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EDI and S&P Partner to Launch Financial Corporate Action Data Portal Company
Exchange Data International (EDI) and Standard & Poor’s have banded together to launch a new company aimed at providing financial institutions with corporate action and dividend data for companies listed globally. The new company, which has been dubbed FinDataPortal (FDP), launched in November last year and is aimed at providing low cost access to this…
Counterparty Risk Infrastructure in the Current Market
By Neil McGovern, product strategy director at Sybase History may judge the failure of Lehman Brothers as the event that caused the most changes in financial services institutions in the credit crunch of 2007 to 2009. The failure of an institution that was never meant to fail, especially one such as Lehman, has changed attitudes…
Aim Software and SFB Services4banks Partner for Reference Data Service in Switzerland
Aim Software has entered into a strategic partnership with Swiss?based application service provider (ASP) and outsourcing vendor SFB services4banks to provide the latter’s clients with a central reference data management platform based on Aim Software’s Gain Data Management solution. The two vendors are therefore working together to provide Swiss clients using SunGard’s Ambit Apsys with…
Accuity Tipped to Buy CB.Net for Undisclosed Amount
Payments reference data vendor Accuity has indicated its intention to buy rival vendor CB.Net for an as yet undisclosed amount. According to Accuity, it is currently consulting with its partners and customers concerning the deal, which may put it into a better position in the competitive payments data market. CB.Net’s flagship product BankSearchPlus offers an…
Quantifi Claims 2008 as a Strong Year for Growth with 37% Increase in Clients
Despite the economic downturn, analytics and risk management solutions provider Quantifi experienced what it reckons was significant growth over the course of last year. Rohan Douglas, CEO and founder of the vendor, says that the results are indicative of the increased demand for its credit pricing and risk analytics solutions. “In particular, we witnessed a…
Current Economic Climate is Forcing Buy Side to Re-evaluate Data Management Systems, Says Asset Control
The current financial crisis has had a significant impact on the buy side’s data management practices, according to a recent white paper by Asset Control in partnership with London-based management consultancy Lepus. Martijn Groot, director of market strategy at Asset Control, explains the highlights to Reference Data Review. The white paper, entitled “Establishing Control: Buy-Side…
JPMorgan Agrees to Provide ISDA with CDS Pricing Engine to Increase Transparency
JPMorgan has agreed to hand over its proprietary credit default swap (CDS) pricing engine to the International Swaps and Derivatives Association (ISDA) as an open source platform with a view to improving transparency in the market. It is hoped that this move will deter regulators from stepping in to regulate the sector, which has come…
XSP Moves Corporate Headquarters to Larger Premises
Corporate actions software vendor XSP has moved its corporate headquarters to larger premises in Birmingham, Alabama. According to the vendor, the move is designed to accommodate future growth and bolster client service activities. The vendor says it selected Birmingham because of its position as a banking centre and its local community of technology professionals. XSP’s…
NZX in Discussions to Sell Carbon Registry Business to Markit
New Zealand exchange NZX is currently in discussions with OTC data specialist Markit to sell its wholly owned carbon registry business, TZ1 Registry, to the vendor. According to a spokesperson from Markit, discussions about the sale have been ongoing for four months and the deal is still awaiting formal board approval. TZ1 Registry is the…
Firms are Focused on the Three Rs: Risk, Regulation and ROI, Says GoldenSource’s Raeves
Today’s economic environment has caused financial institutions to go back to basics and focus on the three Rs: risk, regulation and return on investment (ROI), explained Gert Raeves, senior vice president of strategic business development and marketing at GoldenSource, to attendees at the EDM vendor’s recent briefing on risk management. Raeves also discussed the findings…