Data Management Insight Data The latest content from across the platform
Interactive Data Experienced Strong Growth in Q4 2008, Says Exiting CEO Clark
Despite the downturn in the markets, it seems that Interactive Data had a good end to 2008 in terms of financial results. The data vendor’s fourth quarter results for last year indicate that its revenue was up 6.6% on previous year’s figures to US$194.1 million from US$182.1 million in the fourth quarter of 2007. “Despite…
American Bankers Association Concerned FASB is Ignoring Underlying Issues with Mark to Market
Following the announcement by the Financial Accounting Standards Board (FASB) earlier in the month that it would be revisiting mark to market accounting standards, the American Bankers Association (ABA) has spoken up about some concerns it has about the FASB approach. The association feels that issues underlying the controversial accounting rules are not being taken…
ISITC Working Group Releases Reference Data Best Practices for SSIs
The International Securities Association for Institutional Trade Communication (ISITC) market practice group on reference data has released a set of new market practices, which it says will be up for discussion at its next industry forum in March. The focus of the new recommendations is on custodian and broker standing settlement instructions (SSI) data and…
Fincad Upgrades Analytics Suite with Extended Asset Class Coverage
Fincad has launched a new version of its Analytics Suite for 2009, with extended asset class coverage of structured products including trigger swaps, Brazilian FRNs, Altiplano options and snowrange instruments. The vendor says the upgrade is aimed at meeting the valuations and risk analytics needs of financial institutions in the current financial environment. Fincad Analytics…
Daiwa Securities’ Next Focus for Data Quality Measurement is on Derivatives, Says Pampathi
Following the establishment of its data quality measurement framework last year, Daiwa Securities is now looking to expand its data management functions to the area of derivatives, explained Vinay Pampathi, executive director of the firm’s technology division, to delegates to last week’s Marcus Evans Reference Data conference. “Over the next six months we will be…
Reference Data Management to Witness “Winds of Change” Over Next 12 Months, Says Deutsche’s Sean Taylor
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference last week. Taylor, who was chairing the event, indicated that increased regulatory scrutiny…
Dealogic Selects CounterpartyLink to Provide Legal Entity Data for Next 3 Years
Workflow and analytics solution provider Dealogic has selected CounterpartyLink to provide it with legal entity data in order to ensure that the vendor and its clients have access to a single and unique view of each legal entity that is being processed between the parties. The vendor opted to sign the three year agreement with…
Two Unnamed Banks Sign up for UnaVista’s Trading Data and Sedol Masterfile Capabilities
Two unnamed banks have signed up this month for access to the London Stock Exchange’s upgraded web-based matching reconciliation and data integration service, UnaVista. One bank has opted to used the service for suspicious trading activity monitoring, whereas the other is looking to LSE’s Sedol Masterfile for securities reference data checking. The service, which was…
RiskVal Integrates Markit Pricing and Reference Data into Credit-X
Fixed income trading and risk management system vendor RiskVal has integrated Markit’s industry standard pricing and reference data into its Credit-X trading platform. Jordan Hu, CEO of RiskVal, explains that the integration of Markit’s data onto the platform is aimed at simplifying the investment management process for credit instruments. The alliance is aimed at creating…
Financial InterGroup Advisors Calls for Establishment of Central Counterparty for Data Management
The lack of a standardised source for reference data is at the heart of the problems surrounding European clearing and settlement, according to strategic advisory firm Financial InterGroup. The comments come in response to the request by the Committee of European Securities Regulators (CESR) to provide feedback on its consultation paper on recommendations for securities…