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Ness Technologies Promotes FDE Platform At New York’s FIMA Data Management Event
Ness Technologies took the opportunity of this month’s Financial Information Management (FIMA) conference to promote its Financial Data Enterprise (FDE) reference data management platform. The platform was developed by Ness Innovative Business Services (Ness IBS), previously known as Innova Solutions, a provider of integration services for investment managers, broker/dealers and third-party administrators. FDE provides a…
Temenos Appoints Popple, Christodoulou for European Operations
Steve Popple, previously sales director at reference data management platform supplier GoldenSource (formerly Financial Technologies International), has joined Swiss core banking systems vendor Temenos as director of business development, Central and Eastern Europe. Popple, an industry veteran of 23 years, will report to Noah Krahenmann, and will be based in the U.K. Another new arrival…
Capco Expands its Managed Services Capability in Europe
Capco, has announced two senior appointments in its managed services business. Neil Innes, who most recently spent seven years at Deutsche Bank, joins as a product manager within Capco Reference Data Services, based in London. Eric Bohner, meanwhile, a founding partner of Capco, has been named head of managed services sales for Europe.
Capco Leaps Into Managed Data Services With Acquisition of ING’s Security Master
Capco is to acquire the security master file platform of Dutch bank ING Group as part of a deal under which Capco Reference Data Services will provide ING with managed data services under a seven-year deal. In a move reminiscent of IBM’s acquisition of Dresdner Kleinwort Wasserstein’s data management platform as part of IBM’s Project…
Bloomberg Adds Access to S&P/MSCI Barra’s GICS Classifications
Bloomberg has added access to the Global Industry Classification Standard (GICS), jointly developed by Standard & Poor’s and MSCI Barra, to its Bloomberg Professional market data terminal service. The GICS methodology classifies more than 33,500 active companies and 37,500 securities by sector, industry group, industry and sub-industry, enabling users to conduct qualitative and quantitative analyses…
Exchange Data International Launches Initial Public Offering Database
Exchange Data International (EDI) has launched the Worldwide Initial Public Offering (IPO) Database. The new service monitors IPOs worldwide and provides daily updates via email or the web on all IPOs in 74 countries. Reporting on rumoured, pending, new and historical IPOs, the service can be used by investment banks to track IPO progress by…
Aegon Asset Management Taps Citadel Cadis for Data Platform
Aegon Asset Management UK Ltd. has implemented Citadel Associates’ Cadis Data Management Platform (DMP). The Scotland-based investment management firm will use DMP in support of its outsourced securities administration and fund accounting functions, which are handled by Citigroup’s Global Transaction Services group, as well as for its own core business activities. Cadis now supplies Aegon…
DTCC Plans Data Repository for Credit Derivatives Trade Information
Stop Press: The Depository Trust & Clearing Corp. (DTCC) has unveiled plans to create a single data repository for trade data covering over-the-counter derivatives transactions. The proposed utility would become a central industry trade information warehouse, containing the golden copy of each OTC derivative trade, with an initial focus on credit derivatives. Access to the…
Wells Fargo Adopts I-flex Reveleus Data Structures
Wells Fargo has implemented a platform from i-flex’s Reveleus unit to support its credit capital calculation application in order to meet its Basel II requirements. Underlying the platform is a set of data structures, business rules, computations and definitions that is expected to help the U.S. bank comply with the advanced internal ratings-based approach of…
Reference Data Spending to Continue at Highs for Two Years
Rest assured. The boom years aren’t over yet. Financial institutions will continue their high rate of spending on reference data projects for the next two years as drivers such as operational risk and regulation continue to force firms to clean up their data acts. That’s the conclusion of a new survey from TowerGroup, which said…