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SmartCo Adds Ex-SunGard Exec Knapp to Sales Team in North America

Following the launch of its North American subsidiary in December last year, data management solution vendor SmartCo has added a new hire to its team in the region in an attempt to gain more traction. Accordingly, the vendor has poached ex-SunGard sales and relationship management executive Brent Knapp to lead its sales efforts in the…

Riskart Announces Release of New OTC Derivatives Publishing Mechanism

Following the announcement of the decision from the Committee of European Securities Regulators (CESR) to back European Commission plans to compel transaction reporting on OTC derivatives, Riskart today announced the release in beta test of its new XML-based publishing module. This will allow the publication in XML in compliance with FpML standards from its OTC…

Data Migration Problems Haven’t Changed in 10 Years, Say Datanomic and Iergo

The same problems that were occurring in the market 10 years ago around data migration are still with us today, according to compliance and data management solution vendor Datanomic and data migration focused vendor Iergo. The vendors discussed the importance of data quality tools in the migration process at an event in London yesterday. Businesses…

Netik Launches New Version of GSM Aimed at Solving ‘Control’ Issues for Managed Services

Following its purchase of the Capco Reference Data Services (CRDS) business in February 2008, data management and reporting solution vendor Netik has taken the last 18 months to bed down the Global Securities Master (GSM) solution into its overall managed services portfolio. This work has resulted in the release of version 2.0 of the Netik…

Aim Software Establishes Regional Office for Benelux in Luxembourg

Aim Software, a European provider of reference data management solutions to the financial industry, today announced that it has opened a subsidiary in Luxembourg to better serve the Benelux market and provide its existing and future customer base with an extended local service. The office opening in Luxembourg together with the strengthening of the activities…

Asset Control Wins ITG as Client, Launches New Compliance Focused Solution

EDM solution vendor Asset Control has bagged Investment Technology Group (ITG) as a new client and launched a new solution aimed at providing more transparency and control around reference data, with a view to improving firms’ compliance and audit functions. Rick Enfield, product business owner of the AC Plus solution, and Jean Williams, product business…

Aim Software, SIX Telekurs and Rolotec Partner for Reference Data Integration Solution

Swiss software vendor Rolotec has signed a partnership agreement with data management solution vendor Aim Software and data provider SIX Telekurs under which the vendors will work together on a reference data integration solution. Rolotec has traditionally been focused on the world of real-time data integration but has been driven to look at reference data…

Regulation and Risk Management Both Helping and Hindering the Data Management Cause, Say RDR Readers

Although many vendors are claiming that the global regulatory overhaul and a renewed focus on risk management practices within financial institutions have lent weight to the data management cause, it seems that they have also proved to be a hindrance. According to the latest Reference Data Review reader poll, half of respondents feel the developments…

Large Investment Bank Opts for PolarLake’s Reference Data Distribution Solution

Following the launch of its Reference Data Distribution (RDD) solution in July last year, PolarLake has signed its second big customer in the form of an unnamed global tier one investment bank. The bank is rolling out the solution as part of its revamp of its global reference data programme, which is focused on the…

ProCapital Selects Xenomorph TimeScape for Reference and Market Data Management

ProCapital Securities Services, the French securities services company, has selected Xenomorph TimeScape for their centralised reference and market data management requirements. The project has already commenced and the solution will be in full production usage by December 2009. TimeScape will replace an internal solution and will be used to provide an enhanced single source of…