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Rydex Picks AccessDX for Data Management Services
Rydex Investments has selected Access Data Exchange (AccessDX) from Access Data to aggregate and process shareholder data from financial intermediaries that distribute Rydex Funds. Rydex Investments is a financial services company, based in Rockville MD, offering 35 investment products, including sector, benchmark and dynamic funds for a variety of market conditions. Rydex manages $15 billion…
ReferenceDataFactory Unveils Bloomberg Adaptive Client
Data integration vendor ReferenceDataFactory (founded by a team of ex-FTI/GoldenSource people) has launched RDF Adaptive Client for Bloomberg Back Office. The service oriented architecture (SOA)-based solution for integration across Bloomberg Back Office and Per Security is designed to enable standards-based distribution of the data enterprise-wide. This Adaptive Client joins similar offerings for Reuters and Interactive…
PolarLake Implements Packaged Ref Data Distribution Solution
Dublin-based integration vendor PolarLake has packaged up a reference data distribution solution, PolarLake RDD, which has already been deployed by a global asset manager. PolarLake RDD is designed to meet the requirement for the distribution of reference data in sell side, buy side, custodian and fund administration businesses, being implemented alongside solutions from EDM vendors…
Netik Close to Three Deals for Packaged Data Model
Netik is in the final phase of due diligence with three organizations for Netik Data Model Plus, a packaged-up version of the data model on which its Netik InterView data warehouse is based. The new product is aimed at large investment managers and asset servicers that have decided to build their own data warehouses –…
KLP Implements GAIN Platform For Multi-Data Feed Processing
Norwegian insurance and financial services provider KLP Kapitalforvaltning is using the GAIN platform from Austria’s AIM Software for the integration of data from vendors including Reuters (DataScope) and Bloomberg (Per Security) into its core SimCorp system, after a two-week implementation. According to Frank Maltais, head of pre-sales at AIM Software, KLP contacted the vendor last…
A-Team Analysis: EDM Progress Could be Faster Than You Think
The great and the good of the enterprise data management industry globally turned out in force for FIMA USA 2007 in New York earlier this month, to participate in a conference agenda that in one sense delivered very little that was actually new. The line-up of presentations and panel discussions explored a number of now-familiar…
JJ Gets Down to “Nitty-Gritty” of “Grimy” Data Business
Reference data projects are “huge, scary and often not perceived as adding measurable value”. To avoid being derailed by the complexity and long payback time of such projects, firms should break the problem down into manageable chunks and accept that great value can be added to the business by addressing just part of the problem,…
IT Complexity, Budget, ROI Key Challenges for EDM Projects
Confirmation that understanding of the importance of enterprise data management is growing among C-level executives comes this month in a new report commissioned by GoldenSource. According to the report, based on 17 interviews with CTOs and CIOs within financial services firms in North America and Europe, 47 per cent of respondents say their firms have…
Financial Tradeware Facilitates GlobeTax’s StatRate Via Swiftnet
Financial Tradeware and tax reclamation specialist GlobeTax have formed a partnership to provide GlobeTax’s StatRate, an automatic data feed which provides financial institutions with market by market statutory withholding tax rate data (Reference Data Review, September 2006), via Swiftnet FileAct. GlobeTax created its StatRate service based on Swiftnet FileAct to deliver daily file based tax…
The Dynamics of Change By Gert Raeves, vice president, business solutions at GoldenSource
Change is like the common cold – there is a lot of it about. The interesting question is not if we are in a period of change: everything is always changing, in the same way that everyone is always busy –the constancy of change is a particularly tired cliché of business life. The better question…