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Ness Adds Corporate Actions Functionality to Financial Data Enterprise Solution
Ness Technologies has unveiled an enhanced version of its enterprise data management platform, Financial Data Enterprise (FDE), developed by Ness Innovative Business Services (Ness IBS). The new version, FDE 4.5, includes features such as processing of corporate actions, dynamic creation and set-up of instruments and asset classes, enhanced data quality management and streamlined workflows for…
Downstream Data Distribution a Rich Seam of Opportunity for Vendors, Aite Analyst Says
In its new report, Managing the Rapids of Downstream Data Connectivity, analyst Aite Group predicts spending on downstream connectivity around enterprise data management projects in Europe and the US will exceed $2.5 billion in 2008. The report also finds that EDM projects typically mature an average of three years before firms really start to tackle…
Merger of SWX Group, SIS Group, Telekurs Group Unanimously Approved
The owners of the SWX Group, SIS Group and Telekurs Group have unanimously approved the merger of the three companies (Reference Data Review, May 2007). Within the framework of the planned transaction, the business activities of the Swiss financial market infrastructure providers will be combined under the roof of a strategic holding entity. The objective…
Data Management Sales Head John Wallis Leaves SunGard
John Wallis, formerly head of EMEA sales for SunGard Data Management Solutions, has departed the vendor for pastures new. He came into the SunGard fold when the software giant acquired Fame Information Services in late 2003. Wallis’s departure follows the ejection from SunGard late last year of high profile EDM figures Marc Odho and Rob…
S&P Buys Imake Consulting, ABSXchange to Boost Structured Finance Data, Analytics, Modelling
Standard & Poor’s has acquired Imake Consulting, a provider of software and services to the structured finance market, and ABSXchange, an end-to-end solution provider for structured finance data, analytics and modelling. S&P is aiming improve its ability to analyse structured finance transactions including residential mortgage-backed securities, commercial mortgage-backed securities, asset-based securities and collateralised debt obligations….
Time for a MiFID for Corporate Actions? By Richard Newbury, Head of Product Services at Telekurs
Corporate actions processing is moving to centre stage in the minds of back office managers, in the same way that trading has been to the front office for a very long time. Corporate actions processing is expensive in terms of human resources. There are persistent rumours that missed corporate actions have cost some banks dearly…
ATD Takes Cleansed CA Data From Fidelity ActionsXchange
Automated Trading Desk (ATD) has signed up for cleansed US domestic equity corporate actions information from Fidelity ActionsXchange, via its ActionService product. After a trial of the corporate actions solution, ATD made its decision to go with Fidelity ActionsXchange based on its timeliness, data accuracy and ease of integration into its own system, according to…
Vancouver-based OTC Val Enters Structured Products Pricing Space, Targets White-Labelling Deals
Firms seeking independent prices for OTC derivatives have a potential new partner in the shape of Vancouver-headquartered OTC Valuations Limited (OTC Val). Founded this year and comprising a team of people with backgrounds in mathematical modeling, valuation system implementation, training, proprietary trading support and spreadsheet consulting services in the OTC derivatives area, OTC Val has…
Aubrey Leaves Thomson for Fitch, Plans End to End Solution for Fixed Income Derivatives Data, Analytics
In a move that has surprised some industry observers, Thomas Aubrey has joined Fitch Ratings as a managing director in its global business development team. Aubrey comes from Thomson Financial, where he had been director of investment management for more than three years. Despite having been tipped for a plum role in the new Reuters…
Citadel Rolls-Out CADIS Version 5, With Structured Products Focus
Citadel Associates, provider of data management solutions to investment managers, has begun the roll-out of version 5 of its CADIS system to clients. CADIS sits at the heart of Citadel’s Investment Solutions Layer proposition. Version 5 contains new functionality for managing data associated with complex derivatives and structured products, and to facilitate more rapid take-on…