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IFDS Appoints Ex-Pershing Head Barrett as Client Administration Exec
Originally appeared in MiFID Monitor International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, has appointed Richard Barrett as group executive of client administration responsible for dealing, registration, administration control as well as IFDS’ distributor services functions. In his new role, Barrett will report to Jon…
European Fund Administration Upgrades to Aim Software’s Golden Copy
Luxembourg-based European Fund Administration (EFA) has decided to upgrade to Aim Software’s flagship Golden Copy solution with a view to optimising the processing of reference data from Telekurs and Bloomberg. EFA implemented the Gain platform in 2004 but it says that factors such as volume increases in data have forced it to upgrade to a…
Deutsche Postbank Picks Asset Control’s AC Plus
German bank Deutsche Postbank has selected Asset Control’s AC Plus financial and reference data management software to provide pricing data to the bank’s risk control department and support its internal value at risk (VaR) model for market risk. Phil Lynch, Asset Control’s president and CEO, says that the vendor has been speaking to the bank…
BPO Provider B-Source Partners with Aim Software for Data Platform
Following the certification of the Avaloq|Gain adapter earlier this month, Aim Software has entered into a partnership with business process outsourcing (BPO) and IT operations outsourcing (ITO) service provider B?Source. Under the agreement, clients of B?Source will be provided with a central reference data management platform based on Aim Software’s Gain Golden Copy. B?Source, which…
Ness Technologies Releases Details of New Version of Data Management Platform
Ness Technologies released the plans for the launch of a new version of its enterprise reference data management platform, Ness Financial Data Enterprise, at this year’s FIMA Asia conference in Singapore in September. The new version of the platform features interfaces to Telekurs Financial’s Valordata Feed (VDF), IBM Tivoli scheduler and a common enterprise application…
Omgeo Acquires Allustra and GEM Recs Platform, Steps up Efforts in OTC Derivatives Market
Omgeo has stepped up its push into the OTC derivatives space with the acquisition of Allustra, a London-based provider of collateral management solutions, and the license for a derivatives portfolio reconciliation platform from Global Electronic Markets (GEM). Allustra’s suite of products are aimed at providing customers the ability to consolidate trade positions across asset classes,…
Interactive Data Appoints Reference Data Expert Sey to Head Strategy for UK Managed Solutions Business
Interactive Data Corporation has appointed current reference data business manager for Europe Nat Sey to the position of general manager of its Managed Solutions business in the UK. In this position, he will be responsible for managing the financial performance and strategic direction of the division. Reporting to Carsten Dirks, managing director, Interactive Data Managed…
Hyundai Securities Selects Teradata for Next Gen Data Warehouse
Korean brokerage firm Hyundai Securities has selected Teradata to provide it with a data warehouse, which will include Teradata 12 Database and the Teradata Active Enterprise Data Warehouse 5550. The firm, which has been using Teradata’s data warehousing technology since 1999, is planning to use the new technology to build a real-time enterprise data warehouse….
Corporate Actions
Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the…
SuperDerivatives Appoints Ex-IBM Hod to Lead Strategic Sales
SuperDerivatives has appointed ex-IBM derivatives and trade processing head Zohar Hod as vice president of strategic sales. Hod specialises in front office to back office derivatives trading, processing, risk management and algorithmic trading, and will be in charge of the vendor’s key accounts. He will be based in the New York office and will be…