A-Team Insight Blogs The latest content from across the platform
Brewin Consulting Launches Reference Data Diagnostic
U.K. consultants Brewin Consulting has introduced Reference Data Diagnostic, which helps financial institutions understand and tackle data quality issues around reference data. The system offers analysis on why quality of certain data is poor and offers suggestions on how to improved it. At the heart of the system is a reference data rule base that…
Corporate Actions Represent Major Risk to Global Marketplace
New research estimates that incomplete or incorrect corporate actions information poses a front-office trading risk of between EUR1.6 billion and EUR8 billion annually, while firms individually may face back-office processing risks amounting to tens of millions of euros from mishandling a single, complex corporate action event. The research was conducted by U.K. analysts Oxera, and…
Scratching the Surface
As with many other intellectual or indeed leisure pursuits, getting to grips with reference data can be a stimulating affair. The more you scratch at the surface of the topic, the more complexity you find underneath. Unpeeling the layers of the reference data onion seems to be emerging as a more rewarding vocation than it…
SunGard in Acquisition Talks with Asset Control as Accenture Selects AC For Outsourcing Solution
Acquisitive SunGard is in talks about a possible purchase of data management firm Asset Control. Although in early stages of discussion, the talks appear to be part of a wider strategy by SunGard to make a substantial commitment to the reference data area, already indicated by its earlier acquisition of Fame Information Services late last…
Mark-it Partners Taps Caplin for Price Collection, Dissemination
Credit pricing and reference data service Mark-it Partners has signed up to use Caplin Systems’ Liberator and Real Time Text Protocol (RTTP) systems to collect and redistribute streaming credit price information. The systems will collect prices from participating bank traders’ spreadsheets, deliver the data to the Mark-it Partners database for cleansing and aggregation, and then…
McDonnell Investment Management Is Live with Eagle’s Star
McDonnell Investment Management is now live with Eagle Investment Systems’ Star investment accounting system, following a four-month roll-out. McDonnell implemented the system with the aim of instituting an efficient straight-through-processing regimen. The web-based system was selected because of its ability to handle a high volume of transactions and to provide McDonnell with Schedule D statutory…
Reuters Strikes Up Alliance with Asset Control
Reuters DataScope has forged a strategic alliance with Dutch data management vendor Asset Control. The two companies plan to integrate their products, offering clients Reuters DataScope pricing, historical and reference information services within Asset Control’s data management systems. The deal is aimed at making Reuters’ equities, fixed-income and corporate actions services more quickly deployable within…
ADP Partners with RemitPro to Offer Client Verification
ADP Brokerage Services Group has introduced a customer identity verification system, integrated with the company’s Brokerage Processing Services (BPS) securities processing system. The client validation system is aimed at helping broker-dealers’ compliance and new accounts departments to verify their customers’ identities in accordance with the USA Patriot Act. The system was built using RemitPro’s Risk…
Daiwa Securities America Opts For XSP Platform, Data
Daiwa Securities America has gone live with XcitekSolutionsPlus’s XSP corporate actions processing platform in a record 30-day implementation. The project had been slated for a 60-day rollout. Daiwa opted for XSP in the hopes of reducing its exposure to corporate actions processing failure while preparing for future volume increases. In addition to the XSP software…
Full Speed Ahead, but Get Management Buy-In First!
What with independent research groups predicting diametrically opposed directions of IT spending in financial services, it’s difficult to get a handle on how our industry’s recovery is really going. We were piqued to see Celent and TowerGroup disagreeing on the direction of the marketplace – one said European IT spending in finance was heading down,…