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DTCC Significantly Increases Securities Covered by Global Corporate Action Validation Service
The Depository Trust & Clearing Corporation (DTCC) announced today that it has significantly increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS). The GCA VS, a service of DTCC Solutions LLC, provides the largest centralised source of “scrubbed” corporate action announcement information for…
Middle Office Cinderella Finally Getting its Day in the Spotlight Due to New Transparency Requirements, Says Op Risk Panel
The new transparency requirements that are being mooted as part of the MiFID review process by the Committee of European Securities Regulators (CESR) have resulted in a surge of interest and investment in the middle office, according to panellists discussing operational risk at last week’s Xtrakter user conference. Godfried De Vidts, director of European Affairs…
Information Mosaic First to Achieve SwiftReady 2010 Certification for Corporate Actions and Securities Settlement
Information Mosaic, the global provider of post-trade automation solutions, is the first organisation to be awarded SwiftReady 2010 Certification for corporate actions and securities settlement. With the industry fast-moving towards ISO 20022 standards, Information Mosaic has already met the requirements of this year’s SwiftReady certification programme well ahead of the November 2010 deadline. “Information Mosaic’s…
Wolters Kluwer Focuses on ADRs, Global Coverage, XBRL and a System Redesign for 2010
Wolters Kluwer Financial Services will be spending a large part of 2010 focused on dealing with the complexities involved in the area of American Depositary Receipts (ADRs), explains Richard Ryndak, senior product manager for Capital Changes at the compliance solution provider. Accommodating changes to withholding tax regimes, work on the XBRL corporate actions project and…
September 2014 is Revised Deadline for T2S; New Directive Poses Potential Threat
As noted by Reference Data Review earlier this year, the launch of the European Central Bank’s (ECB) Target2-Securities (T2S) project has been delayed by at least a year due to a “longer than expected” development phase. Hugh Simpson, senior advisor to the T2S programme from Bourse Consult, told delegates to last week’s Xtrakter user conference that new…
SGX, DTCC Veteran Terry Gibson Joins Fiserv
Fiserv announced today that it has hired Singapore Exchange (SGX) post-trade executive, Terry Gibson, as global head of strategy for Investment Services. In this role, Gibson will lead the international business strategy and product development of the Fiserv institutional and managed account technology portfolio. As senior vice president and head of Product Management at SGX,…
DTCC and Swift Release First Drafts of Corporate Actions Announcement Messages
After a year of collaboration with Swift and XBRL US, the Depository Trust & Clearing Corporation (DTCC) has finally unveiled the first set of drafts of ISO 20022-based corporate action announcement messages, which are part of its corporate actions re-engineering initiative for the US market. According to the vendor, the move away from proprietary message…
PaceMetrics’ Giblin and Boon Talk up the Benefits of a Lean EDM Model
It may have been a quiet start for PaceMetrics in the enterprise data management (EDM) space when it bagged its first EDM client back in 2004, but the vendor is hoping to raise its profile in the space over the course of this year, according to CEO Gerry Giblin and director of global sales and…
Pricing Partners Selected by Société Générale Corporate & Investment Banking to Provide Independent Valuation of its Derivatives
Pricing Partners announced today that its platform Price-it Online has been selected by Société Générale Corporate & Investment Banking to provide independent valuations on their equity, fixed income and credit derivative products. The topic of double valuations on financial derivatives has been of increasing importance in recent times. Eric Benhamou, CEO of Pricing Partners comments:…
FISD Launches Financial Information Associate Certification
The Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) announces the launch of its new “Financial Information Associate” certification – the very first offering of its kind in this industry sector and the first to come out of the FISD Professional Certification program. As of May 2010, early adopters from…