Data Management Insight Data The latest content from across the platform
XSP Achieves SwiftReady Corporate Actions Label Accreditation
XSP’s v5 platform has achieved the SwiftReady Corporate Actions Label accreditation for 2008 in conjunction with Microsoft BizTalk Accelerator for Swift, the SwiftReady Financial Enterprise Application Integration (EAI) product. This is the fourth consecutive year that XSP has received this accreditation.
LSE Migrates Sedol Masterfile onto UnaVista, Adds Broker Matching Utility
The London Stock Exchange (LSE) has revealed plans to migrate its centralised reference and financial data management solution, Sedol Masterfile, onto UnaVista, its global matching, reconciliation, data integration and validation service. The exchange operator has also launched a new service for the central matching of post-trade data across prime brokers, executing brokers and hedge funds…
Valuations Have Hit the Mainstream, Says New Report from A-Team Group
Valuations are no longer merely a concern for the back office; recent events have meant that they have finally hit the mainstream, according to research by A-Team Group, publisher of this news service. High profile failures and frauds relating to the mis-pricing of assets have made valuations headline news, says Ian Blance, author of the…
Korea’s Shinhan Aitas Picks SmartStream Technologies’ TLM for Corporate Actions
Korean fund administrator Shinhan Aitas, part of the Shinhan Financial Group, has selected SmartStream Technologies’ TLM Corporate Actions to feed corporate events into its client reports. Kees Middendorp, senior consultant, corporate actions, for SmartStream Asia Pacific, explains that the administrator, which provides outsourcing services to fund managers in the region, selected the solution as part…
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…