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Trasset International Enters into a Partnership Agreement with StatPro on Risk Management
StatPro Group plc, a provider of portfolio analysis and asset valuation services for the global asset management industry, today announces that Trasset International, an international software solution provider for banks and financial institutions has signed a partnership agreement to integrate the StatPro Risk Service into the Trasset banking platform. Trasset has operations in over 19…
Hana Daetoo Securities Deploys Pricing Partners’ Derivatives Pricing Solutions
Pricing Partners announced today that Hana Daetoo Securities has chosen Pricing Partners’ derivatives pricing solutions, Price-it Excel. Hana Daetoo Securities is the investment banking subsidiary of Hana Financial Group. The agreement was signed through its regional distribution partner Belatos. Hana Daetoo Securities will deploy Pricing Partners’ flagship derivatives pricing engine, Price-it Excel, for its trading…
T+2 = Data Standardisation on the Agenda for Europe
The gradual move towards T+2 settlement in Europe, ahead of the planned launch of the European Central Bank’s (ECB) Target2-Securities (T2S) platform in September 2014, is further raising the profile of data standards in areas such as standing settlement instructions (SSIs), legal entity identification and instrument identification. A recent webinar organised by post-trade specialist Omgeo…
SunGard Snaps up ValueLink Information Services, Morgan Discusses Long Term Integration into Asset Arena
Ever-acquisitive SunGard has snapped up yet another small vendor in its bid to get in on the data quality and validation solution investment action going on within the buy side. Doug Morgan, president of SunGard’s Institutional Asset Management business, explains the details of the ValueLink acquisition to Reference Data Review. Morgan indicates that the discussions between…
Swift’s Janssens on its Bid to be the OFR Supported Legal Entity ID Registration Authority
Swift may have backed away from pushing a reworked version of its Bank Identifier Code (BIC) as a legal entity identifier for the purposes of the US Office of Financial Research (OFR), but that does not mean it is out of the running as a standards issuer in the context of a global reference data…
Broadridge Financial Solutions CEO Calls for Nationwide Effort to Increase Individual Shareholder Voting
In remarks before the National Press Club this morning, the chief executive of the nation’s largest shareholder communications company called on all CEOs to encourage individual shareholders, including employee shareholders, to vote their proxies. “In 2010, just one in 20 individual retail investors voiced their opinions about the companies they invested in by exercising their…
Interactive Data Announces Real-Time Fair Value Information Service
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced the Real-Time Fair Value Information Service. The new service, which will be available in the second quarter of 2011, will provide real-time evaluated prices for more than 15,000 international equities throughout the trading day. These streaming evaluated prices reflect an…
EFAMA’s FPSG Champions Standardisation of Corporate Actions Messaging, Use of ISO Standards for Funds Processing
The European Fund and Asset Management Association’s (EFAMA) Fund Processing Standardisation Group (FPSG) has this month produced a report that charts the progress of standardisation initiatives in the European funds industry, including in the corporate actions space. The association’s working group, which was established in 2007, is positioning itself as a “catalyst for change” by…
SunGard Acquires ValueLink Information Services
SunGard has acquired ValueLink Information Services, a supplier of validated financial data solutions. The acquisition will extend SunGard’s Asset Arena suite of investment management solutions to include robust validation of security pricing and corporate actions data in support of fund valuation and operational reporting processes. The acquisition, the terms of which were not disclosed, is…
Staying Alert
Omgeo is keeping a close eye on developments at Swift, but for now, the standing settlement instruction (SSI) space is one of coexistence rather than competition. Earlier this year, Swift announced that it would be launching a new SSI repository and directory but did not fully elaborate on its ambitions. For now, the network operator…