Data Management Insight Data The latest content from across the platform
Union Bank Live on Broadridge’s International Proxy Processing Services To Manage Its International Proxy Business
Broadridge Financial Solutions, today announced that Union Bank has commenced live operations on Broadridge’s Global Proxy processing solution across its Institutional Trust & Custody Services group. Union Bank, already a user of Broadridge’s domestic proxy processing services in the US, is now using Broadridge’s Global Proxy outsourcing solution for international proxy management. Union Bank’s institutional…
SmartCo Partners with CounterpartyLink and Delivers New Entity Data Connector
SmartCo, a data management software company which specialises in the financial sector, and CounterpartyLink, a specialist information provider in the research, maintenance and distribution of global issuer, client and counterparty data for compliance and risk management purposes, have announced the integration of CounterpartyLink data into SmartCo DataHub. CounterpartyLink’s legal entity data is used globally by…
GFI Group Announces Woori Investments & Securities Licenses GFI Fenics Professional
GFI Group announced today that Woori Investments & Securities (Woori I&S), a pioneer in the Korean domestic securities market, has licensed Fenics Professional, a pricing and risk management system for foreign exchange options. The agreement allows Woori I&S to use Fenics Professional for pricing, analysis and structuring of FX options, including exotic options. Woori I&S…
BNY Mellon Alternative Investment Services Announces New Price Verification and Asset Validation Service for Hedge Funds
BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund’s position records to third parties – prime brokers, custodians, trustees and agent banks – and independently verifies the pricing of that fund’s securities. The new service provides fund managers and their investors with greater transparency and additional assurance that fund…
CESR Agrees with EFRAG Response to IASB Proposals: In Need of Serious Revision
Following its discussions earlier this year with the European Financial Reporting Advisory Group (EFRAG) around the International Accounting Standards Board’s (IASB) revisions of global accounting rules, the Committee of European Securities Regulators (CESR) has yet again stepped in to the fray to identify its own position on the changes. CESR states that it is in…
Morningstar to Acquire Chicago-based Logical Information Machines
Morningstar, a provider of independent investment research, today announced it has entered into a definitive agreement to acquire Logical Information Machines, (LIM), a provider of data and analytics for the energy, financial, and agriculture sectors, for US$51.5 million, subject to post-closing adjustments. LIM had revenue of approximately US$20 million for the last 12 months. The…
Wells Fargo Chooses SimCorp Dimension
SimCorp has announced that Wells Fargo Bank, a subsidiary of Wells Fargo & Co, which is the fourth largest financial services company in the United States by assets, has extended its usage of SimCorp Dimension. With Wells Fargo & Co’s acquisition of Wachovia Corporation in 2008, Wells Fargo was already benefitting from the installation of…
SunGard Enhances FastVal Independent Valuation Service
SunGard has released a new version of FastVal, its independent valuation service for vanilla cash and complex structured products and OTC derivatives. SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation, as well as enhanced Greeks, greater functionality in the running of intraday valuations, and…
Pricing Partners and Belatos Limited Team Up for Broad Distribution of Price-it Solution Suites in Asia
Pricing Partners has established a distribution agreement with a new partner, Belatos Limited. The distributor will deliver Pricing Partners’ full solution suites throughout the entire Asia Pacific region. First line support will be provided out of Belatos’ Hong Kong office. The promising Asian market is growing at a high rate. Independent valuation services and tools…
Costs and Corporate Actions Top the List of Concerns for Aim Software and Interactive Data Survey Respondents
The high cost involved in the processing of reference data is the main driver this year behind investment in technology in the data management space, according to the results of 2009’s annual survey by Aim Software and Interactive Data. This focus is unsurprising, given the intense budget cutting that has been characteristic of the post-crisis…