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IR Specialist EquityStory To Acquire DGAP Service
Deutsche Gesellschaft fuer Ad-hoc-Publizitaet (DGAP), which provides electronic distribution of ad-hoc disclosures, is being acquired by EquityStory, an online investor relations specialist. DGAP was set up in 1996 by Deutsche Boerse, Reuters and Vereinigte Wirtschaftsdienste (VWD) to introduce electronic distribution of ad-hoc disclosures in Germany; it also publishes corporate news, directors’ dealings and press releases….
Citadel Forges Interface to FundWorks Client Reporting Platform
Citadel Associates and FundWorks have developed an interface between their respective data management and client reporting platforms. The link will allow clients of Citadel’s Cadis data management platform to control enterprise data flows, data quality and data storage, and provide the foundation for FundWorks to configure and generate high-quality client reports on validated data. The…
Decentralized Data May Cost Firms $600 Million Annually
Decentralized reference data operations and the effects of faulty data on operational risk and capital requirements could be costing financial services institutions an astonishing $600 million each annually, according to the findings of a recent research paper. The paper – titled Operational Risk and Reference Data: Exploring Costs, Capital Requirements and Risk Mitigation – claims…
Barclays Global Investors Sets Asset Control At Centre of Global Reference Data Repository
Barclays Global Investors’ selection of Asset Control’s AC Plus for a planned central data repository marks the fruition of a year of research and evaluations to create a global platform for reference data and time-series data management. BGI will kick off its global implementation in January, with the platform – covering both equities and fixed-income…
J.P. Morgan Adopts Central Reference Data Hub To Support Global Credit Trading Operation
J.P. Morgan Chase is building a business-aligned reference data hub in support of the major reengineering of its credit trading operation onto a single platform. The hub – essentially a central global hub for credit reference data – will commingle corporate data, vendor data and business-specific data into a single, unified service available to all…
DSTi to Embed Xenomorph’s Time-Series Data Management Platform
DST International has signed an exclusive global agreement with Xenomorph to embed Xenomorph’s time-series data management functionality into its Investment Data Solutions platform, aimed at buy-side users. By offering this support for storage, manipulation and retrieval of largescale time-series data and providing analytic applications and plug-ins to make analytics available in other applications such as…
Wachovia Taps Teradata For Basel II Preparation
As part of a new risk management programme, U.S. bank Wachovia is implementing data warehousing technology from NCR subsidiary Teradata. It will use the technology to consolidate its existing disparate risk databases into a centralized warehousing environment. The vendor says the new risk data platform will also enable the bank to meet the data management…
Abbey Financial Markets Doubles Match Rates with SmartStream
Abbey Financial Markets (AFM) has gone live with SmartStream’s TLM Reconciliations after selecting the vendor last year. According to Steve Jennett, Head of Operations for AFM, the ROI from the project has been significant, claiming STP match rates immediately doubled when cash reconciliations went live on TLM. In a phased roll-out, migrating key reconciliations and…
Standard & Poor’s Strikes Global Deal with Soliton
Standard & Poor’s has forged a global collaboration agreement with Soliton. Under the terms of the agreement, data management systems provider Soliton will manage the acquisition and integration of Standard & Poor’s securities data and reference data for financial services industry clients. This will enable customers to automate the acquisition, integration, and management of Standard…
Survey Finds 75% of Firms Plan More Reference Data Automation
The more things change the more they stay the same. This seems to be the overriding message in the results of the second annual AIM Global Data and Risk Management Survey. As with the previous year’s findings, the 2005 survey results showed that financial institutions all over the world are undertaking considerable efforts to deepen…