A-Team Insight Blogs The latest content from across the platform
Mark-it Partners Acquires Totem Derivatives Valuations
Mark-it Partners has agreed to acquire Totem Market Valuations, a provider of OTC derivatives consensus valuations. Mark-it hopes the combination of Totem’s valuations data will complement its own credit pricing and reference data services, helping clients meet increasingly stringent regulatory and accounting requirements. Tim Barker, CEO of Totem, will join Mark-it Partners’ management team as…
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,…
Credit Suisse First Boston Set to Make Selection of Data Management Suppliers for ODIN Project
Credit Suisse First Boston (CSFB) is set to decide imminently on a selection from a number of data management and workflow solutions providers for its internal ODIN global data management project. The chosen solutions (as there may be more than one), following an extensive evaluation of 17 suppliers that responded to an initial request for…
FT Interactive Data Signs with Absreports.com for Evaluations Data
FT Interactive Data will make its asset- and mortgage-backed securities evaluations data available via Absreports.com, which provides contact, transaction and performance data for the European securitization industry. Under the arrangement, visitors to absreports.com can click on a link to access FT Interactive Data’s FTS desktop portfolio administration tool, which can be used to view more…
Sitting Up and Taking Notice
Finally, the world seems to be paying attention to what industry protagonists have been saying about the reference data marketplace for what now seems like quite some time: that reference data is important to your business, no matter what it is. Maybe it’s because the protagonists have become more sophisticated. We were encouraged to hear…