Data Management Insight Data The latest content from across the platform
Hosted/Managed Services
The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a utility-based approach to reference data management? And if so, how can…
Swift Extends Messaging Services to Support Derivatives Trade Reporting under EMIR
Swift has extended its messaging solutions to support derivatives trade reporting under European Market Infrastructure Regulation (EMIR) that comes into play on February 12. The organisation is offering two solutions, one based on Swift FIN confirmation traffic and the other on Swift FileAct. Recognising the potential for Swift members to reuse their investments in the…
Traiana Embeds Duco Reference Data Reconciliation Technology in CreditLink to Support SEF Trading
Traiana has embedded Duco data matching and reconciliation technology in its CreditLink service to help customers reconcile client reference data when the Commodity Futures Trading Commission’s mandate for electronic trading of swaps on swap execution facilities (SEFs) comes into force in mid-February. The Duco technology uses sophisticated algorithms and fuzzy logic to reconcile reference data…
Regulatory Oversight Committee of the LEI System Endorses a Further Five pre-Local Operating Units
The Regulatory Oversight Committee (ROC) of the global Legal Entity Identifier system (GLEIS) made headway over the holiday season, endorsing a number of pre-Local Operating Units (LOUs) and listing national business registries that have confirmed there are no impediments to entities and pre-LOUs using their information as part of the reference data attached to each…
BNY Mellon Selects Markit for First Phase of Enterprise Data Management
BNY Mellon Asset Management has turned to Markit for an enterprise data management solution that will initially be used to amalgamate, cleanse and validate index data, but could be extended to manage other types of data. The Markit Enterprise Data Management (EDM) platform was chosen after a competitive selection process and a detailed proof of…
Opinion: Dangerous Data
By Philippe Verriest, Director, Euroclear Data is a vital component of our capital markets. Ensure this data is accurate, and you have a solid basis from which to make considered business decisions. Get it wrong and you risk contaminating many parts of the transaction chain. If there is one lesson that the global financial crisis…
Talking Reference Data with Andrew Delaney: To Utility and Beyond!
Another penny has dropped in the onward march toward outsourced enterprise data management. UBS’s decision last month to outsource its securities reference data to iGate, which is using Markit’s Enterprise Data Management (EDM) solution – the former Cadis Software – to manage the data, fulfils a strategic intent to industrialise processes where possible. Perhaps more…
SIX Financial Information Adds Bloomberg Global Identifiers to Data Feeds
SIX Financial Information has incorporated Bloomberg Global Identifiers (BBGIDs) into its Valordata Feed and plans to do the same for its Market Data Feed, a development that adds Bloomberg Open Symbology to more than 30 security identification schemes already supported by the company. BBGIDs are available immediately and at no extra cost within the Valordata…
Interactive Data Offers Ready-to-Test Fatca Data Service
Interactive Data has added its name to the list of market data vendors with reference data offerings designed to meet the compliance requirements of the US Foreign Account Tax Compliance Act (Fatca). It is also talking to third-party software providers about working together to provide complete solutions that could be easier for customers to implement…
ESMA Approves Trade Repositories for EMIR and Sets February Deadline for Derivatives Reporting
The reporting deadline for European Market Infrastructure Regulation (EMIR) has been set for February 12, 2014, following the European Securities and Markets Authority’s (ESMA) approval of four trade repositories for derivatives trading. A request by ESMA to delay the reporting deadline for exchange-traded derivatives by a year has been turned down by the European Commission….