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Coba Proposes Commercial Framework for European Consolidated Tape
The Coba Project, an organisation set up to propose a commercial framework for an industry-led pan-European consolidated tape, reports positive feedback from a letter outlining its plans that it sent to key industry stakeholders earlier this week. Coba’s proposal wraps up the standards recommended ahead of the letter by FIX Protocol Ltd. (FPL) for the…
Financial Services Firms Challenge Regulatory Process During FIMA Debate
Financial services firms called for a bigger picture of market regulation to help them avoid short-term and resource hungry tactical system changes at last week’s Financial Information Management (FIMA) Conference in London. A panel discussion, entitled ‘Developing new business approaches and bringing value to customers in the newly regulated world of legal entity identifiers, consolidated…
Talking Reference Data with Andrew Delaney: The Quiet Rebirth of Interactive Data (Part 2)
It’s well known that Interactive Data Corp. can be a relatively conservative institution. This is in part due to its valuations business, which forces it to make judgments akin to those of a ratings agency, and sometimes results in a somewhat cautious corporate approach. And so there has been a distinct lack of the kind…
FIX Protocol Proposes Standards to Support a European Consolidated Tape
FIX Protocol Ltd. (FPL) has recommended standards to support the consolidation of trade reports and market data in European equity markets. It suggests the standards could play into the European consolidated tape mandated by MiFID and accelerate discussion about similar standards for fixed income and derivatives markets. The recommended standards are the result of work…
Market Practitioners Propose an Industry Data Repository to Ease Fatca Compliance
The US Foreign Account Tax Compliance Act (Fatca) was branded as an outrageous example of US fiscal imperialism and an effort by the US government to outsource tax collection to the UK by a panel of experts addressing the issue of ‘Meeting the Fatca Challenge’ at last week’s International Securities Association for Institutional Trade Communication…
Talking Reference Data with Andrew Delaney: AIM Takes, Erm, Aim at London
The past several months have seen a recasting of what we at A-Team loosely term the ‘next-generation enterprise data management’ segment. Specifically, we’ve seen both PolarLake and Cadis Software – both of which followed the furrow ploughed over the years by the likes of Asset Control and Goldensource – snapped up by Bloomberg and Markit….
SIX Financial Partners Numerix to Add OTC Derivatives to Evaluated Pricing Service
SIX Financial Information has passed the first milestone on its roadmap for the Evaluated Pricing Service (EPS) it introduced in August 2012 by partnering Numerix to produce valuations for OTC derivatives. The outcome of the first phase of the partnership, EPS services covering interest rate swaps, credit default swaps and foreign exchange derivatives, went into…
Talking Reference Data with Andrew Delaney: Frying Pan – Fire
Two major financial data providers announced their third-quarter results in the past few days. A bit of minor drill-down suggests that reference data and related services are playing a significant role and could point the way forward to future growth. The latest numbers from NYSE Euronext, which reported its third-quarter earnings this week, don’t look…
LEI Development Embraces Change and Picks up Speed Ahead of G20 Meeting
The Financial Stability Board’s (FSB) third progress note on the legal entity identifier (LEI) initiative, released last week, has met with a positive response from those involved in shaping the system, potential infrastructure providers and market data vendors, despite changes to some proposals and the collapse of perceptions that have built up during debate on…
Interactive Data Provides Evaluated Pricing for INTEXcalc and Pushes on with Vantage Transparency Platform
Intex Solutions, a provider of structured securities deal models and cashflow analytics, has selected Interactive Data to provide independent evaluated prices on a range of securitised bonds for use in its INTEXcalc cashflow analysis application. The application is designed to offer transparency, ease of use and speed in analysing structured financial securities. The Interactive Data…