A-Team Insight Blogs The latest content from across the platform
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…
EDI Names Two to Reinforce London Sales Team
Reference data supplier Exchange Data International (EDI) has named two business development managers to its London sales team, both reporting to director Kevin Brady. Rickie Glasgow joins from Reuters, where he was product manager for DataScope Portfolio and Global Pricing. Andy Sabourin joins from HSBC’s market data division. Prior to that he was major accounts…
Reuters Identifies Enterprise Data Fastest-Growing Segment in 2003
In a wide-ranging product briefing to analysts in London earlier this month, Reuters identified enterprise data as its fastest-growing product segment in 2003. The segment, which falls under its new enterprise client group, includes Reuters’ DataScope pricing and reference data businesses. According to Reuters chief financial officer David Grigson, the enterprise information products group grew…
FISD Relishes Role in WG11 to Develop Financial Data Model
Delegates at the FISD’s general meeting in Paris late last month heard about the industry group’s significant involvement in International Standards Organization’s Working Group 11, which released a draft consultation paper in early March as the previous edition of Reference Data Review was going to press. Working Group 11 (WG11) of Steering Committee 4 (SC4)…
Tata Consultancy to Join Corporate Actions Benchmarking Event
India’s Tata Consultancy Services will join a selection of corporate actions vendors at a London benchmarking event in June organized by City Compass. The event – pitched as an opportunity to benchmark vendor offerings versus user needs – is scheduled for June 30 at the Merchant Taylors’ Hall, in the City. Other participating vendors include…