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Deceval Appointed as NNA for Colombia for ISIN and CFI Codes
The Colombian central securities depository (CSD) Deposito Centralizado de Valores de Colombia (Deceval) has been appointed as the national numbering agency for the country, according to a recent letter from the CSD’s CEO Jorge Hernan Jaramillo Ossa. Deceval will therefore be responsible for allocating six character Classification of Financial Instrument (CFI) codes and 12 character…
CEBS Produces Advisory Paper on Liquidity Cost Benefit Allocation to Support New Risk Requirements
In order to assist the European financial services community in its attempts to improve liquidity risk management, the Committee of European Banking Supervisors (CEBS) has published a new consultation paper on how to go about producing an effective allocation mechanism for liquidity costs, benefits and risks, CP36. The recommendations are aimed at providing firms with…
Voras Capital Management Selects Sophis Value as Technology Backbone for Newly Launched Hedge Fund
Sophis, a provider of cross asset, front to back portfolio and risk management solutions, today announced that Voras Capital Management, a recently launched global hedge fund, has licensed Sophis Value for front to back office portfolio and risk management for its global trading operations. The system will support its planned strategy of investing in a…
Industry is Experiencing Second Wave of Outsourcing, Says Netik’s Close
The regulatory scrutiny of data quality is driving firms to join in with the second wave of outsourcing that is sweeping the market, according to Colin Close, CEO of hosted data management solution vendor Netik. Close reckons that firms should not wait for standards to be set, either by the regulator or bodies such as…
DST Global Solutions’ Harries Discusses His New Risk Management and OTC Derivatives Focused Role
Following the appointment of Geoff Harries as the new global head of asset servicing for its Investment Management Solutions (IMS) business earlier this month, DST Global Solutions is hoping that the ex-Fiserv exec will bring his experience to bear on his new OTC derivatives and risk management focused role. Harries speaks to Reference Data Review 20 days…
Broadridge Upgrades UK Nominations and Voting Service
Broadridge Financial Solutions today announced that, following the success of the launch of its UK Nominations & Voting Service in 2007, Broadridge has added new features to the service to further enhance its offering to retail brokers. The UK Nominations and Voting Service was created by Broadridge in response to changes put in place by…
Data Management Could Learn from Performance Measurement Standardisation, Suggests Robeco’s Reiners
The data management community could potentially learn a lot about standardisation from the world of performance measurement, suggested Corné Reiners, head of both FSC performance measurement and data management at Robeco Asset Management, to delegates to TSAM in London this week. A lot of cooperation has been achieved within the area of performance measurement between…
Schroders’ Walsh and MoneyMate’s Brennan Discuss Collaboration for Data Quality Improvement
Since its decision to sign up for the MoneyMate investment data management solution in October last year, Schroders has been working closely with the vendor to control the aggregation and cleansing of their product information for presentation on websites. Gerard Walsh, head of change management for the web and customer relationship management (CRM) at Schroders,…
EDM Market Experiencing a Strong Start to the Year, Says Asset Control’s Enfield
Since the launch of its AC Invest solution in October last year, the enterprise data management (EDM) solution vendor has witnessed an uptick in client interest in its new compliance focused offering, according to Rick Enfield, product business owner of the vendor’s AC Plus solution. The shift from approaching data management as a technology problem…
SIX Telekurs’ 2009 Results Confirm Reference Data Biz Remains Bright Spot
Following on from the relatively robust performance of rival Thomson Reuters’ Enterprise division and Interactive Data’s overall performance last year, SIX Telekurs has added to the optimism in the reference data market with the announcement of a 2009 revenue increase of 1.8% on previous year’s figures for the reference data and valuations part of its…