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New RDUG Chairman Plom Joins REDAC Committee

John Gubert of HSBC has stepped down as chairman of the Reference Data User Group, and has been replaced as chair by Alan Plom of Gartmore Investment Management. Plom has also been appointed to sit Steering Committee of the U.S. Reference Data Coalition and is keen on “the continuation of the strong working relationship between…

Fame Partners with CSFB for Bond Pricing, Analytics

Fame Information Services has signed a strategic agreement to market Credit Suisse First Boston’s fixed-income and convertible data/analytics offerings. CSFB’s services, powered by descriptive data from FT Interactive Data, are targeted at the research, compliance, and trading-room decision-support areas. By augmenting CSFB’s trade desk pricing and analytics with FT ID’s descriptive data, Fame clients will…

Access International Enters Final Phase of Sale of GPS Security Master Database

As Reference Data Review went to press, Access International Financial Services was entering the final phase of the process of selling its Global Trade Processing System (GTPS). A key element of GTPS is the Global Product Suite (GPS) security master database. At press time, it wasn’t clear how many – if any – bids or…

DTCC White Paper Offers Plan for Corporate Actions Process

The Depository Trust & Clearing Corp. (DTCC) continues to push its proposals for the transformation of corporate action processing with the release of a blueprint plan that includes proposals for the development of centralised data cleansing and hub-based messaging. Earlier this year, the DTCC launched its Global Corporate Action (GCA) validation service (see RDR, June)…

Bank of Ireland Treasury Goes Live with PaceMetrics STP Kit

Bank of Ireland Treasury & International Banking Dublin has gone live with PaceMetrics’ PaceMaker and PaceManager products, as part of a broad straight-through-processing initiative. The PaceMetrics systems will help provide the bank with transaction data that can be used to increase operational efficiency and to manage operational risk. The rollout of the live product follows…

Valuelink Introduces Shares in Issue Service

Valuelink has extended its validated date service with the addition of a new Shares in Issue service, supplied either as a stand-alone service or as an additional data item within existing ValueLink services. This is the third new service that the company has introduced this year, adding to a Securities Masterfile service launched in May…

FT Interactive Adds Constituent Prices to iBoxx Service

FT Interactive Data is adding iBoxx constituent prices to complement the existing iBoxx indices that it has carried since 2001. The iBoxx indices and constituent pricing data are used by investors as a benchmark for European bonds. The vendor will now offer both intra-day for fund accounting and end-of-day for mainstream portfolio valuation purposes. The…

Former Reuters STP Chief Kirby Reappears at Deutsche Borse …

Tony Kirby, former head of Reuters’ global straight-through-processing (STP) strategy, and driving force behind the Reference Data Users Group, has resurfaced at Deutsche Borse, as head of the STP Design unit. In his new position, Kirby will be responsible for the design, specification and implementation of the exchange’s projects concerning STP, as well as overseeing…

Asset Control Partners with Vitria for Data Dissemination

Business process integration specialist Vitria has formed a partnership with Asset Control. The two companies will develop a joint solution, the Asset Control Integration Module, to facilitate the dissemination of ‘cleansed’ and standardized reference data to multiple systems. The joint product, scheduled for availability in the third quarter of this year, will combine Vitria’s BusinessWare…

Wachovia Licenses Xcitek

Wachovia Corp. has licensed Xcitek CostBasis’s XCB solution to calculate cost allocation factors and tax opinions on corporate actions. XCB is an automated solution for supplying cost basis and tax data. Susan Lane, managing director, securities servicing, Wachovia, says the product is user-friendly and cost effective in supporting the bank’s trust account base. “It provided…