A-Team Insight Blogs The latest content from across the platform
Daiwa Securities America, Invesco License Xcitek’s XSP
Daiwa Securities America is to automate its corporate actions processing using Xcitek’s XSP platform and the company’s corporate actions data. The platform will work alongside SunGard’s Phase 3 back-office system, and is aimed at reducing operational risk and increasing efficiency in corporate actions handling. The system is expected to be live by April. Meanwhile, Invesco…
Exchange Data Adopts ISO 15022 for Corporate Actions
London-based reference data provider Exchange Data International has completed the first phase of integrating the ISO 15022 messaging protocol with its corporate actions data services. The company expects to start offering clients test data by the end of the first quarter, with the first phase covering cash dividends, stock dividends, dividend options and dividend reinvestment…
London Stock Exchange Sets March Date for Sedol Masterfile Launch
The London Stock Exchange has revised the launch date for its new Sedol Masterfile service. The service, which aims to establish itself as a global securities identification system, will now be introduced on March 8, when distribution of alphanumeric Sedol codes will begin. Access to the web-site will be allocated beginning March 15. The exchange…
ANNA Service Bureau Links ISINs to MICs
In an apparent bid to stave off potential competition from the London Stock Exchange’s pending Sedol Masterfile service, the ANNA Service Bureau this month announced it would provide financial instrument listing information related to a security’s official place of listing (OPOL). The link between the ISO’s ISIN identifier and the MIC market identifier is designed…
Trace Financial Names Cumberland to BizDev Role
Hugh Cumberland has joined Trace Financial as head of business development. Cumberland was previously at Mercator, where he was responsible for product management, until that company’s merger with Ascential Software. Prior to that, he held positions at Syntegra, Tantus, Quotient, Charterhouse, Banque Indosuez, Baring Securities and Swift. Trace Financial is a middleware and corporate actions…
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…
MDDL: Bearing the Reference Data Standard By James Hartley, Chief Technologist, SIIA/FISD.
Just as the World Wide Web is maturing and the capabilities of Web Services are evolving, so are the data and application standards that use these tools. The Market Data Definition Language (MDDL) is the emerging eXtensible Markup Language (XML)-based standard for reference data. The financial services industry finds itself grappling with the fiscal need…