Data Management Insight Blogs The latest content from across the platform
Iverson Pitches ‘Vertical Utility’ For Reference, Index Data
Encouraged by a commissioned survey that indicated firms’ growing interest in outsourcing data management, Iverson Financial Systems is pitching its concept of operating so-called vertical utilities on behalf of clients. Iverson already has three such utilities in operation, having grown the concept from an outsourced solution for equities reference data for a Wall Street firm…
FISD’s Atkin Sets Landscape for Data Standards Initiatives
In his update to the London reference data community earlier this month, Financial Information Services Division (FISD) director Mike Atkin took the opportunity to outline the group’s position on standards. As always seems to be the case with standards, he lamented the fact there are too many of them. But he also cut through the…
Telekurs Adds Three to U.K. Sales Operation
Telekurs (UK) is continuing with its spate of hires in the sales area, adding three to its sales team based in London. Reto Baumann, a seven-year Telekurs veteran, has relocated from Tokyo to become sales manager, responsible for new business sales and key accounts. Faye Cooper has joined as key account manager from Reuters, where…
Eagle’s Riley to Retire at End of Year
Eagle Investment Systems’ chief executive, Jack Riley, will retire at the end of the year, 13 years after co-founding the company. David Palten, another co-founder and currently president of Eagle, will assume the additional role of CEO, reporting to Jim Palermo, vice chairman of Mellon Financial Corp. and president of Mellon Global Securities Services. Riley…
Former Thomson Sales Head Lait Emerges at Standard & Poor’s
Standard & Poor’s has hired Sue Lait, former European sales director at Thomson Financial in London, to lead sales and support for S&P’s investment services business. Lait spent nine years at Thomson Financial, which she left earlier this year having being only recently promoted to sales head. Prior to that she ran the strategic accounts…
Eaton Vance, J.P. Morgan Fleming Sign Up for FT Interactive Data Fair Value
Eaton Vance Management and J.P. Morgan Fleming Asset Management have signed up for FT Interactive Data’s Fair Value Information Service. The investment management firms will use the service to support fair valuation procedures for international equities held in mutual fund portfolios. The Fair Value Information Service helps funds derive fair value estimates for securities for…
Barra Broadens Coverage of Cosmos Bond Portfolio System
Barra has expanded the coverage of its Cosmos bond portfolio management system to include a wider range of securities and benchmarks. The new version – Cosmos 3.1 – has broader U.S. fixed-income coverage. Barra has also added a number of indices, including the iboxx euro and sterling credit indices and mortgages. In addition, Cosmo 3.1…
Royal Bank of Scotland Subscribes to Lombard Risk’s Credit Verifications
Royal Bank of Scotland has subscribed to Lombard Risk Systems’ ValuSpread Credit credit pricing verifications service. ValuSpread has been designed to monitor credit default swap prices for independent verification of traders’ closing prices. The service currently features data for 5,000 global credits, from 29 contributors.
DSTi Adds Bond Attribution Module to HiInvest Portfolio System
DST International has added a fixed-income attribution module to its HiInvest portfolio management system product suite. The system will be marketed as a standalone product, alongside existing HiPerformance andHiRisk products. The new module will support duration and revaluation-based approaches, performing calculations at both the portfolio and security level. DSTi has completed development of a prototype…
J.P. Morgan Securities Australia Opts for XcitekSolutionsPlus
J.P. Morgan Securities has gone live with the XSP corporate actions software from XctekSolutionsPlus at its Australian office. The firm already used XSP at its offices in London and Hong Kong. By adding Australia, J.P. Morgan is now able to process corporate actions electronically between the three operations. The result has been an increase in…