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SWIFT Launches SSI Initiatives to Reduce Settlement Errors and Increase Automation
SWIFT, the financial messaging provider for more than 9,500 financial institutions and corporations in 209 countries, today announced the roll-out of a range of new initiatives designed to reduce costly settlement errors and improve the rates of automation of Standing Settlement Instructions (SSIs). SWIFT’s initiatives are a response to the industry need for greater efficiency…
HSBC Live on Broadridge’s SWIFT MX Proxy Voting Message Service
Broadridge Financial Solutions, Inc. today announced that HSBC is the first live operational user of the new SWIFT MX Proxy Voting Messaging Suite using Broadridge’s global proxy processing solution. The SWIFT messages, based on the latest ISO 20022 messaging standard, are a new generation of SWIFT-based communications designed to increase processing efficiency throughout the proxy…
Hauck & Aufhäuser Investment Gesellschaft S.A. in Luxembourg Goes Live with Profidata’s XENTIS
n December 2010, Hauck & Aufhäuser Investment Gesellschaft S.A. (HAIG) in Luxembourg successfully went live with XENTIS, the fully integrated Investment Management System of the Swiss software provider Profidata, to support their sophisticated Fund Accounting needs. The implementation project started in February 2010, and by August, the first funds were migrated from the legacy system…
BNY Mellon Asset Servicing Launches New Fair Value Pricing Offering
BNY Mellon Asset Servicing has announced the launch of its new Fair Value Pricing offering, allowing clients to undertake a revaluation of equity and futures positions in markets that have closed prior to the valuation point of the fund. Principal benefits include: • More accurate asset valuation and hence a more accurate fund NAV •…
Swift’s Recently Promoted Vandenreydt Calls for Global Coordination of Legal Entity ID Standards
Following its recent submission to the US Office of Financial Research (OFR) on the subject of legal entity identification, Swift’s Fabian Vandenreydt speaks to Reference Data Review about why he feels Europe and the US are on the same page with regards to standardisation of this space. Vandenreydt, who was recently promoted to head of Securities and…
Interactive Data to Provide Evaluations for US Residential Whole Loans
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it will offer a new evaluations service for US whole loans (non-securitised residential mortgage loans). This service is expected to be available in the second quarter of this year. The new evaluations service can help financial institutions with the…
UPDATED: A-Team’s Comprehensive Guide to the Legal Entity ID Feedback to the OFR
The start of this week saw the passing of deadline for feedback to the Office of Financial Research on the subject of legal entity identification and it appears that a number of recurring themes crop up in the 30 different responses (updated entries included) submitted by various industry associations, including concerns about the tight timelines impacting…
Quantifi Announces 2010 Success in New Markets
Quantifi, a leading provider of analytics, trading and risk management solutions for the global capital markets, today announced that 2010 was a positive year for the firm as a result of its success in new markets, innovative product launches and industry recognition. “2010 was a busy and exciting year for Quantifi with significant new product…
ISO Standards for Legal Entity Data are More Important Than Those for Corporate Actions, Says PaceMetrics’ Giblin
The development of ISO standards for legal entity data should be prioritised over the push to get the industry to adopt ISO 20022 within the corporate actions world, according to Gerry Giblin, CEO of EDM vendor PaceMetrics. In the fifth in our series of talking heads on the challenges surrounding entity data management in the…
Troika Dialog Boosts its OTC Derivatives Products with SuperDerivatives
Troika Dialog, the largest private investment bank in Russia, has announced that it has selected SDX from SuperDerivatives (SD), the global derivatives benchmark and leading multi-asset front office system, to power its FX derivatives business. SD is the market’s benchmark system for emerging markets derivatives pricing and data. SDX delivers exceptional accuracy by using a…