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Talking Reference Data with Andrew Delaney: Filling the Fund Income Data Gap
In what I see as further evidence of an enhanced market focus on corporate actions and related activities, a group of asset servicing and fund administration firms have launched a London-based working group focused on fund income data. The Fund Income Data Working Group (FIDWG) is hoping to address the dearth of available information on…
Bank Sarasin Tackles Corporate Actions Operational Risk with Aim Software
Swiss private bank Bank Sarasin has increased its investment in Aim Software solutions, adding the company’s corporate actions data scrubbing and matching capability to an existing data management structure based on Aim’s Gain platform and supporting pricing and static data since 2002. The bank looked at a range of corporate actions solutions to automate manual…
Talking Reference Data with Andrew Delaney: Riding the Regulatory Wave
Some years ago, I debated with the president of a well known enterprise data management platform provider about whether the market’s obsession with risk represented the ‘killer app’ the EDM segment had long been searching for. He wasn’t entirely convinced; I, of course, was. And although there are many good reasons to embark on an…
DNB Nord Is Early Adopter of IBM’s New InfoSphere Reference Data Application
IBM has added a ready-to-run application for reference data management to its InfoSphere Master Data Management (MDM) platform. The so-called InfoSphere MDM Reference Data Management Hub v10 has been beta tested by banks including DNB Nord in Europe and was released by IBM as an electronic upgrade last week. The application offers centralised reference data…
Latest Thomson Reuters RIC Proposal Addresses Fees, Scope to Assuage EC Inquiry
Thomson Reuters has made further concessions on licensing policies for its Reuters Instrument Codes (RICs) in an effort to end the European Commission’s enquiry into a breach of European competition rules by the company. The move follows an earlier rejected attempt to address EC anti-competition concerns. Comparing the revision to Thomson Reuters’ last and unsatisfactory…
Talking Reference Data with Andrew Delaney: Live and Let Die
(With apologies to Paul McCartney and Ian Fleming) When you were young and your heart was an open book You used to say ‘live and let live’ (you know you did, etc.). But in this ever-changin’ world in which we’re livin’ Makes you give it a try: ‘Live and let die’ When I was young…
S&P Capital IQ Details Plans for Evaluated Pricing Post CMA Acquisition
S&P Capital IQ’s acquisition of Credit Market Analysis (CMA) from CME Group last week is bearing fruit, with some CMA technologies already integrated and used in S&P Capital IQ offerings such as its evaluated pricing service. As other services and technologies are integrated, CMA as a whole is expected to slot in alongside earlier acquisitions…
Aim Software Acquires ABI Informatic for Customer Base and Technology
Aim Software, vendor of the Gain reference data and risk management platform, has bought competitor ABI Informatic in a deal aimed primarily at acquiring its 25 European customers. Terms of the Jun 4 transaction – announced yesterday – which also gives Aim ABI’s Agio data management platform, weren’t disclosed. Vienna-based Aim’s CEO Martin Buchberger describes…
Eikon Reaches ‘Tipping Point’ as Thomson Reuters Halts New-Client Sales of 3000 Xtra
Thomson Reuters has halted sales of its 3000 Xtra premium desktop service to new clients, in a move seen as a vote of confidence in successor desktop product Eikon. As of July 31, Thomson Reuters’ sales teams will offer new clients Eikon as the sole choice of premium desktop, although existing 3000 Xtra clients will…
Cantor Fitzgerald Upgrades to XSPrisa SaaS Model for Corporate Actions
Cantor Fitzgerald has become the second customer to license XSP’s software-as-a-service (SaaS) XSPrisa solution for automated corporate actions processing. The first customer, an unnamed but large global firm based in New York, has been in production for three months following XSP’s introduction of XSPrisa this spring. Cantor Fitzgerald has been using the enterprise version of…