Data Management Insight Data The latest content from across the platform
SimCorp and AIM Software Partner to Provide Cleansed Data
SimCorp, a provider of highly specialised software for the investment industry, and AIM Software, a provider of financial data management solutions, have entered into a global collaborative agreement. The agreement enables SimCorp to provide AIM Software’s GAIN Data Management software to its clients, in conjunction with SimCorp Dimension, SimCorp’s seamless investment management solution. GAIN Data…
Broadridge to Expand its Business Process Outsourcing Services
Broadridge Financial Solutions, a technology services and outsourcing company to the global financial services industry, today announced a major expansion of its outsourcing solutions offering. In response to market demand, Broadridge has extended its business process outsourcing (BPO) services beyond securities processing functions and, in order to offer greater flexibility to global financial institutions, now…
WestLB Selects Quantifi’s Cutting Edge Credit Valuation Adjustment Pricing Tool
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced that WestLB, a European commercial bank, has selected Quantifi’s next generation Credit Valuation Adjustment (CVA) pricing tool, Quantifi CVA. Being able to correctly price and manage counterparty risk is a key priority for financial institutions as they look…
Hedge Fund CQS Selects OTC Valuations to Deliver Valuation Reports
Following OTC Valuations’ (OTC Val) acquisition by Tullett Prebon earlier this year, OTC Val has been selected by leading hedge fund CQS, to provide monthly independent valuation reports for their complex structured credit portfolio. Shaun Brick, head of product control at CQS, commented: “As part of CQS’s continuing process of enhancing control and pricing accuracy…
ECB Indicates Preliminary Price of 13 Cents Per Instruction for T2S Settlement with 30 CSDs on Board
The European Central Bank (ECB) has released its preliminary price estimates for settlement on its Target2-Securities (T2S) settlement system, due to be launched in September 2014, which indicate that if all 30 European central securities depositories (CSDs) join, settlement could be as low as 13 cents per settlement instruction. This will therefore essentially split the…
StatPro Evaluated Pricing Service Selected by BofA Merrill Lynch Global Research
StatPro, a global provider of portfolio analysis software and asset valuations, today announced that it will become the primary independent provider of evaluated pricing for BofA Merrill Lynch Global Research Bond Indices for Canada, Mexico and Brazil. StatPro’s fixed income methodologies incorporate bond terms and conditions, proprietary pricing models and real-time quotes from contributing dealers….
QuIC’s Record Growth Spurs Move to Larger UK Office
QuIC Financial Technologies, a risk management, pricing and analytic solutions vendor, has today announced the relocation of the company’s London office to a larger facility at the historic old Stock Exchange Building, situated at 125 Old Broad Street. The move enables QuIC to support the increasing global demand for its risk management solutions, and the…
DTCC Opts for Ex-Morgan Stanley Exec Garrison to Head up Technology Development
To support its ambitions to set itself up as utility provider and to ensure that it stays ahead of the technology development curve, the Depository Trust & Clearing Corporation (DTCC) has recruited ex-Morgan Stanley managing director Robert Garrison to head up its IT division. Garrison will join as chief development officer for the division in…
Heads Will Roll
The sobering news this month that a number of financial services firms are already planning to (or likely to be compelled to) drastically reduce their headcounts in the back office could spell trouble for the data management job market, but good news for the vendor community. The profile of the data cause may have risen…
IMF Publishes Possible Revisions to its Data Quality Assessment Framework
Given the regulatory community’s crackdown on data quality across the financial services industry, the International Monetary Fund’s (IMF) recently published paper on the improvement of its data quality assessment framework indicators is judiciously timed. In the paper, the IMF’s statistics department suggests improvements to its current set of metrics against which to measure the quality,…