Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform

Swift Gears Up for CIVICs, Nears Selection of Data Partners

As it evaluates third party database solutions and prepares to select a partner or partners to bolster its data gathering and validation capabilities, bank-owned messaging services provider Swift is making progress towards the creation of a directory of collective investment vehicle identification codes (CIVICs) based on the bank identifier code (BIC). However it is resolute…

MIS Offers Case Management Tool Based on Cicada Technology

Cicada’s Profiler Solutions division is deploying components of its Profiler customer due diligence/KYC software to develop a case management tool for McDonald Information Service (MIS), provider of information on the reliability of retail and institutional accounts to more than 4000 financial institutions worldwide. The tool, called MIS CM, will be provided as an ASP in…

Bank of New York Adds Valuations for European Swaptions, FX Options and OTC Equity Options

The Bank of New York has expanded its independent valuation service for OTC derivatives to include European swaptions, foreign exchange options and OTC equity options, in addition to the interest rate swaps and credit default swaps already covered. The bank is currently undergoing a merger with Mellon Financial Corporation, which recently announced the availability of…

Omgeo Releases Alert Plus For Bulk SSI Upload Capability

Post-trade, pre-settlement trade management services provider Omgeo, the joint venture company of DTCC and Thomson Financial, has released and signed up the first users for Omgeo Alert Plus. This new feature set within the Omgeo Alert web based database for the maintenance and communication of standing settlement and account instructions is designed to give high…

Counterparty Data Service a “Very Important Part” Of HSBC’s Global Licence Deal with Reuters

The new counterparty data service from Reuters, slated to go live in the second quarter, has emerged as a key component of the reference data element of the wide-ranging global data and technology infrastructure deal HSBC has signed with the vendor. Reuters describes reference data as “an extremely significant” component of the deal – which…

S&P Becomes EDM Council’s First Data Vendor Sponsor

Standard & Poor’s has become the first data vendor to join the EDM Council as sponsor, where it will work alongside the likes of other new vendor sponsors ADP Brokerage Services Group and Deutsche Boerse-owned Avox (Reference Data Review, December 2006), to help develop effective solutions to manage data across the enterprise. Through its involvement…

Reuters Migrates Legacy Platform Users on to DataScope Select

Reuters has begun migrating users of legacy products including Reuters DataScope Portfolio and Reuters Global Pricing Service on to Reuters DataScope Select, the web-based data delivery service it launched in January (Reference Data Review, January 2006). Reuters’ rationale for the move is to avoid retaining multiple platforms, and to enable its clients to take advantage…

Sky Road Adds Markit CDS Pricing And RED to Hedge Fund Solution

Hosted hedge fund solution provider Sky Road has partnered with Markit Group to integrate its data feed, enabling portfolio and risk managers of credit-based strategies to trade, model and perform scenario based risk analysis for credit derivatives. The Sky Road platform, based on the Calypso system, will incorporate Markit’s CDS, iTraxx and Dow Jones CDX…

Spending on Legal Entity Data Management to Top $250m by 2010

By 2010, more than 10 per cent of total spending within the enterprise data management industry will be on legal entity data management, says analyst Aite Group in a new impact report. Regulatory pressure is driving a 200 per cent average annual growth rate in spending in this market, Aite says, encouraging spend on legal…

Credit Dimensions Revealed as Reuters’ Counterparty Data Partner

Reuters confirms it is working with Credit Dimensions to bring to market its counterparty data service, now scheduled to launch in the Q1/Q2 timeframe next year. Kevin Bradshaw, global head of Enterprise Information at Reuters, says the vendor is in advanced discussions with several major bulge bracket firms both in Europe and the US which…