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M&I Picks XCB For CA Processing

Marshall & Ilsley (M&I) Trust Company has signed a three-year licensing agreement for Xcitek’s CostBasis (XCB) software and will use it to process cost allocation factors and tax opinions on corporate actions. Mark Cashion, assistant vice president, M&I Trust Company, says the move to XCB has increased accuracy and timeliness of processing cost basis activity…

Official Launch For Eagle Reference Manager

Eagle Investment Systems has launched Eagle Reference Manager, a security reference data management and workflow product. Reference Manager is a standalone system designed to consolidate, translate, validate and disseminate reference data throughout an enterprise. Eagle, well known for its EaglePace and EagleStar portfolio management and accounting solutions respectively, has managed data integration as part of…

ValueLink Signs Another Dublin Client In Custom House

Dublin-based Custom House Administration and Corporate Services has signed to take validated data from UK provider Value Link Information Services. Custom House will be using ValueLink’s validated securities pricing and corporate action data within its administration services for over 160 alternative investment hedge funds. David Blair, managing director of Custom House, which bills itself as…

First American Picks XSP For Corporate Actions

California investment adviser First American Trust is to use Xcitek software to automate its corporate actions processing. The Xcitek Solutions Plus (XSP) ISO 15022-compliant global corporate actions automation solution developed by New York-based data company Xcitek and Solutions Plus will be used by First American to manage corporate actions processes and monitor exceptions by automating…

RDUG Opens Doors To Vendors As Reuters Scales Back STP Programme

The Reference Data Users Group is opening its doors to more vendor participation, moving away from the perception that it is a Reuters-led organization. In large part this is due to Reuters abandoning its high profile STP Programme and with it the team led by RDUG figurehead Tony Kirby. Despite leaving Reuters, Kirby is still…

Eagle Investment Systems Seals Collaborative Pacts with FT Interactive Data and Charles River Development

In a flurry of activity, Eagle Investment Systems this month beefed up its data offerings in an alliance with FT Interactive Data and linked with Charles River Development to develop links between their systems for STP implementations. The deal with FTID allows users of the browser-based Eagle Portal to access real-time pricing data. The move…

Déjà Vu As London Stock Exchange Bolsters Data Activities

Market data industry veteran Karen Young has been lured back to the London Stock Exchange where she will head a number of initiatives with implications for the exchange’s developing role in the reference data area. At the beginning of April, Young will re-join the LSE as head of business development in its Information Services division…

Telekurs Outlines Reference Data Plans To Users

Telekurs Financial unveiled plans to increase promotion of its core data products as supporting STP and back-office automation at its User Group meeting earlier this month. The company has also beefed up its staff and introduced service account managers as a new service layer for users to contact with day-to-day issues. Dominique Tanner, Telekurs (UK)…

Asset Control Links To XSP

Support for the XcitekSolutionsPlus corporate actions software has been added to Asset Control’s outsourced ACDEX reference data management service. The companies say that the linkage will add functionality to both systems. XSP automates the processing of corporate actions, while ACDEX is used to manage the full lifecycle of data capture, cleansing, consolidation, enrichment and storage…

Targetting Standards

FT Interactive Data has spent much of the recent past consolidating its datasets to address the needs of its customers internationally. Reference Data Review spoke to Tom Aubrey, European markets director, about the company’s view of the market. “If you explain to people outside the securities industry that in effect the industry can’t agree on…