Data Management Insight Data Governance & Standards The latest content from across the platform
Heads Will Roll
The sobering news this month that a number of financial services firms are already planning to (or likely to be compelled to) drastically reduce their headcounts in the back office could spell trouble for the data management job market, but good news for the vendor community. The profile of the data cause may have risen…
IMF Publishes Possible Revisions to its Data Quality Assessment Framework
Given the regulatory community’s crackdown on data quality across the financial services industry, the International Monetary Fund’s (IMF) recently published paper on the improvement of its data quality assessment framework indicators is judiciously timed. In the paper, the IMF’s statistics department suggests improvements to its current set of metrics against which to measure the quality,…
SmartStream Announces Partnership with Longtop to Distribute TLM Solutions Across China
SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has formed a new partnership with Longtop, a software development and solutions provider targeting the financial services industry in China. Longtop will integrate SmartStream’s suite of Transaction Lifecycle Management (TLM) solutions to complement its existing technologies and services. Longtop’s expertise across the financial…
FOW TRADEdata in Dialogue with Bloomberg to Incorporate Identifiers into Xymbology, Says IPUG
Following its letter to petition Bloomberg to allow its symbology to be included in FOW TRADEdata’s service Xymbology, the Information Providers User Group (IPUG) indicates that a dialogue has begun between the two vendors to incorporate both the BUID and the new Bloomberg Global ID (BBGID), which is at the heart of its open symbology…
SEC Adopts Temporary Rule Requiring Municipal Advisors to Register With Agency
The Securities and Exchange Commission today announced that it has adopted a temporary rule requiring municipal advisors to register with the SEC by 1 October, a deadline established by the newly-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. Municipal advisors provide advice to state and local governments and other borrowers involved in the issuance…
US SEC Charges Broker-Dealer Pinnacle Capital Markets with AML Related Customer Data Management Failings
In a move that mirrors some of the actions being taken across the pond with regards to customer data infractions, the Securities and Exchange Commission (SEC) has charged US-based broker-dealer Pinnacle Capital Markets with failing to comply with a key piece of anti-money laundering (AML) legislation and forced it to pay out a US$25,000 fine….
IPUG Ramps up Lobbying Activities, Targets Bloomberg as First on a Long List of Vendors Under the Spotlight
The Information Providers User Group’s (IPUG) last annual general meeting saw the confirmation of the main deliverables for the group over the next year, including the highlighting of a number of vendor solutions to come under the group’s scrutiny. One of IPUG’s key activities of late has been the lobbying of the vendor community and…
Issuer Community to Remain a Sticking Point for XBRL in Corporate Actions, Says SmartStream’s Middendorp
The issuer community is likely to remain a sticking point for the Swift, XBRL US and Depository Trust & Clearing Corporation (DTCC) initiative to introduce XBRL data tagging to issuer documents for the foreseeable future, according to Kees Middendorp, senior consultant for corporate actions at solution vendor SmartStream Technologies. Although the introduction of XBRL to…
GFI Group Announces Release of FENICS Exotics
GFI Group has announced the release of FENICS Exotics, a powerful collection of models used to price all major exotic FX instruments. FENICS Exotics pricing models are carefully tailored to work the way a market practitioner would expect to use them in the FX markets. The component provides accurate prices and tradable bid/ask spreads that…
EDM Council Readies Industry Benchmarking Survey, Continues Semantics Repository Development
The EDM Council has been working in partnership with IT consultancy firm Headstrong to put together a global data management benchmarking survey, aimed at providing comparable metrics on the data management projects going on across the industry. The survey involved 65 firms and will be discussed at an upcoming launch event in New York in…