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RDUG Lists Executive Committee Membership

In its latest update to members, the Reference Data User Group (RDUG) listed the membership of its executive commitee, which comprises 12 executives involved in the reference data area. They are: Alan Plom (chairman), Gartmore Investment Management; Anthony Kirby (secretary), Deutsche Borse; Iman Szeto, Northern Trust; Stuart McKinlay, State Street; Michael Atkin, Reference Data Coalition…

European Central Securities Depositories Association Group to Study Corporate Actions

The European Central Securities Depositories Association has established a working group to look at how to meet clearing and settlement recommendations issued by the Giovannini Group, including one regarding corporate actions. The group – headed by Michael Kempe, a manager at U.K. depository Crest – expects to report on its findings in the fourth quarter…

Checkfree Acquires Heliograph, Boosting Corporate Actions Capability

Checkfree Corp., a financial data management company based in Atlanta, has acquired Heliograph, a London-based financial messaging and corporate actions processing company. Checkfree will pay $18.3 million for all Heliograph shares outstanding. Heliograph, which has annual revenues of around $8 million, will be merged into Checkfree’s Financial and Compliance Solutions (CFCS) unit, part of its…

Reuters Renews Deal with S&P Securities Evaluations

Reuters has extended its long-standing deal with Standard & Poor’s Securities Evaluations. S&P will continue to redistribute 1.9 million Reuters/EJV taxable fixed income valuations, alongside fixed income evaluations and global pricing from other sources, including third-party services. According to Todd McGhee, of Reuters enterprise information products group, the S&P relationship predates Reuters’ ownership of EJV,…

Telekurs Unveils New Corporate Actions Delivery Platform

Telekurs used the Swift SIBOS event in Singapore last month to debut its new ISO 15022-format MT564 corporate actions delivery platform. The new platform, developed in conjunction with Swift, will carry the same range of structure, coded basic data and corporate actions already available via the Telekurs Valordata Feed (VDF). Pilot operations using the new…

LSE Throws Celeb Party

Who said that securities identifiers are boring? With A-list celebrities mingling at an event co-hosted by the London Stock Exchange’s Sedol group (with its Proquote unit) we thought that perhaps securities identifiers had hit the big time. Then we realised that the exchange’s choice of location for its information services party – Madame Tussauds –…

Framlington Deploys Heliograph

Framlington, a U.K. investment management firm, has deployed the TradeFlow post-trade transactions management system from Heliograph, developer of the Evare corporate actions processing platform. The system will be used to replace a manual process for handling transaction information.

Mark-it Signs Up 16 Institutions For Project Red

Mark-it Partners has signed up an initial 16 financial institutions to its reference entity database service, known as Project Red, which draws on alphanumeric codes created by Standard & Poor’s Cusip Bureau Service (Reference Data Review, September 2003). The database was founded earlier this year by three institutions – Deutsche Bank, Goldman Sachs and J.P….

Cocktails at Dusk or Weekender? Sibos Reflects Asia Markets Mood By Miroslav Janiic, Finetik Partners

Since Swift decided to go ahead with Sibos and to defy the doom-mongers about a possible SARS backlash, the economic data from Asian markets has improved. Asian countries offer record-low interest rates, record-high liquidity levels and a banks community with cleaner balance sheets than at any time in the past six years. The pump is…

Swift Opens Network to Vendors for Corporate Actions Data

The Society for Worldwide Interbank Financial Telecommunication (Swift) is opening up access to its network to third-party providers of corporate actions data. While Swift already carries corporate actions messages, the move represents the first time commercial data suppliers can distribute their corporate actions services via the network. Bowing to pressure from its financial services clients,…