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Third Party Consensus Data is Not Dead But it’s Dwindling, Says Citi’s Booth
The buy side is busy creating its own resources for consensus data and this has meant that third party provision of this data is slowly declining in importance, said Paul Booth, co-head of the global data services team at Citi Investment Research. The decision to source this information directly is being taken by many of…
Citadel Solutions Implements Asset Control’s AC Plus to Support Fund Admin Business
Citadel Solutions, a wholly owned independent subsidiary of Citadel Investment Group, has implemented Asset Control’s AC Plus data management software to support the growth of its fund administration business. According to John Buckley, president of Citadel Solutions, the firm selected the solution because it was quick to implement and flexible enough for its clients’ requirements….
ICE on the Hunt for Credit Derivatives Clearing Counterparty Head
Following the announcement of its intention to buy Clearing Corporation last week, IntercontinentalExchange (ICE) has indicated that it is currently searching for a suitable candidate to head its credit derivatives clearing counterparty venture. The exchange operator is planning to launch its global clearing platform for credit default swaps (CDSs) later this month. It is likely…
Interactive Data Picks D’Arcy to Succeed Clark as President and CEO
Interactive Data has finally selected a replacement for Stuart Clark, its current president and CEO, who is due to retire next year. The firm has indicated that Raymond D’Arcy, the president of sales and marketing for Interactive Data, will take over the role. D’Arcy has served in a variety of executive roles during his 29…
Distributed Data Management: The Subtle Necessity in the Wake of the Crisis?
By Don DeLoach, CEO of Aleri Nobody would argue that these are interesting times. As we sit in the wake of the largest global financial crisis most of us have ever witnessed, we face market conditions like never before. A looming global recession seems clear, and the imperatives that come with that are becoming obvious….
Xenomorph and Microsoft Partner for HPC in Data Management
Following the formation of a strategic partnership between Xenomorph and Microsoft last month, the vendors have now completed a project to integrate Xenomorph’s time series technology with Microsoft’s SQL Server 2008. However, the partnership was formed to apply high performance computing (HPC) to data management in financial markets and the vendors are also engaged in…
PolarLake Joins EDM Council, as Focus on Practical Implementation Intensifies
PolarLake has joined the Enterprise Data Management (EDM) Council, the not for profit business forum for financial institutions involved in the EDM business. John Randles, CEO PolarLake, explains that the vendor has been keeping an eye on the activities of the group for some time but feels the time is now right to join. “We…
DTCC Confirms Decision to Publish Trade Information Warehouse Data
Following the rumours circulating early last week, the Depository Trust & Clearing Corporation (DTCC) has confirmed that it will begin to publish aggregate market data from its Trade Information Warehouse, the worldwide central trade registry it maintains on credit derivatives. DTCC will begin circulating the data tomorrow (4 November) on its website. It will post…
DTCC Indicates May Disclose More CDS Data to Counter Market Misconceptions
The Depository Trust and Clearing Corporation (DTCC) has indicated that it may disclose more data around credit default swap (CDS) trades in order to counter misconceptions in the market that the derivatives were the root of the financial crisis. According to market reports, the DTCC has been discussing the move with its owners and participants,…
Asset Control Launches Upgraded Front End for AC Plus to Enhance Speed and Efficiency
Asset Control has launched an upgraded front end for its AC Plus financial and reference data management software solution, which it says enhances the speed and operational efficiency of the desktop interface. Rick Enfield, product business owner, Asset Control, explains that the core development process of AC Plus Desktop 3.0 took 15 months. “Organisations are…