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JWG-IT’s Di Giammarino Elaborates on Five Elements of Successful Data Strategy
In a follow up to his comments at last week’s FIMA 2009 conference, PJ Di Giammarino, CEO of think tank JWG-IT, speaks to Reference Data Review about his perspectives on where the data management community should be focusing its attentions. “Financial institutions and the data professionals working in them do not live in a black…
Is the Industry Focusing on the Right Things?
This year’s FIMA demonstrated one clear thing: not everyone agrees on the right way to approach data standardisation across the market. There was a great deal of debate about whether regulatory compulsion is a desirable concept for the market with regards to forcing market participants to use standards. The European Central Bank’s (ECB) reference data…
Clearstream Completes Rollout of Aim Software’s Gain Platform for Pricing
Luxembourg-based international central securities depositary (ICSD) Clearstream International has completed the rollout of Aim Software’s Gain platform as its new central pricing data management hub. The implementation has been going on for the last seven months and the platform is now able to support the daily pricing of more than one million securities, says Josef…
JWG-IT Pokes Data Sized Holes in UK’s Response to Europe’s Omnibus Directive
Industry think tank JWG-IT has this week sent a letter to the UK’s House of Commons Treasury Committee warning it of the dangers of overlooking the data infrastructure challenges inherent in the European Commission’s financial services “Omnibus” Directive. The UK government committee has just published its response to the Commission’s proposed directive but PJ Di…
LCH.Clearnet’s OTC SwapClear Service Clears One Millionth Trade
SwapClear, LCH.Clearnet Limited’s OTC interest rate swap clearing service, has cleared its millionth trade, taking the notional value of trades in SwapClear to US$206 trillion. Launched in 1999, SwapClear currently clears 64% of the global interbank interest rate swap market and the range of products cleared has been extended to include overnight index swaps of…
CESR Awaits Industry Feedback on Standard Reporting Format for Securities Issuers
Industry participants have until the end of this month to respond to the Committee of European Securities Regulators’ (CESR) call for evidence on the use of a standard reporting format for financial reporting for issuers admitting securities for trading on regulated markets. In the US, the Securities and Exchange Commission (SEC) has already mandated similar…
Quantifi Acquires Moment Analytics
Quantifi, a provider of analytics and risk management solutions to the global credit markets, today announced that it has acquired Moment Analytics, a privately held risk management software vendor. David Kelly, Moment Analytics’ CEO, joins Quantifi as director of credit product development and will be based in the US. This is Quantifi’s first acquisition. The…
Fair Value May be a Tricky Proposition But it is Worth the Trouble, Agree Speakers at SIX Telekurs Event
Accounting standards have come under a lot of scrutiny of late, both from the industry and regulators, but despite its flaws, fair value measurement has been created for a good reason, agreed the panel at SIX Telekurs’ recent “What Price Fair Value?” event in London. However, the volatility in the market has made pricing and…
Global Asset Manager Selects XSP v5 Corporate Actions Platform
XSP, a global provider of corporate actions software, announced today that a leading global asset manager, a business within one of the world’s largest global financial services firms, has selected the XSP v5 solution for automated global corporate actions processing. With processing centres located in Pittsburgh and San Francisco, the client will implement the XSP…
Deutsche Börse Launches Web Portal for Portfolio Risk Assessment
Deutsche Börse’s SENSIS data product has been available via its own web portal since Monday. SENSIS supplies investors and investment advisors with objective key indicators for systematic risk measurement of tradable investments. Internet users can run through their own investment scenarios at www.sensis-data.com, and optimise investment portfolios or investment recommendations in line with their personal…