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Thomson Reuters Opens RICs to All for Trade Processing
Thomson Reuters is taking a step toward answering client calls for more open access to its Reuters Instrument Code (RIC) symbology. The company is making RICs available for use with non-real-time information in client and non-client financial institutions’ trade processing systems. Enterprise content chief Gerry Buggy, part of the team responsible for Thomson Reuters’ response…
Talking Reference Data with Andrew Delaney: Sifma Revisited
Last week I reported on how searing temperatures threatened to make the Sifma technology show in New York something of an assault course. In the end, though, dwindling punter numbers meant that the air-con actually performed as it’s supposed to, and we all remained cool – those of us who were already cool, that is…
Bloomberg Embraces the Legal Entity Identifier
The industry initiative to develop and promote a standard global legal entity identifier (LEI) is expected to significantly reduce the opacity associated with complex financial instruments, widely acknowledged to be a major contributing factor in the 2008 credit crisis. In this white paper, Bloomberg explains the implications of the emerging LEI for financial institutions, and…
Deutsche Bank Demonstrates Benefits of Data Visualisation
Visualisation techniques are essential to gaining insight into data, processes and systems, and could also answer the question of whether high frequency trading is good or bad for financial markets, said Kerr Hatrick, head of Deutsche Bank’s Quantitative Products One team for Europe and Asia at MathWorks’ Matlab Computational Finance Conference in London this week….
Brown Brothers Harriman Works with DTCC to Reduce Risk in Corporate Actions
Brown Brothers Harriman (BBH) has gone live with DTCC’s standards-based corporate actions real-time messaging and expects the solution to provide both operational efficiencies and reduced operational risk. The solution is part of a multi-year corporate actions reengineering project at DTCC that will replace 60 legacy systems by 2015 with a single platform that is compliant…
Talking Reference Data with Andrew Delaney: It’s Hot in New York
The New York Hilton is not best known for its air conditioning, and with temperatures threatening to hit 97 degrees Fahrenheit the second day of the Sifma Tech leaders conference promises to be challenging. It’s a busy and hot New York week. We kicked it off with some client meetings Monday, followed by the ubiquitous…
Netik’s Rebrand to CoreOne Underscores Repurposing of Data Management Assets
Netik, the data management company acquired by private equity firm Symphony Technology Group in 2008, has rebranded as CoreOne Technologies to reflect its new lease of life as a data creation, processing and distribution company with products based on Netik technologies and repurposed proprietary capital markets platforms. The brand change has been led by CoreOne…
FSB Outlines Plans for Federated Access to Centralised ISO 17442-Based LEI Database
The Financial Stability Board (FSB) has outlined details of the global legal entity identifier (LEI) system that it will propose at the forthcoming G20 meeting on June 18-19 in Los Cabos, Mexico. The system would involve the creation of “a ‘logically’ centralised database of identifiers and corresponding reference data” that would appear seamless to users…
Cusip Global Services Talks Down Open Symbology Initiatives and Favours Standards
Cusip Global Services (CGS), the provider of Cusip securities identifiers owned by the American Bankers Association and managed by S&P Capital IQ, has set the cat among the pigeons by criticising proprietary symbologies for their lack of efficient operability. Rather, CGS reckons that standards, supported by organisations such as itself, are the only way forward towards efficient and reliable capital markets. A report on the power…
Talking Reference Data with Andrew Delaney: ReferenceDataReview 2.0
In case you hadn’t already noticed, we used our Data Management Summit on May 22 to introduce our new ReferenceDataReview.com website. We officially relaunched RDR – which we first introduced back in 2003, when reference data was no more than a twinkle in the financial data segment’s eye – last week. The response so far…