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Netik Launches New Managed Service for Reference and Market Data
Following its purchase of Capco Reference Data Services (CRDS) and restructure earlier this year, Netik has launched a new solution for the management of the end-to-end lifecycle of reference and market data and stepped into the outsourced service provider arena. Dubbed Netik Global Securities Master (Netik GSM), the new offering is based on a combination…
Cross-channel Information Sharing is Key Differentiator for MDM Platforms, Finds Aberdeen Study
Cross-channel information sharing is a key differentiator between master data management platforms (MDM), according to a study conducted by research firm Aberdeen Group. The study directly compares the responses of users of both Siperian and IBM MDM solutions and indicates that the former outperforms the latter with regards to certain key performance indicators (KPIs). Aberdeen…
Interactive Data to Acquire Italian Reference Data Provider for €19m
Interactive Data Corporation has agreed to acquire Italian reference data provider Kler’s Financial Data Service for a purchase price of €19.0 million (approximately US$29.5 million) in cash, as part of its plans to increase its presence in continental Europe. The transaction is expected to be completed early in the third quarter of 2008, contingent upon…
Cicada Issues Letter of Intent to List on TSX Via Reverse Merger With Venture Capital Firm
Following its decision to sell CounterpartyLink in April, Cicada has recently issued a letter of intent to list on the Toronto Stock Exchange (TSX) via a reverse merger with venture capital firm JJR II Acquisition. “At this time, it is still a letter of intent – in other words, there has not been a completed…
Siperian Promotes Wadehra and Ward to SVP Positions
Master data management platform provider Siperian has promoted Anurag Wadehra to senior vice president of marketing and product management and Sean Ward to senior vice president, worldwide sales and alliances. Wadehra will be in charge of all strategic product management and corporate marketing activities. Prior to Siperian, he was vice president of marketing for Intersperse,…
A-Team Report: Complex Instruments Demand Overhaul of Data Management by Buy Side
Following last month’s webinar on derivatives and data management, A-Team Group and EDM vendor GoldenSource have released a report on the specific challenges faced by global reference data managers in buy side firms, with a particular focus on the impact of OTC derivatives. The report involved discussions with a sample of senior individuals directly involved…
GoldenSource Promotes Version 8 of its EDM Suite as More Tailored Solution For Managing Risk
GoldenSource has released version 8 of its EDM platform, which the vendor says offers a more tailored approach for clients and advanced functionality for managing business risk, particularly in high risk areas such as corporate actions, pricing and data quality. “The new version is based on user group feedback and is set to tackle specific…
Agile Master Data Management: A Better Approach than Trial and Error? By Kelle O’Neal, managing partner at First San Francisco Partners
Market leading corporations are embracing master data management (MDM) to help make use of their information assets and strengthen their competitive position. Others are either in early stage planning or at risk of lagging behind those who already dominate their markets. Although still an emerging technology, MDM is quickly becoming a mainstream tool in light…
WM Datenservice Provides Access to WM-DatenOnline Portal for Vwd Group Customers
WM Datenservice, a German financial information service provider, and vwd group, a systems provider of financial market data and solutions, are offering all users of the high performance vwd market manager direct access to WM Datenservice’s browser based financial information portal, WM-DatenOnline. Vwd Group customers now have the option of accessing WM-DatenOnline by concluding a…
EDM Council Marks Third Anniversary During Sifma
The EDM Council marked its third anniversary during the Sifma Technology Management Conference in New York this month. Since its formation in 2005, the not-for-profit organisation has grown in size from a dozen founding members to more than 50 financial institutions, data vendors, software companies and integration providers. “Today, most firms are actively engaged in…