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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…
XBRL Falls Off the US Regulatory Checklist, What Will This Mean for Data Management?
One of the stranger happenings during the lengthy US reform negotiation process was that a provision to require the use of Extensible Business Reporting Language (XBRL) for financial data reporting was unexpectedly struck from the financial regulation reform bill, which was passed this week. Given that XBRL is being touted as the next big thing…
Is the Leopard Changing its Spots?
Last month saw the approval of the package of proposals that make up the next five year strategic plan for industry network operator Swift, but what has the Brussels-based board approved in Swift 2015 and what does it mean for the industry at large? It’s early days and not much has been said publically about…
Acquisition of SunGard’s Messaging Hub Represents More Commercial Approach to the Market of Swift’s New 2015 Strategy
Swift’s planned acquisition of SunGard’s Ambit Messaging Hub is all part of the financial network operator’s new and recently approved 2015 strategy, which aims to strengthen Swift’s overall commercial approach to the market. The new strategy will see Swift making further “targeted acquisitions” over the course of the next five years, according to Mike Fish,…
Sapient Global Markets Partners with Numerix to Provide Integrated Pricing and Analytic Solutions for the Financial and Commodities Markets
Sapient Global Markets, part of Sapient and a provider of services to today’s institutional financial and commodity markets participants, and Numerix, a provider of cross asset analytics for derivatives valuations and risk management, today announced a global partnership agreement to provide combined capabilities to clients of both organisations. From front office to back, Numerix analytics…
Pricing Partners Becomes the Provider of Derivatives Revaluation for Leading American Investment Bank
Pricing Partners announced today that one of the two leading American investment bank, that wished to remain anonymous, chose its internet derivatives valuation platform Price-it Online to provide independent revaluation for its equity and interest rates derivatives. Eric Benhamou, CEO of Pricing Partners adds: “Becoming the provider of independent valuation for a one of the…