Data Management Insight Data The latest content from across the platform
CheckFree eVent Receives SwiftReady Accreditation
Fiserv’s corporate actions processing solution, CheckFree eVent, has received SwiftReady accreditation for the fifth time. The accreditation reflects the solution’s ability to provide comprehensive support of Swift standards and market practice and it was tested by Swift’s Simulation Testing and Qualification Service (STaQs), to ensure the validation of messaging outputs, such as ISO 15022 MT…
Hermes Fund Managers Picks Cadis EDM, Cadis Targets Hedge Fund Community
Hermes Fund Managers has implemented the Cadis EDM Suite as its central data management platform across all of its operations. The fund manager selected the platform as part of the revamp of its operating model and chose Cadis in particular due to its fast implementation time, according to Philip Keeler, head of operations & IT…
Quantifi Adds New Model to Valuation Software for More Realistic Treatment of Market Recovery
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has extended the functionality of its credit derivative valuation software to include a new correlated recovery model, which it says will incorporate a more realistic treatment of recovery in the event of default. Quantifi reckons that institutions need to alter their…
RZB Selects Thomson Reuters Enterprise Platform for Data Management
Austrian bank Raiffeisen Zentralbank (RZB) has selected Thomson Reuters’ Enterprise Platform for data management across the RZB Group. The bank is currently engaged in establishing a new market risk infrastructure, which it hopes will provide it with the ability to hedge its portfolios more effectively, enabling substantial savings in hedging costs. The bank engaged in…
Mizuho Corporate Bank Signs up for CB.Net and Petra Financial Reference Data Directory
Following their signing of a partnership agreement in July, Petra Financial and CB.Net have announced their first customer for their combined reference data directory offering. Mizuho Corporate Bank has deployed, CB.Net’s BankSearchPlusOnline in three locations worldwide: London, Paris and Milan. According to the vendors, BankSearchPlusOnline will give Mizuho staff access to a comprehensive directory of…
What Goes in Must Come Out: The Importance of Pricing Sources in Central Clearing
By Laurent Paulhac, CEO, Credit Market Analysis The credit crunch exposed significant flaws in the infrastructure of the US$62 trillion credit market. The failure of Bear Stearns, in particular, highlighted the importance of reducing counterparty risk through independent, centralised clearing counterparties. Many such counterparties have thrown their hats into the clearing ring of late, without…
DebtX and Bloomberg Sign Agreement for Loan Pricing Data
Online marketplace for commercial debt, DebtX, has signed an agreement with Bloomberg under which its loan pricing data is available to Bloomberg subscribers via the Bloomberg Professional L service. The vendors hope this will bring a new level of transparency to the commercial mortgage-backed securities (CMBS) market. DebtX CEO Kingsley Greenland explains: “Bloomberg and DebtX…
Telekurs Rebrands, Partners with ValuePrice and Sets Sights on Valuations
It has been a busy few months for Telekurs, following its rebrand under the Swiss Financial Market Services group as SIX Telekurs and the establishment of a partnership with Frankfurt-based valuations provider ValuePrice. The partners have also announced their first client for their pricing services offering: German asset manager Metzler Investment. The rebrand is part…
Derivix Appoints Demitroff to Lead Sales in NYC
Derivix, a financial services software company that provides options pricing and analytics solutions, has appointed John Demitroff as managing director, head of sales. He will work in the vendor’s new NYC offices and has more than 20 years of experience in experience in sales and executive leadership in the financial services industry. Prior to joining…
Aite Group Touts Distributed Data Management as Next Big Thing
Although enterprise data management (EDM) has gained popularity in the market, financial institutions are now considering the benefits of distributed data models, according to a recent report by analyst firm Aite Group. The report, entitled “EDM to DDM: Moore’s Law Rewards Centralised Data Procrastinators”, introduces the concept of distributed data management (DDM), and analyses the…