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Use of Third Party Providers by Buy Side is on the Increase, Says BNY Mellon Research
As proved by the plans revealed this week by IOSCO, the regulatory community is cracking down on the hedge fund sector and one of the side effects of these increased transparency requirements is that hedge funds are turning to third party providers to help them tackle the new data challenges. Recent research by custodian Bank…
Validata to Offer Test Factory Services for Banking Customers to Hexaware
Hexaware Technologies, a global provider of IT, BPO and consulting services, today announced a partnership with the Validata Group, an application lifecycle management (ALM) solutions vendor for the banking and finance sector. Hexaware’s Quality Assurance and Testing Services (QATS) division will work with Validata Group to deliver Validata SAS Test Factory – a unique quality…
ICAP Expands Global Enterprise Data Distribution via Thomson Reuters to Include Key Japanese Benchmark Data from TOTAN-ICAP
ICAP, interdealer broker today announced the expansion of ICAP’s global enterprise data distribution via Thomson Reuters to include key Japanese benchmark data from TOTAN-ICAP in Japan. This strategic market data initiative will enable Thomson Reuters customers to contract for additional enterprise application usage and internal distribution of TOTAN-ICAP Japan-based data sets including; FX, money market,…
European Commission’s Reding Indicates Data Protection Update is Required, Systems Changes on their Way
The European Commissioner for Justice, Fundamental Rights and Citizenship Viviane Reding is dead set on updating the European Union’s 15 year old Data Protection Directive in order to ensure that it is “stronger and more consistent” across the region. However, the regulation is likely to have a significant impact on data managers and the vendor…
Thomson Reuters Strengthens Leadership of its Enterprise Business with Key Executive Appointments
Thomson Reuters today announced the appointments of industry executives David Kelly, Roseann Palmieri and Tanya Ezekiel to the leadership team of the Enterprise business. These strategic appointments demonstrate the investment Thomson Reuters is making to accelerate the existing growth of the Enterprise business and the delivery of its next generation solutions. Thomson Reuters is transforming…
BBVA (Suiza) Optimises the Processing of SIX Telekurs Data with Gain Data Management
Aim Software, a global provider of reference data management solutions to the financial industry, today announced that the private bank BBVA (Suiza) has gone live with the Gain security creation interface for Ambit Apsys from SunGard. The adapter allows the customer to open instruments directly in the banking platform and thus to further optimise the…
Moody’s Experiences Strong First Quarter for Data, Analytics and Risk Business
In line with the relatively strong performance of the data and risk businesses of its peers this year so far, Moody’s indicates that its first quarter global revenue is up by 17% on the previous year’s figures for the period. Moreover, the vendor’s revenue from research, data and analytics increased by 3% from the prior…
Big Changes on the Cards for Netik?
Earlier this week, we revealed that Netik’s founder and CEO John Wise has exited the building and has been replaced by ex-global head of Autobahn Equity at Deutsche Bank Rob Flatley. This, in turn, follows the departure of long time Netik exec Keith Hale last month, who joined IGEFI Multifonds as its new global head…
Thomson Reuters Targets Mutual Fund Community with Global End of Day Equity Pricing Solution
Thomson Reuters today announced two major enhancements to its pricing and reference data platform. DataScope Select will now deliver validated end of day prices within 30 minutes of market close and the introduction of a universal close price field. This is beneficial to US Mutual fund managers and administrators, as they will now be able…
Deutsche Bank’s Flatley Named to Replace Wise as CEO of Netik
In a move that underscores the convergence of electronic trading with data management, Netik has named Rob Flatley, until February global head of Autobahn Equity at Deutsche Bank, as its new chief executive officer. Flatley takes over from John Wise, founding CEO, who returned to the company in 2002 after a period pursuing other interests….