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SmartCo Opens US Subsidiary to Support North American Growth Plans
Master data management software provider SmartCo has opened a new subsidiary headquartered in Boston to expand its business development and support capabilities for North American customers. The French headquartered vendor says it has had some commercial success in Canada and is now looking to the US for growth opportunities. SmartCo claims it has seen revenue…
Aberdeen Asset Management Picks Cadis EDM as Global Data Hub
Aberdeen Asset Management has implemented the Cadis EDM Suite from enterprise data management (EDM) system provider Cadis. The fund manager hopes that the solution will grant it greater operational control over its data by improving operational efficiency and reducing costs. Aberdeen indicates that it selected Cadis after a rigorous selection process due to the solution’s…
The Quest for Meaning in Financial Systems
By Mike Bennett, director of Hypercube We are all of us wiser than we were earlier in the year. The credit crisis, at its heart, is a crisis of knowledge: if we knew the right things at the right time, it seems that fund managers might have made different decisions, regulators could regulated and so…
Euroclear Agrees to Buy Xtrakter Off ICMA as Part of Drive to Broaden Trade Matching Service Offering
Originally appeared in MiFID Monitor Euroclear has continued on the acquisition trail this month by signing an agreement with the International Capital Market Association (ICMA) whereby Euroclear will acquire 100% of Xtrakter, the ICMA subsidiary, for an undisclosed cash amount. Ignace Combes, deputy CEO of Euroclear, explains that the acquisition is part of the firm’s…
FIMA 08: Make Reference Data Relevant To Front Office With Clear Metrics
Given the current financial crisis it was unsurprising that this year’s FIMA conference – held in London on 11 to 13 November – was focused on surviving the current financial crisis by employing better data management strategies. Although numbers were down and a number of familiar faces, such as Citi’s John Bottega, were absent, the…
Pendo Systems and Data Agent Partner for Data Management Offering
Investment accounting solutions vendor Pendo Systems has formed an exclusive strategic alliance with buy side data management solution vendor Data Agent to deliver an integrated solution aimed at streamlining data management for financial services firms. The two firms are attempting to provide customers with a multi-dimensional platform on which to manage their investment data. The…
Brazilian Hedge Fund Paineiras Investimentos Picks Xenomorph’s TimeScape
Brazil-based hedge fund Paineiras Investimentos has selected Xenomorph’s TimeScape data and analytics management system to replace its current Excel-based solution for data management and validation, risk management and back testing. The hedge fund hopes the system will significantly accelerate its trading and risk management processes, according to partner and trader in the firm Andre Portilho….
EDM Council Adds 12 More Members to Champion the Ref Data Cause
The Enterprise Data Management (EDM) Council added 12 new member institutions to its ranks to help it champion the cause for industry collaboration on data management issues. Michael Atkin, managing director of the not for profit organisation, reckons the new additions demonstrate the rising importance of data management in the market. The new members comprise:…
Enterprise Data Management
The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key…
LakeFrontData Consulting Adds EDM Capability Assessments and Managed Data Service Vendor Evaluations Services
Following the launch of its jobs website last week, LakeFrontData Consulting has added two new data management consulting services to its consultancy services offering. The firm has created enterprise data management (EDM) capability assessments and managed data service vendor evaluations, which it says are aimed at providing clients with a holistic view of their requirements….