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JPMorgan to Roll Out New Corporate Actions Reporting
JPMorgan Worldwide Securities Services has completed a pilot of Announcement Capture, a new service which captures global corporate actions announcements from multiple sources and generates a “golden record” for client reporting purposes. Announcement Capture is part of JPMorgan’s global STP programme to standardise, consolidate and deliver timely, comprehensive and accurate corporate actions announcement information to…
BNY Mellon Asset Servicing Improves Corporate Actions Risk Management Service
BNY Mellon Asset Servicing has enhanced its Corporate Actions Online Services offering with the launch of a new global web-based notification and response system. The upgrade – available via BNY Mellon Asset Servicing’s web-based information delivery and transaction platform – is designed to give clients greater flexibility for managing corporate events, such as tender offers, conversions, mergers,…
Globalisation Makes Life Harder for Corporate Actions Processors, Sibos Panellists Say
Despite the efforts of industry groups and standardisers in recent years, the job of processing corporate actions is getting harder, not easier. Greater levels of international investment and the growing complexity of the products in which clients are investing are key reasons for this, suggested Justin Chapman, senior vice president at Northern Trust, during a…
New PolarLake Apps Offer Insight Into Downstream Data Quality
Dublin-based integration vendor PolarLake is touting a suite of business intelligence applications it says are complementary to its reference data distribution application, PolarLake RDD (Reference Data Review, March 2007). According to the vendor’s CEO John Randles, these applications are designed “to give the business confidence in the integrity of data to downstream systems”. PolarLake’s Data…
Reuters Will Leverage RMDS Installed Base, Software Partners, to Secure Growth of New EDM Platform
Reuters has set some aggressive growth targets for the Reuters Enterprise Platform (REP) – launched officially at Sibos in Boston earlier this month, and envisaged as a complete enterprise data management solution. According to Gary Barr, its global head of EDM, one client is live already, and a second is expected to be live by the…
Interactive Data Restructures in a Bid to Meet Demand for Cross-Enterprise Data Solutions
Interactive Data’s recent restructuring is designed to enable it to “walk the talk” of its “one company” image, according to Ray D’Arcy, its president of sales and marketing, under whom the previously separate Pricing and Reference Data and Real-Time Services sales, client relationship management and client service organisations will now be unified. “Our company has…
Brandes Investment Partners Licenses XSP
Brandes Investment Partners, a global investment advisory firm with $125 billion in assets under management, has licensed the XSP solution for global corporate actions processing.
Quantifi Selected by III Associates for Valuations
Hedge fund manager III Associates has integrated the Quantifi Toolkit into its systems for end-of-day valuations of its structured credit portfolios. Quantifi Toolkit is a model library for structured credit pricing and risk analysis and contains a full suite of market tested and validated models. Coverage includes credit derivatives products and bespoke structures including: CDS,…
Live Launch of ISO 20022 Proxy Voting Messages Set for December
Swift is gearing Swift is gearing up for the live launch of its ISO 20022-based proxy voting messages on the network. This follows a pilot of the new messages, which replace earlier ISO 15022-based messages and market practice for proxy voting (Reference Data Review, November 2006). Based on feedback from the pilot, Swift’s standards group…
Channel Capital Advisors Opts for Quantifi XL
Quantifi, provider of analytics and risk management solutions to the global credit markets, has sealed a deal with Channel Capital Advisors, creator of Europe’s first Credit Derivative Product Company, for its tool for pricing and analysing structured credit products. “Quantifi’s proven track record and recognised market experience were important factors in our selection process. We…