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Four Weeks and Counting…
Four weeks and counting until the juggernaut that is Sibos rolls into Amsterdam and already I’m struggling to fit all the meetings into the week and make sure I can attend the sessions relevant to my particular data focused corner of the market. As I noted back in May when the conference programme was first…
PaceMetrics Boosts Product Management Team with Appointment of Principal Consultant
PaceMetrics, a global provider of process-driven enterprise data management and process monitoring solutions, today announced that Patrick James “PJ” O’Kane has been appointed as principal consultant. With a strong background in pricing and risk management in banking, O’Kane will be responsible for expanding the PaceMetrics product suite. As part of this he will focus on…
Algorithmics Advocates Active Management of Counterparty Credit Risk with CVA in New White Paper
In its latest white paper on counterparty credit risk, Algorithmics outlines several recommendations and milestones for any institution interested in actively managing its counterparty credit risk (CCR) using credit valuation adjustment (CVA) to price the counterparty risk. Since the crisis, there has been a shift from passive to active management of counterparty credit risk that…
SGSS’s De Nexon Highlights Challenge of Moving to the ISO 20022 Messaging Format
The decision to move to the ISO 20022 message format is not being taken lightly by the majority of the financial institutions in the market; Société Générale Securities Services (SGSS) for one is currently weighing up the ability of its clients and counterparties to support the standard and the migration costs involved. Eric De Nexon,…
Euroclear Management Reshuffle Continues, May is Next Out of the Door
International central securities depository (ICSD) Euroclear has certainly had its fair share of people moves this year, with the departure of a number of its Xtrakter subsidiary execs earlier this year and the upcoming addition of ex-BNP Paribas Fortis exec Lieve Mostrey as chief technology and services officer at the start of next month. Following a…
Resolving Symbols and Enabling Choice (Sponsored Article)
By Mark Woolfenden, managing director of FOW TRADEdata The choice of and the investment in trading solutions for both the buy side and sell side of the derivatives industry is an important determinant in the degree to which competition exists in brokerage and other trading related services. Well managed instrument symbology enables sell side firms…
Ex-Reuters Head Bannocks Joins Nomura International as MD in Charge of Ref Data Programmes
After six years at Thomson Reuters, most recently as head of post trade services, Christopher Bannocks has left the vendor to join Japanese firm Nomura’s UK-based Nomura International team as managing director in charge of reference data programmes. Prior to his exit, Bannocks moved from the Enterprise division to the front office focused Sales and…
Aim Software Plans Launch of a New Corporate Actions Scrubbing Module for the Start of 2011
Data management solution vendor Aim Software is planning to launch a scrubbing module for corporate actions in the first quarter of next year, according to Josef Sommeregger, vice president business development and sales at the vendor. The move is a reaction to client demand and also proved a deciding factor in SimCorp’s recent decision to…
Thomson Reuters Launches Governance, Risk and Compliance Business Unit
Thomson Reuters today announced the creation of a new business dedicated to serving customers across the span of Governance, Risk and Compliance (GRC). The new business brings together Thomson Reuters GRC brands including Complinet, Paisley, Westlaw Business, West’s Capitol Watch, Oden and Westlaw Compliance Advisor. It will be led by Thomson Reuters former chief strategy…
Citi to Act as Proving Ground for XBRL Tagging in Corporate Actions Space
Following on from the release of its case study earlier this year, XBRL US has indicated that it is working with global custodian Citi on a pilot programme to prove the benefits of XBRL tagging in the corporate actions space. The pilot is focusing initially on tests on dividend announcements issued by American depository receipts…