond trading system to…
ADP Wilco Expands Outsourcing to Reference Data Management
ADP Wilco has expanded its ASP outsourcing business to adopt a more comprehensive business processing outsourcing approach. Targeting smaller brokerages, ADP Wilco will offer such back-office tasks as instrument pricing and securities and corporate actions reference data management, as well as trade capture and reconciliation. Rather than a full back-office outsourcing approach, the ADP Wilco…
Dow Jones Indexes-iBoxx Talks Hit Rocks over Name
Talks about a collaboration between Dow Jones Indexes and iBoxx hit the rocks earlier this month when the two sides failed to agree over the name of the new index they were planning to create. Dow Jones Indexes, with its Trac-x indices, and iBoxx both cover the credit default swaps marketplace. The two have been…
IBM Builds on Reference Data Initiative with Basel II Suite
Hot on the heels of its reference data deal with Dresdner Bank (Reference Data Review, January 2004), IBM this month launched a suite of data management solutions designed to cater for institutions seeking to comply with the Basel II operational risk regulations. The new suite – with the snappy name of Risk & Compliance-Basel II…
Reference Data’s Role in the Centralization of Operations
It’s always fun to hear TowerGroup’s Tim Lind expound on any aspect of the securities operations business. Tim has an uncanny knack for making what’s mundane to many, well, fun. This month’s performance – for it was one – was courtesy of SunGard EPI, the unit of the financial software monolith that deals with transactions…
London Stock Exchange Goes Live with Sedol Master File Service
The London Stock Exchange’s widely anticipated Sedol Master File (SMF) service went live on March 15 in the hopes of exploiting what it sees as an opportunity to supply more detailed identity information particularly in the area of cross-border trading. After the first week of operation, around 50% of the LSE’s users had accessed the…
Citigroup Buys Communicator QIB Hub for ID Management
Citigroup has implemented the QIB Hub identity management solution from Communicator Inc. The system will be used to manage Citi’s Qualified Institutional Buyer certification, under which the bank will have electronic access to more than 25,000 institutional trading account details. Institutions’ compliance, settlement and operations professionals are required to verify that clients are Qualified Institutional…
Correction: LSE SMF Pricing
The pricing for the London Stock Exchange’s Masterfile service was misstated in last month’s issue of Reference Data Review. User licenses are based on access to bands of Sedol codes: £500/year for few than 1,000 codes; £1,500/year for 1,000-5,000 codes; £5,000/year for 5,001-10,000 codes; and £15,000/year for more than 10,000 codes. For distributing vendors (and…
Another One Bites the Dust?
We’ve long held the belief that reference data is the market segment where the action is. But we weren’t prepared for the onslaught of corporate activity that we’ve witnessed in the past two months. First, SunGard swooped down on Fame. SunGard is widely known as being an aggressively acquisitive entity, and upon reflection its interest…