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EDI Names Two to Reinforce London Sales Team

Reference data supplier Exchange Data International (EDI) has named two business development managers to its London sales team, both reporting to director Kevin Brady. Rickie Glasgow joins from Reuters, where he was product manager for DataScope Portfolio and Global Pricing. Andy Sabourin joins from HSBC’s market data division. Prior to that he was major accounts…

Xcitek Enters Alliance with Financial Information Network

Corporate actions data vendor Xcitek has entered a strategic alliance with Financial Information Network, provider of accounting and trading solutions. The deal calls for Xcitek to provide FIN clients with corporate actions data and cost-basis information. According to Xcitek managing partner Joseph Carvalhido, “By combining FIN’s complete global portfolio management system with Xcitek’s renowned data,…

Reuters Identifies Enterprise Data Fastest-Growing Segment in 2003

In a wide-ranging product briefing to analysts in London earlier this month, Reuters identified enterprise data as its fastest-growing product segment in 2003. The segment, which falls under its new enterprise client group, includes Reuters’ DataScope pricing and reference data businesses. According to Reuters chief financial officer David Grigson, the enterprise information products group grew…

FT Interactive Data Signs with Absreports.com for Evaluations Data

FT Interactive Data will make its asset- and mortgage-backed securities evaluations data available via Absreports.com, which provides contact, transaction and performance data for the European securitization industry. Under the arrangement, visitors to absreports.com can click on a link to access FT Interactive Data’s FTS desktop portfolio administration tool, which can be used to view more…

FISD Relishes Role in WG11 to Develop Financial Data Model

Delegates at the FISD’s general meeting in Paris late last month heard about the industry group’s significant involvement in International Standards Organization’s Working Group 11, which released a draft consultation paper in early March as the previous edition of Reference Data Review was going to press. Working Group 11 (WG11) of Steering Committee 4 (SC4)…

Sitting Up and Taking Notice

Finally, the world seems to be paying attention to what industry protagonists have been saying about the reference data marketplace for what now seems like quite some time: that reference data is important to your business, no matter what it is. Maybe it’s because the protagonists have become more sophisticated. We were encouraged to hear…

Morgan Stanley Buys Barra for $820 Million

Morgan Stanley plans to acquire Berkeley, Calif.-based risk modeling vendor Barra Inc. and merge it into its Morgan Stanley Capital International (MSCI) index business. Morgan Stanley will pay $41 per share in the cash deal. MSCI, well known in Europe and especially Asia, recently turned its attentions to the U.S. marketplace, where it is seeking…

Tata Consultancy to Join Corporate Actions Benchmarking Event

India’s Tata Consultancy Services will join a selection of corporate actions vendors at a London benchmarking event in June organized by City Compass. The event – pitched as an opportunity to benchmark vendor offerings versus user needs – is scheduled for June 30 at the Merchant Taylors’ Hall, in the City. Other participating vendors include…

Martin Currie to Use ValueLink Pricing Service

Fund manager Martin Currie Investment Management, based in Edinburgh, has signed up to use daily pricing from ValueLink Information Services. The ValueLink data will be used to provide clients with price information while at the same time optimizing the firm’s own pricing operations. Martin Currie cited ValueLink’s stringent validation procedures as a factor in its…

Brewin Consulting, Infoshare Develop Single Client View

Brewin Consulting has teamed up with Infoshare to develop and market Single Client View, a data quality solution aimed at providing a single view across all client and reference data within the financial institution. The solution features a set of rules and meta data used to create a consistent view of data, yielding benefits in…