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Nomura Asset Management Rolls Out First Phase of Eagle Data Management Project
Japan’s largest asset manager, Nomura Asset Management, has completed the first phase of the upgrade of its global investment platform with the rollout of Eagle Investment Systems’ data management solution. The first step of this multi-phase upgrade involved the deployment of the solution from the Bank of New York Mellon subsidiary, Eagle, with a view…
Poor Data Quality and Lack of Risk Culture are Key Barriers to Risk Management, Says SAS and EIU
The main barriers to successful risk management are poor data quality, a lack of expertise and a lack of risk culture among the broader business, according to a recent industry survey conducted by the Economist Intelligence Unit (EIU) on behalf of SAS. The survey, which was conducted during March 2009 and involved responses from 334…
EDM is Still Relevant But DDM is Rising in Importance, Say RDR Readers
Enterprise data management (EDM) is still a relevant concept to the financial market, according to Reference Data Review’s April reader poll. However, distributed data management (DDM) is rising in importance, likely as a result of the downward pressure on costs caused by the tough economic climate and the growth of electronic trading. According to 56%…
Euroclear Finalises Acquisition of Xtrakter
Following the announcement of its acquisition of Xtrakter in November last year, Euroclear has finally closed the deal. The international central securities depository (ICSD) operator has purchased the International Capital Market Association (ICMA) subsidiary, which operates the Trax trade matching and reporting platform, with a view to creating synergies between Trax and its own OTC…
Just in Time: Current Trends in Risk Management Data Supply
By Marc Alvarez, senior director, Reference Data Infrastructure, Interactive Data The global upheaval of the capital markets over the past few years has resulted in a wholesale, industry-wide effort to improve the risk management function. When looked at from the perspective of the data supply chain that services the risk management role, a major shift…
Hexaware Technologies Partners with Greenplum for Data Warehousing and Analytics Offering
Data management outsourcing vendor Hexaware Technologies has signed a partnership agreement with database software vendor Greenplum, under which the two will collaborate to produce a new data warehousing and large scale analytic processing solution. Greenplum will provide the database platform and Hexaware will focus on the migration, implementation, upgrades and maintenance services for the offering,…
Rigel Capital Rolls Out FundWorks Global’s FundReports6 to Automate Reporting Process
Seattle-based institutional asset management firm Rigel Capital has gone live with FundReports6, FundWorks Global’s enterprise client communications and reporting platform, to meet its institutional reporting requirements. The firm decided to replace its previously manual monthly and quarterly institutional reporting process in order to speed up report production and reduce the risks in the process, says…
Cadis Acquires Compliance Reporting Software Vendor C8 Software
EDM vendor Cadis has acquired management information and compliance reporting software provider C8 Software in a bid to combine the two vendors’ offerings and meet clients’ reporting and risk data requirements. Daniel Simpson, CEO of Cadis Software, explains that the new offering is aimed at cleaning up what he sees as often poor quality data…
Netik Restructures to Tailor Offerings to Three Specific Market Segments
Data management solution vendor Netik has restructured its business into three new divisions with a view to strengthening its offering in each of the three market sectors its solutions are being targeted at. The divisions comprise Investment Managers, Prime Brokers/Custodians and Fund Administrators, explains John Wise, CEO of the vendor. “We have put these divisions…
GoldenSource Opens Sales and Support Office in Hong Kong
EDM vendor GoldenSource has opened a new office in Hong Kong to provide the local market and customers with sales, pre-sales, support, professional services and development services. Mike Meriton, CEO of the vendor, hopes the new office will support its Asian expansion plans, along with its other offices in the region located in Mumbai and…