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Swift’s Vandenreydt Elaborates on the Three Pillars of its Reference Data Strategy
Swift has broken its reference data strategy down into three main pillars: its response to the Sifma led, Office of Financial Research (OFR) sanctioned working group focused on developing a new legal entity identification (LEI) standard; its payments reference data efforts; and its (rather nebulous at the moment) securities reference data strategy. Fabian Vandenreydt, Swift’s…
XSP Enters Into Alliance with DTCC and Signs Certified Partner Agreement for Global Corporate Actions Validation Service
XSP, the global leader in automated end-to-end corporate actions solutions, announced that it has signed a Certified Software Partner agreement with DTCC Solutions. XSP and DTCC have enjoyed a longstanding relationship offering their mutual clients solutions that reduce the risks and costs associated with this highly-complex process and this new DTCC certification program will ensure…
Leading Global Custodian Banks Think Custodians Should Be More Involved In The Settlement And Account Instruction Process, According To New Survey
Despite a heightened focus on risk management and increased levels of automation within custodian banks worldwide, the settlement and account instruction (SI) process still relies heavily on manual processes, introducing risks and costs into the trade lifecycle, according to research by Omgeo, the global standard for post-trade efficiency. The survey, conducted by Omgeo in July…
SmartStream Announces TLM Corporate Actions Event Management On Demand, Delivering Enhanced Event Automation as a Service
SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of a new service, TLM Corporate Actions Event Management On Demand, delivering enhanced event management through the Software as a Service (SaaS) model. TLM Corporate Actions Event Management On Demand delivers the proven event management capabilities of SmartStream’s TLM Corporate Actions solution as a…
RBC’s Sutton to Join Ex-Citi Colleague Berlanger at Deutsche Bank
After two years as Royal Bank of Canada (RBC) Capital Markets’ global head of customer accounts, Julia Sutton is set to head to Deutsche Bank in October as its new head of client reference data. Sutton, who will be speaking at A-Team’s Data Management for Risk, Analytics and Valuations conference in London on 17 October,…
IMA Highlights Danger of Systemic Risk Data Overload in AIFMD Response
In its response to the European Securities and Markets Authority’s (ESMA) consultation on the Alternative Investment Fund Management Directive (AIFMD), the UK’s Investment Management Association (IMA) highlights the danger of overloading regulators with too much data for the purposes of systemic risk monitoring. IMA director Julie Patterson indicates that under the directive as it currently…
Pricing Partners Adds a Stochastic Rating Model to its Financial Library
Pricing Partners announced today that it added a stochastic rating model to its Price-it derivatives pricing library that enables to price ratings linked products. Euro Medium Term Notes based on Rating have become more popular as ratings play a central role in the financial world and are easily understandable for investors. A typical structure is…
A Blueprint for a European Consolidated Tape – Data Consolidation is a Top Priority for EFAMA under MiFID II
The European Fund and Asset Management Association (EFAMA) published today a Blueprint for a European Consolidated Tape intended to permit greater certainty amongst investors as to prices, best execution, valuation and performance measurement, leading to further reductions in direct and indirect costs of trading for investors. The liberalisation of trading venue regulation under MiFID has…
Broadridge and InGovern Announce Alliance for Sales and Distribution of Proxy Research and Vote Recommendations for Listed Companies in India
Broadridge Financial Solutions, and InGovern Research Services today jointly announced an alliance for the sale and distribution of InGovern’s proxy research and vote recommendations for listed Indian companies through Broadridge’s ProxyEdge voting platform. This will immediately allow institutional investors, who are current users of the ProxyEdge platform, access to insights on governance of listed companies…
Increased Sophistication of Triggering Strategies Being Applied for Fair Value Within Mutual Funds
Interactive Data’s recent survey indicates that its mutual fund clients are using increasingly sophisticated triggering strategies to determine whether to apply fair value methodologies to their global equities. Reference Data Review speaks to Rob Haddad, director of Evaluated Services at the data vendor, about the trend towards multiple benchmarks and trigger levels and the increased use of…