Data Management Insight Data The latest content from across the platform
ECB Has Potential to Deliver Issuer Prospectus Data Direct to Market, Suggests ECB’s Gross
Rather than going through a complex chain of interpretation by data vendors and internal processes, prospectus data should be made available in an electronic format directly to the market, suggested Francis Gross, head of the external statistics division at the European Central Bank (ECB). “This would require drastic changes to the current prospectus process and…
Keeping a Team Onshore to Monitor Data Quality is Key, Agrees Offshoring and Outsourcing Panel
Institutions should keep a small team of data experts on board in order to adequately monitor that service level agreements are being met by outsourcing providers and data requirements are being catered to by offshore teams, agreed FIMA 2008’s panel on offshoring and outsourcing. Susan Outzen, business relationship manager in the enterprise data management (EDM)…
Netik’s Hale Says Fear Rather Than Greed Driving Institutions to Invest in Data Management
Keith Hale, executive vice president and co-founder of Netik, opened the second day of FIMA 2008 by quoting Warren Buffet in a data management context: “Financial markets are either driven by greed or fear, according to Warren Buffet, and it seems that recent times have flipped the driver from greed to fear. This fear is…
Alvarez Moves from Asset Control to Interactive Data Reference Data Role
Interactive Data has brought on board Marc Alvarez to oversee reference data infrastructure for its Pricing and Reference Data business. Alvarez joins after a stint at Asset Control, which he joined when that company bought Tap Solutions in April 2007. In his new role as senior director Alvarez will be responsible for the utilization and…
NumeriX Develops Data Adapter for Fitch Solutions Consensus Pricing Data
Fitch Solutions has established a partnership with NumeriX, under which NumeriX will launch a new data adapter that supports Fitch Solutions consensus pricing data for corporate, sovereign, loan and asset backed credit derivatives, as well as credit default swap (CDS) indices information. Steven O’Hanlon, president and chief operating officer of NumeriX, explains the benefits for…
Technology Will Help the Financial Services Market to Heal, Says TowerGroup
Originally appeared in MiFID Monitor Although the market is experiencing a period of significant turmoil, financial institutions that embrace new business models and invest selectively in technology innovation will survive the crisis, according to a recent report by TowerGroup. The report, “A Bumpy Flight, Landing, and Takeoff for the Financial Services Industry”, indicates that risk…
ValueLink Integrates Adept Solution into PriceValidation and CounterpartyCollection Services
ValueLink has integrated its Automated Data Extraction Processing Tool (Adept), which automates the processing and validation of OTC counterparty data and fund data, into its PriceValidation and CounterpartyCollection services. According to the vendor, Adept automates the whole process from receipt of data to data upload, including exception notification. Adept was developed as a solution to…
WestLB Goes Live with Asset Control’s AC Plus to Extend Instrument Coverage
German headquartered bank WestLB has gone live with Asset Control’s AC Plus financial and reference data management software to support its back office operations and day to day user requirements across its businesses worldwide. According to the vendor, WestLB required a solution that would enhance data quality and breadth of instrument coverage. Accordingly, Asset Control’s…
Central Utility for Reference Data is Desirable but Not a Realistic Goal by Next Year, Say RDR Readers
According to the results of our latest reader poll, the majority of you believe that a central utility for reference data is a desirable addition to the market. Over half of respondents, at 52%, indicated a central utility is needed, but said that it is not a realistic goal for next year. This should be…
Institutions Must Keep a Close Watch on Their Vendors, Says Credit Suisse’s Largier
Financial institutions need to be proactive in the management of their vendor relationships, said Peter Largier, global head of reference data analysis and projects at Credit Suisse. “You need to professionally evaluate the service you are getting from your data vendors,” he told delegates to FIMA 2008. Largier focused his session on how to get…