A-Team Insight Blogs The latest content from across the platform
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…
Capco Purchase of Iverson Financial Yields Data Platform, Outsourced Management
Capco’s acquisition of California-based data management specialist Iverson Financial Systems last month gives the business services provider both a viable outsourcing solution and a platform product upon which to base its continuing push into the reference data marketplace. The deal appears to be a logical step toward establishing a product approach to complement Capco’s heretofore…
Mark-It Partners Secures Nine More Partner Investors
Mark-It Partners, the cleverly named credit data supplier, has received equity commitments from nine more of its data contributors, bringing to 13 the total number of institutions contributing both data and cash to the business. The latest commitment means that all founding contributors have now exercised options to invest in the company. Mark-It intends to…
Checkfree Names Three to Sell Heliograph Product Set
Following its recent acquisition of Heliograph, Checkfree has named three new sales executives charged with expanding the new unit’s suite of financial messaging products. Aaron Overy joins as sales associate with responsibility for the TradeFlow TPM system. His background includes stints at ABN Amro, Thomson Financial, Primark and BITA Plus, now Cor Risk Solutions, part…
Iris Financial Engineering Hires Strategy, BizDev Execs Following $11 Million Infusion from Apax Partners
Fresh from last quarter’s completion of an $11 million investment from Apax Partners, Iris Financial Engineering has named three senior executives in strategy and business development. Aviv Handler joins as vice president of product strategy from KW International, where he was involved in product strategy and business analysis. Prior to KW, Handler was product manager…
Capco Gets $15 Million Funding For Reference Data Solutions
Capco, which famously split last year from its Synetix reference data joint venture with Reuters, has secured $15 million of funding. The deal has been done with existing investors, including Thomas Weisel Capital Partners, which is in for $10 million, Capco Foundation, Edgewater Private Equity Fund, GIMV, Hewlett-Packard and LJH Private Capital. Capco says the…
Tabb Group Report Cites Critical Role of Reference Data
Underscoring A-Team Consulting’s own research in this area, Tabb Group’s new report on the future of trading-related technology, points to reference data’s critical role in achieving the much-vaunted goal of straight-through-processing. Tabb describes external STP as “moribund” post September 11 and the demise of the GSTPA. However, the report – published last month and entitled…
The Big Boys Start to Circle the Wagons
In every segment of the financial information technology space, there comes a time when the success of the grass roots specialist vendors comes to the attention of the bigger umbrella suppliers of IT services and applications. That moment may be in the process of coming very early to the area of reference data. The past…