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Downstream Data Distribution a Rich Seam of Opportunity for Vendors, Aite Analyst Says
In its new report, Managing the Rapids of Downstream Data Connectivity, analyst Aite Group predicts spending on downstream connectivity around enterprise data management projects in Europe and the US will exceed $2.5 billion in 2008. The report also finds that EDM projects typically mature an average of three years before firms really start to tackle…
Merger of SWX Group, SIS Group, Telekurs Group Unanimously Approved
The owners of the SWX Group, SIS Group and Telekurs Group have unanimously approved the merger of the three companies (Reference Data Review, May 2007). Within the framework of the planned transaction, the business activities of the Swiss financial market infrastructure providers will be combined under the roof of a strategic holding entity. The objective…
Every cloud…
As the “credit crunch” blame game plays itself out, some hefty criticism is being meted out to various quarters of the industry, not least the regulators and the ratings agencies for their alleged failure to act sooner to stem the tide of fall-out from the sub-prime crisis in the US. A lot of people are…
Swift Promises Controlled Migration To ISO 20022 CA Messages
ISO 20022 versions of the Swift messages that have been the foundation for much of the industry’s progress in automating corporate actions are to be made available by the end of Q4 2009 at the latest, under plans recently formulated by the co-operative. There will be a period of co-existence of ISO 20022 and the…
Evaluations Expert Rieger Slips Through Interactive Data’s Fingers
Standard & Poor’s Securities Evaluations’ James “JR” Rieger will not, as first announced, be joining Interactive Data Pricing and Reference Data as vice president of evaluated services. Interactive Data was forced to issue a statement contradicting its earlier announcement when Rieger informed them he was pursuing another opportunity.
DPC DATA Adds New Location in Philippines for Securities-Related Data Outsourcing
DPC DATA has launched a new facility in metropolitan Manila to support growth in its data outsourcing business. A vendor of securities data, DPC DATA also provides offshore data management services. The new location brings greater capacity for data processing, strategic knowledge process outsourcing (KPO) and custom IT development, it reckons. The new location is…
Broadridge to Target Counterparty Data
Having teamed with GoldenSource and IBM for the initial launch of its global managed reference data solution to provide instrument reference data (Reference Data Review, May 2007) Broadridge Financial Solutions, formerly ADP Brokerage Services Group, is leveraging the expertise and functionality that exists in the GoldenSource product to launch a counterparty data service in Q1…
Web Services Integration Ties with XSP for Automated Reclaims, Makes Progress with Data Hub Solution
UK-based Web Services Integration and US-headquartered XSP have forged a partnership under which they have integrated their solutions for tax reclamation and corporate actions processing respectively, in order to automate the withholding tax reclaim process within the corporate actions lifecycle. The integration has been eased by the fact that Web Services Integration’s Xceptor Tax Hub…
Standing Settlement Instructions: Bringing the Poor Relation of Reference Data into the Fold
Awareness of the fact that missing or inaccurate standing settlement instructions (SSIs) are a major inhibitor to true straight-through processing (STP) is as long-standing as the industry’s focus on STP itself. Problems with SSIs are still the biggest single cause of reference data-related trade fails, which themselves are the second biggest cause of fails behind…
West LB in UAT with Asset Control’s AC Plus, Plans To Go Live for Managing WM, Bloomberg in October
The operations group of German bank West LB AG has begun the roll-out of Asset Control’s AC Plus data management solution to first replace a legacy mainframe system managing feeds from WM and Bloomberg, with a view to using AC Plus to replace an inhouse built centralised data management solution in the longer term. The…