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Process Re-engineering, Implementation are Key To Success of EDM, Says Data Warrior Fleming
The appointment of chief data officers (CDOs) has been heralded as a sign that financial institutions’ senior managers have at last recognised the importance of enterprise data management. While this is undoubtedly true, taking the EDM remit and running with it through to a successful conclusion is no mean feat. Enterprise data projects risk being…
OpenLink Adds Markit, Bloomberg Interfaces in New Release of Findur
OpenLink, a provider of cross-asset trading, risk management and operations processing software solutions, has released Version 8.1 of its Findur credit derivatives trading platform. Among other enhancements, the new version offers an interface to derivatives data services from Markit Group as well as access to instrument data from Bloomberg. The Findur platform performs a broad…
Siperian Expands Team with Four Key Hires
Siperian, developer of a master data management (MDM) platform, has appointed four people to its executive team in response to the company’s growth and expansion into new markets. Joining Siperian are Dr Jeff Sidell in the newly created position of chief scientist; Sean Ward as vice president, worldwide sales; Tony Spensieri as vice president, financial…
Bimcor Leverages Eagle for Daily Performance Results, Building on Centralised Data Hub
Canadian pension fund manager Bimcor has experienced improved data management and data analysis capabilities after streamlining processes using data management and performance solutions from Eagle Investment Systems. The firm has now completed a project to implement a range of Eagle technology which began in 2004. Bimcor is a wholly owned subsidiary of BCE Inc and…
Data Governance “Poorly Practised”
The concept of data governance is one much bandied about in EDM circles, especially as the notion of purely centralised data management morphs into a more pragmatic strategy of centralised control over distributed data stores. But, as is well documented in a new white paper written by Baseline Consulting and sponsored by master data management…
Hedging your bets…
Hats off to analyst Aite Group this month for breathing new life into one of our favourite topics – STP. In its report on Capital Markets IT Spending Priorities in 2007, Aite identifies “a renewed emphasis on trade processing” and, while it does so with a degree of embarrassment, the message is clear. “While STP…
OTC Derivatives Shake Up Data Management; Data Consistency Key
The growing use of OTC derivatives is shaking up data management strategies across the industry. Three-quarters of firms have re-evaluated or are planning to re-evaluate their data management processes as a direct result of the expansion in use of these instruments (see chart, below), according to a survey conducted by A-Team Group (publisher of Reference…
EDM Council Takes Baby Steps Towards Ontology and Metrics
The EDM Council has recently taken steps towards achieving two key requirements for industry-wide implementation of enterprise data management – a standardised data ontology and data quality metrics. Members of the EDM Council are participating in a working group formed by the DTCC to define and standardise the data terms and definitions included in its…
Reuters Enterprise Data Likely to Be Reference Data Force Post-Merger
Thomson Corp.’s agreed acquisition of Reuters, which remains subject to regulatory approvals, would essentially ‘reverse’ Reuters into Thomson Financial, creating a financial information business larger than current market leader Bloomberg (Market Data Insight, May 2007). Following the proposed merger – which envisages Reuters CEO Tom Glocer taking the helm of the overall Thomson-Reuters corporation and…
SmartCo Integrates Telekurs’ SmartCo Integrates Telekurs’
SmartCo, a French software house, and Telekurs Financial have integrated Telekurs’ Valordata Feed (VDF) data flow into SmartCo’s Smart Financial Data Hub. Smart Financial Data Hub is designed to enable centralised data management, data quality control, access authorisation, real-time data analysis and the management of multi-contributor functionality. “We are always interested in interfacing our data…