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Much to Mull Over, Little to Whine About During Festive Period
The ‘happiest time of the year’ described by the famous song will be a welcome breather for the industry as it comes to terms with the fact that things are busy again. Like a limbering athlete coming back to the track after a spell out with injury, the past three months have been akin to…
SunGard Plans Two-Pronged Reference Data Foray Based on Acquisition of Fame Information Services
SunGard’s agreement to acquire Fame Information Services, announced this month, will initiate an aggressive, two-pronged foray into the reference data management business. Not only will SunGard use Fame to standardize the handling of historical and reference data among its many operating units and product lines, but it will also promote Fame’s ReferencePoint solution as an…
CB.Net Forges Alliance with LogicScope for SSI Accuracy
CB.Net, a London-based provider of bank payments descriptive data, has teamed up with U.K. messaging software provider LogicScope to create an up-to-the-minute database of standard settlement instructions (SSIs). The venture will build on CB.Net’s comprehensive BankSearchPlus payments directory, which was launched at Swift’s Sibos conference in Singapore last month. CB.Net and Logicscope have created a…
SS&C Unveils Servers for Handling Reference Data
Trade and portfolio management software provider SS&C Technologies has been quietly developing a pair of server products that can be used to manage data flows into its own applications and those of other application providers. The company is now marketing Pricing Server and Market Data Server alongside its existing Camra, Antares and Altair products. According…
XcitekSolutionsPlus Scores XSP Wins At UMB, Oppenheimer
XcitekSolutionsPlus has announced two deals this month involving its corporate actions automation platform. UMB Bank, based in Kansas, has licensed the software company’s web-based eTran module, while Oppenheimer & Co. has agreed to license its XSP software. The deals follow hot on the heels of a win at Credit Lyonnais Securities (USA) in late October….
Financial Technologies International Hires Flynn to Lead Professional Services
Financial Technologies International has named Stephen Flynn senior vice president with responsibility for global professional services and systems integrator alliances. Flynn previously spent 20 years at Accenture, most recently with the consulting giant’s STP, integration management and security offerings practice teams.
Netik Releases Low-Cost Matching/Reconciliation Module for InterView
Netik has launched Intermatch 2.0, which adds matching and reconciliation capabilities to its InterView investment and accounting hub system. Among the features are a multi-sourced reference data cleansing facility, with the ability to construct a ‘golden copy’ for distribution throughout the enterprise. The firm is pricing Intermatch at $20,000.
RDUG Lists Executive Committee Membership
In its latest update to members, the Reference Data User Group (RDUG) listed the membership of its executive commitee, which comprises 12 executives involved in the reference data area. They are: Alan Plom (chairman), Gartmore Investment Management; Anthony Kirby (secretary), Deutsche Borse; Iman Szeto, Northern Trust; Stuart McKinlay, State Street; Michael Atkin, Reference Data Coalition…
European Central Securities Depositories Association Group to Study Corporate Actions
The European Central Securities Depositories Association has established a working group to look at how to meet clearing and settlement recommendations issued by the Giovannini Group, including one regarding corporate actions. The group – headed by Michael Kempe, a manager at U.K. depository Crest – expects to report on its findings in the fourth quarter…
FT Interactive Data Launches eDOL
FT Interactive Data went live last month with eDOL, the electronic version of the London Stock Exchange’s Daily Official List. The new service is now available for download via the Internet in .PDF format. The Daily Official List is the legal record of daily trading activity on the London Stock Exchange.