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SGSS’s De Nexon Highlights Challenge of Moving to the ISO 20022 Messaging Format
The decision to move to the ISO 20022 message format is not being taken lightly by the majority of the financial institutions in the market; Société Générale Securities Services (SGSS) for one is currently weighing up the ability of its clients and counterparties to support the standard and the migration costs involved. Eric De Nexon,…
Euroclear Management Reshuffle Continues, May is Next Out of the Door
International central securities depository (ICSD) Euroclear has certainly had its fair share of people moves this year, with the departure of a number of its Xtrakter subsidiary execs earlier this year and the upcoming addition of ex-BNP Paribas Fortis exec Lieve Mostrey as chief technology and services officer at the start of next month. Following a…
Ex-Reuters Head Bannocks Joins Nomura International as MD in Charge of Ref Data Programmes
After six years at Thomson Reuters, most recently as head of post trade services, Christopher Bannocks has left the vendor to join Japanese firm Nomura’s UK-based Nomura International team as managing director in charge of reference data programmes. Prior to his exit, Bannocks moved from the Enterprise division to the front office focused Sales and…
Aim Software Plans Launch of a New Corporate Actions Scrubbing Module for the Start of 2011
Data management solution vendor Aim Software is planning to launch a scrubbing module for corporate actions in the first quarter of next year, according to Josef Sommeregger, vice president business development and sales at the vendor. The move is a reaction to client demand and also proved a deciding factor in SimCorp’s recent decision to…
Bar Codes for Banking: GS1 US and Financial InterGroup Creating Practices for Identifying Financial Documents
Nearly 40 years after the retail industry adopted the UPC bar code to improve transaction processes and information flow, the bar code’s administrator and a financial industry development firm are working to bring similar gains to financial documents, their associated electronic financial transactions, and their users. GS1 US, the not-for-profit standards organisation that supports the…
Citi to Act as Proving Ground for XBRL Tagging in Corporate Actions Space
Following on from the release of its case study earlier this year, XBRL US has indicated that it is working with global custodian Citi on a pilot programme to prove the benefits of XBRL tagging in the corporate actions space. The pilot is focusing initially on tests on dividend announcements issued by American depository receipts…
Barrage of New Regulation Could Cause Death by Data Drowning, Warns ISMAG’s Gubert
The slew of new regulations entering into force over the next few years, including a new iteration of MiFID, the multiple legislative changes resulting from the Dodd-Frank Act and the Securities Law Directive (to name just a few), will result in such an increase in reporting requirements that firms may find themselves in danger of…
SimCorp’s Schröter Elaborates on Decision to Partner with Aim Software for Data Heavy Lifting
SimCorp’s recently announced decision to partner with data management solution provider Aim Software was based on the desire to better support its clients’ requirements around golden copy record production, explains Marc Schröter, SimCorp’s senior vice president and head of strategic research. Up until now, the vendor has left its clients to deal with the process of…
Interactive Data Names Alex Goor Chief Information Officer
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that Alex Goor has been appointed chief information officer, effective immediately. Mr. Goor, 38, is responsible for development and operations across Interactive Data globally. He is based in New York and reports to Mason Slaine, Interactive Data’s chairman, president…
Pricing Partners Releases the Miri Benhamou Gobet Model
Pricing Partners announced today that it has released the Miri Benhamou Gobet model in its analytics suite, entitled Price-it. The Miri Benhamou Gobet model as explained in seminal publications is a combination of local volatility and jump model. Thanks to its local volatility feature, it can capture and calibrate very effectively smile volatility surface. But…