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SEC Provides Details of Upgrade to Edgar Database
Earlier this week, Securities and Exchange Commission (SEC) chairman Christopher Cox announced the upgrade to its reporting and disclosure system, the Edgar database. According to Cox, the new XBRL-based platform will give investors faster and easier access to key financial information about public companies and mutual funds, when it is introduced over the next three…
Merger Costs Cut Thomson Reuters Profits by 54%
The US$15.9 billion merger of Thomson Financial and Reuters earlier in the year has had a significant impact on the merged entity’s profits as well as on its staffing levels. Substantial integration costs have caused the media group and financial data provider’s second quarter profits to fall by 54%. At the time of the merger,…
Target Group Signs LV= for Data Management of its Loan Operations
Insurance and investment group LV= has signed a deal with Target Group under which the Cardiff-based software and processes provider will take control of the data management of LV=’s existing loan operation for a period of three years. Target will manage the infrastructure that LV= uses for processing, account management, arrears management, and securitisation. The…
The Opportunities for Cost Savings in Performance Reporting
By Penny Davenport, managing director at Markit Document Exchange In 2008, “credit crunch” has become part of the common vocabulary used across all types of media from business programmes to style magazines. According to Wikipedia, a credit crunch is a sudden reduction in the availability of loans or credit, or a sudden increase in the…
The Right and Wrong Approaches to Enterprise Master Data Management Journeys
By Ravi Shankar, senior director of product marketing at Siperian There are two kinds of organisations: those that have implemented a master data management (MDM) solution and those that haven’t but undoubtedly will in the near future. Despite where each organisation may be in their MDM effort, what each have in common are questions about…
Essent Trading Replaces Proprietary Pricing Database with Asset Control’s Platform
Swiss energy trading outfit Essent Trading has picked Asset Control’s data management software to replace its proprietary pricing database. The firm is using the Asset Control solution to centralise its energy and commodity market data. According to Essent Trading, its growth in energy and commodities across markets in Europe means that the ability to manage…
Broadridge Completes Acquisition of Investigo as Part of EDM Push
Broadridge Financial Solutions has successfully completed the acquisition of Investigo Corporation as part of its plans to strengthen its positioning in the enterprise data management (EDM) and compliance space. According to the vendor, this acquisition complements a number of its initiatives targeted to support the wealth management strategies of its customers and Investigo’s products and…
Stokes Leaves XSP to Join 3i Infotech as Sales Manager in Europe
Originally appeared in MiFID Monitor Gary Stokes, ex-European sales director of corporate actions software vendor XSP, has joined 3i Infotech, a global provider of IT solutions and owner of Rhyme Systems, as sales manager for its European Asset Management and Capital Markets Division. At 3i Infotech he will be responsible for selling two of the…
Data Management Still Not on C-Level Radar, Says EDM Council
Although data’s importance to a business is understood at an abstract level, it is not on the strategic radar of the executive management of most firms, according to a recent report by the EDM Council. The report, Finger on the Pulse of Enterprise Data Management, is based on direct qualitative interviews with the heads of…
FactSet Completes Acquisition of Thomson Fundamentals Database
Following the announcement of its intention to acquire a copy of the Thomson Fundamental database in April this year, financial information and analytical applications vendor FactSet Research Systems has announced the completion of the deal. The vendor paid cash consideration of US$63 million for a copy of the database and related assets, daily database updates…