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Progress Real Time’s DataXtend Provides Data Integrity Capability
Progress Real Time, best known for its software for handling real-time complex event processing particularly in the electronic trading environment, has positioned a new product offering to exploit opportunities in the reference data environment. Progress Real Time this month launched its DataXtend line of infrastructure technologies, comprising a Replication Engine (RE) module and a Caching…
Growth Spurs Senior Management Shuffle at Xenomorph
Xenomorph, a provider of enterprise-wide data management platforms, has reorganized senior management. The company cites strong growth in credit data analytics, tick data storage and derivatives data management. Under the reshuffle, Brian Sentance becomes CEO and Greg Johnson becomes COO. Chris Budgen, Matthew Skinner and Mark Woodgate, all founder directors, are now chief technical architect,…
Custodian Mellon Dives Into Outsourcing Of Reference Data Management Services
Large custodian Mellon Financial Corp. has previously dipped its toe in the water of reference data manage-ment through its acquisition of Eagle Investment Systems in 2001. Now it is getting ready to dive in with a packaged reference data management outsourcing solution targeted at investment management firms. Brian Buzzelli, IMS product management, reference data, says,…
Bank of America to Expand Use Of Teradata Data Warehouse
Bank of America is expanding its use of Teradata data warehouse in order to address new business initiatives requiring analysis of enterprise information. Teradata, a division of NCR Corp., provides enterprise data warehousing, analytic applications and data warehousing services.
Wachovia Banks on Building Blocks Approach To Support Cohesive Reference Data Strategy
Believing a cohesive reference data strategy will give it a competitive edge as well as improving efficiencies as the Corporate and Investment Banking division grows, Wachovia Corp. last year embarked on a three-year initiative to develop strategic building blocks. The aim is to create a solid foundation, much of which will be supporting reference data,…
HSBC’s Goldensource Rollout Starts Extensive Data Program
HSBC has rolled out the first implementation of the Goldensource Enterprise Data Management platform as part of a far-reaching program initiated by the institution to support its growing Corporate, Investment Banking and Markets (CIBM) division. The implementation sees Goldensource providing the underlying data integration platform to support HSBC’s electronic securities trading platform in its first…
Deutsche Börse Closes Azdex Deal, Signals Intent in Reference Data
As we’ve previously reported (Reference Data Review, July 2005), Deutsche Börse has now closed the deal to acquire a 51% stake in Azdex, the business entity data and services supplier run by Ken Price. The deal highlights Deutsche Börse’s growing intention to become a player in the reference data space. Although the purchase price was…
Reuters Datascope Deal with Odyssey
Reuters has secured another partner software provider in Odyssey Asset Management Systems for its Datascope reference data service. The data will be made available as an optional packaged adaptor via Odyssey’s Triple’A portfolio management system, its Advisor relationship management system and Nexus, its centralised repository for financial data.
Citadel Becomes Charter Client For Accenture Outsourced MRDS
After much speculation, Accenture has revealed its first client for its Managed Reference Data Service (MRDS) outsourcing solution in hedge fund Citadel Investment Group. Additional clients are expected to follow in the coming months. Citadel, with $12 billion under management, has signed a 10-year agreement to outsource “key aspects” of its data management processes. This…
IDC Shuffles Senior Management
Interactive Data Corp., parent company of FT Interactive Data, has implemented a new corporate structure. John L. King has been elevated from chief operating officer of FT Interactive to occupy the same role across all IDC’s businesses, reporting to Stuart Clark, IDC’s president and chief executive officer. FT Interactive Data’s data delivery products president Raymond…