Data Management Insight Data The latest content from across the platform
Markit to Provide Post-trade Processing Services for OTC Derivatives for Northern Trust
Northern Trust has signed up for Markit to provide it with post-trade processing services for its OTC derivatives when the implementation is completed in the second and third quarter this year. Custody and investment outsourcing operations clients of the bank will therefore have access to the new capabilities, which include reconciliation and confirmation services, via…
Accuity Launches New Version of IBAN Validation and Conversion Tool
Payments reference data vendor Accuity has launched a new version of its online international bank account number (IBAN) validation and conversion tool. Version 2.2 of IBAN Payment Resource features account number decryption and basic bank account number (BBAN) to IBAN conversion, explains Malcolm Taylor, managing director for EMEA and APAC for the vendor. The new…
PolarLake Adds Grid Computing Capabilities to RDD Platform
PolarLake had added grid computing capabilities to its Reference Data Distribution (RDD) platform in order to increase its scalability for downstream uses. John Randles, CEO of the vendor, explains that the enhancements have been added to PolarLake RDD to allow firms’ enterprise data management (EDM) platforms to support more than two or three downstream systems….
AGFN to Offer SIX Telekurs Data to Eastern Europe, Greece and Cyprus
AG-Financial Network (AGFN) and SIX Telekurs have signed a partnership agreement, under which AGFN will offer SIX Telekurs’ financial market data to the markets in Eastern Europe, Greece and Cyprus. Adriano Bazzi, head of SIX Telekurs for Italy and Southern Europe, explains that the vendor hopes AGFN’s local presence and market knowledge will allow it…
Broadridge Financial Solutions Buys Access Data Corporation for Undisclosed Amount
Broadridge Financial Solutions has acquired Pittsburgh-based enterprise-wide reporting and data management solution vendor Access Data Corporation, with a view to strategically expanding its investor communications hub, data aggregation and data management solutions. Gerard Scavelli, president of mutual fund solutions at Broadridge, says the main draw for the vendor was the smaller vendor’s technology platform, SalesVision….
Numerix and Lumina Americas Team up for Pricing and Risk Management Offering
Numerix, an analytics provider for the structuring, pricing and valuation of derivatives and structured products, has signed a partnership agreement with regional consulting and technology services firm Lumina Americas to combine their respective offerings. Under the agreement, Lumina, which services the Latin American and Spanish markets, will offer Numerix’s suite of pricing models and risk…
IASB Indicates Will Expedite Overhaul of IAS39 in Line with EU Government Requests
Following complaints by European Union finance ministers about a disparity between accounting standards in the region and the US, the International Accounting Standards Board (IASB) has indicated that it will speed up the decision making process with regards to altering the rules in question. The IASB had originally planned a revision of IAS39 to be…
High Levels of Market Volatility Have Driven Increased Requests for Valuations Services, Says Interactive Data
The unprecedented levels of volatility in the current market have resulted in an increase in the requirements for valuations services, according to Rob Haddad, director of Interactive Data’s Evaluated Services business. Speaking during the vendor’s recent webcast, “Impact of volatile markets on fair valuation of international funds”, Haddad indicated that funds are invoking fair value…
Unnamed European Bank Selects PolarLake for Data Integration Project
The capital markets division of an unnamed European bank has selected reference data distribution solution vendor PolarLake to lead its data integration project. According to John Randles, CEO of the vendor, the project will involve the integration of multiple data streams and data types including trade, position, pricing and reference data into a group-wide financial…
Transparency, Granularity of Data and Coverage are Key Issues in Current Market, Says Valuations Vendor Community
The financial crisis has resulted in a flurry of activity in the valuations vendor community to take into account the market requirements for increased transparency and greater granularity of data, agreed speakers at last month’s Valuation and Risk 2009 conference in London. Ian Blance, industry consultant and conference chair, told delegates that it is no…