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LakeFront Data is Back in the Same Portfolio as RDF Again, Following Acquisition by First Derivatives
In January last year, New York-based reference data management solution vendor Reference Data Factory (RDF) was demerged from Toronto-based consulting firm LakeFront Data Ventures, but following its acquisition by RDF’s new owner First Derivatives this week, the firms are now back together again. The firms originally demerged to avoid what former president and CEO of…
Silver Lake and Warburg Pincus Complete Interactive Data Acquisition, Watch This Space for Strategic Restructuring…
Following three months of crossing Ts and dotting Is, private equity firms Silver Lake and Warburg Pincus have finally completed their acquisition of data vendor Interactive Data. As per the terms agreed back in May and within the third quarter deadline that was set, the vendor’s stock will cease to be traded on NYSE and…
Thomson Reuters’ Enterprise Division Experiences 4% Increase in Revenue for Second Quarter, Bright Spot in Overall Decline
The fortunes of data giant Thomson Reuters’ Enterprise division seem to be continuing to shine as the vendor’s bright spot for revenue growth this year. Last quarter, the division’s revenue increased 3% on the previous year’s figures for the first quarter and, this quarter, the division experienced a 4% revenue growth on the revenues for the…
Principia Deploys Web Platform for Independent Valuation and Risk Surveillance of Investments and Derivatives
Principia Partners, a provider of software for the management and administration of structured finance investments today launched a software as a service (SaaS) version of Principia SFP. The valuation, investment analysis and risk surveillance platform is now accessible as an integrated web-based service to manage vanilla and structured derivatives, as well fixed income and structured…
Cusip Global Services Plans Q4 Launch for Hedge Fund Identifiers, Focuses on Building up New Offerings
Following the announcement back in June last year that it would be teaming up with HedgeFund.net to develop entity identifiers for the hedge fund community, Cusip Global Services (CGS) has said that it is planning the launch of its Cusip for hedge funds service for the fourth quarter of this year. Darren Purcell, director of…
Opinion: Comply or Compete? Data Governance Delivers the Balance
By Norbert Boon, global head of solutions at PaceMetrics While the liquidity requirements of the impending Basel III financial reform have been pared back, the regulatory reporting demands on banks remain a vast challenge – especially in terms of data management. In this article, Norbert Boon, global head of solutions at PaceMetrics, looks at how…
Quantifi Releases Version 9.4 to Address Market, Operational and Regulatory Changes
Quantifi, a provider of analytics, trading and risk management solutions to the global capital markets, today announced the release of the latest version of its pricing and risk analysis software. Version 9.4 (V9.4) includes several groundbreaking new features. Rohan Douglas, CEO of Quantifi, says, “With the passage of the Dodd-Frank bill in the US and…
DTCC Releases First Drafts of ISO 20022 Corporate Actions Lifecycle Messages, Kirby Urges Firms to Provide Input
Following on from the release of its business case for the introduction of XBRL to the world of corporate actions last month, the Depository Trust & Clearing Corporation (DTCC) has finally released the first set of drafts for its new corporate actions messages, which are based on the ISO 20022 standard. The work is all…
Fitch Solutions Appoints BNY Mellon’s Smith to Head its Research Services Group and Boost US Presence
As part of its wider push into the world of financial data services, Fitch Solutions has added ex-BNY Mellon fixed income head Neil Smith to lead the efforts of its Research Services group. Smith, who joins as managing director of the group, will be based in New York and report to Fitch Solutions head Thomas…
DTCC Releases New ISO Messages to Help Automate Corporate Actions Processing
The Depository Trust & Clearing Corporation (DTCC) today announced the release for public comment of the first drafts of its new corporate actions messages to support the processing of the entire lifecycle of a corporate action including entitlements, elections and payments. In 2009, DTCC processed more than US$3 trillion in corporate actions, and the release…