Data Management Insight Data The latest content from across the platform
Numerix Offers Early Solution for Funding Value Adjustment
Numerix has added a universal framework for funding value adjustment (FVA) calculations to the risk module of its CrossAsset pricing and risk analytics suite. The solution is aimed at helping firms calculate accurate FVA and identify the true profit and loss of OTC derivatives operations. The Numerix implementation is among the first to support computation…
The Low Down on ROC’s Rules for the Global LEI System for pre-Local Operating Units, But Gaps Remain
Development of the global legal entity identifier system (GLEIS) took a significant step forward last weekend when the Regulatory Oversight Committee (ROC) of the system published a document specifying the principles and requirements that should be followed by pre-Local Operating Units (LOUs) wanting to take part in the interim GLEIS. The document, initially scheduled for…
Tech Mahindra Details Global Data Utility Based on Acquired UBS Platform
Tech Mahindra, a business process outsourcing specialist and parent of London-based investment management technology consultancy Citisoft, has repositioned a reference data platform acquired from UBS Global Asset Management to offer an offshore reference data utility aimed at meeting market demand for lower cost, high quality data that can reduce risk and increase efficiency. The global…
Wolters Kluwer Expands Portfolio of Regulatory Reporting Solutions
Wolters Kluwer Financial Services is expanding its portfolio of national regulatory reporting solutions through an agreement to acquire Svenson, a software suite dedicated to the Austrian market, from SmartStream. Terms of the deal have not been disclosed, but the acquisition is expected to close this summer and will include the transfer of Svenson’s 15 employees…
LSE Details Go-Live of Pre-LEI as Regulatory Oversight Committee Reviews Global LEI System
The London Stock Exchange (LSE) is planning to go live with the issue of pre-legal entity identifiers (pre-LEIs) called Interim Entity Identifiers (IEIs) on July 31, following its confirmation June 6 as a pre-Local Operating Unit (pre-LOU) under the sponsorship of the UK Financial Conduct Authority. The exchange detailed its plans this week during a…
Datactics Launches Suite of Tools to Address Regulatory and Other Data Management Challenges
Datactics has launched a suite of data management tools aimed at helping financial institutions deal with the raft of regulatory requirements now impacting legal entity and other data types, including the new global Legal Entity Identifier (LEI). Datactics is offering a flexible solution that meets the data management needs of any size of financial institution,…
Aim Software Upgrades Gain to Meet Pricing Needs of Clearstream International
Aim Software has responded to a request from Clearstream International for increased pricing performance and timely price delivery with an upgrade to its Gain data management platform. The upgrade can support daily pricing of over 700,000 records based on 2 million raw prices in less than 20 minutes. Clearstream International, the international central securities depository…
Getting Ahead in Fund Pricing
Faced with greater regulatory scrutiny, increasing workloads, more sophisticated client requirements and continued pressure on costs, fund administrators are heavily challenged to improve their operational efficiency across alternative and traditional funds to keep service quality levels high. With fund managers looking again to create new products, fund administrators are in a unique position to act…
Talking Reference Data with Andrew Delaney: Is Lance Uggla the New Michael Bloomberg?
No, he’s not running to be mayor of New York, as far as we’re aware. But he is leading a company that has pretensions for the No. 1 slot in financial information and infrastructure. That’s our conclusion from recent events at Markit, and the growing swell of talk about what’s to come in the not-too-distant…
Swedbank Robur Extends use of SimCorp Dimension to Cover Solvency II
Swedbank Robur has extended its use of SimCorp Dimension to include the software provider’s Solvency II solution. The asset manager was already using Dimension as its core investment management platform and its choice of the software for Solvency II was a natural move as the platform already includes most of the functionality required to meet…