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Pampapathi Advocates UPS Courier Model for Data Metrics Projects to FIMA 2008 Delegation
Institutions should follow the model of courier firms such as UPS when designing their data management frameworks, Dr Vinay Pampapathi, executive director of the technology division at Daiwa Securities SMBC Europe, told the delegates in attendance at this morning’s opening session to FIMA 2008. Using this model, institutions are able to track various data quality…
Understanding Risk is Key to Effective Data Management, Says BNY M’s Cox
Institutions need to invest in automated processes and good quality staff in order to adequately assess their risk exposure within data management process, said BNY Mellon’s Matthew Cox, head of securities data management, EMEA. They also need to understand the internal risks that are posed by bad quality data and examine what vendors can and…
Institutions and Vendors Need to Carefully Agree on Metrics as a Scorecard for Performance
During this afternoon’s vendor/client double act, Tommy Drummond from vendor Informatica and Benjamin Gavin from insurer Norwich Union explained the benefits of a scorecard against which to measure data quality. They demonstrated to FIMA delegates the benefits of clear data quality metrics via a practical case study. The metrics and targets for projects must be…
Third Party Consensus Data is Not Dead But it’s Dwindling, Says Citi’s Booth
The buy side is busy creating its own resources for consensus data and this has meant that third party provision of this data is slowly declining in importance, said Paul Booth, co-head of the global data services team at Citi Investment Research. The decision to source this information directly is being taken by many of…
NumeriX Develops Data Adapter for Fitch Solutions Consensus Pricing Data
Fitch Solutions has established a partnership with NumeriX, under which NumeriX will launch a new data adapter that supports Fitch Solutions consensus pricing data for corporate, sovereign, loan and asset backed credit derivatives, as well as credit default swap (CDS) indices information. Steven O’Hanlon, president and chief operating officer of NumeriX, explains the benefits for…
Technology Will Help the Financial Services Market to Heal, Says TowerGroup
Originally appeared in MiFID Monitor Although the market is experiencing a period of significant turmoil, financial institutions that embrace new business models and invest selectively in technology innovation will survive the crisis, according to a recent report by TowerGroup. The report, “A Bumpy Flight, Landing, and Takeoff for the Financial Services Industry”, indicates that risk…
OTC Val Appoints Ex-Hedge Fund Quant Bergbusch as CTO
OTC Valuations (OTC Val) has appointed Paul Bergbusch as chief technology officer to lead the vendor’s efforts to introduce its next generation of solutions. He will be engaged in further expanding the coverage for structured products and exotic derivatives under the OTC Val portfolio and will be based in Vancouver. According to the vendor, Bergbusch…
StatPro Group Signs Deal to Use GFI’s FX Options Data for Pricing and Risk Management
StatPro Group has signed a multi-year licence with GFI Group to use GFI’s FX options data in its pricing and risk management services. Dario Cintioli, CEO of Italy and global head of risk at StatPro, explains that the vendor selected GFI due to its standing in the market as an interdealer broker. Philip Winstone, global…
PwC Audit Picks SuperDerivatives for Derivatives Revaluation Audits for CEE
PricewaterhouseCoopers (PwC) Audit, a member firm of the PwC global network, has selected SuperDerivatives to assist in providing derivatives revaluation audits for clients across Central and Eastern Europe (CEE). The firm indicates that the new service is a reaction to the demand from customers in the region for real-time revaluation of derivatives structures associated with…
Xenomorph and Microsoft Partner for HPC in Data Management
Following the formation of a strategic partnership between Xenomorph and Microsoft last month, the vendors have now completed a project to integrate Xenomorph’s time series technology with Microsoft’s SQL Server 2008. However, the partnership was formed to apply high performance computing (HPC) to data management in financial markets and the vendors are also engaged in…