Data Management Insight Data The latest content from across the platform
Interactive Data’s Pricing and Reference Data Business Boosts Second Quarter Results
According to Interactive Data’s second quarter results, which were released yesterday, the vendor experienced an increase in revenue of 9.5% and an increase in net income of 15.1% for the period ending 30 June. The growth in North America and Europe over the second quarter is largely attributed to the performance of its pricing and…
SIS SegaInterSettle Releases Plans to Further Automate Corporate Actions
SIS SegaInterSettle has released plans automate the messages it receives from issuers and to introduce a record date for corporate actions in the Swiss market by November next year. The plans are part of a wider project launched by Swiss Financial Market Services (SFMS) to promote automation in the domestic securities industry. The Swiss CSD’s…
Netik and Advent Integrate GSM with Geneva
Netik has signed a partnership agreement with Advent Software to integrate Advent’s portfolio management and fund accounting solution, Geneva, with its data service solution and utility for reference and market data, Netik Global Securities Master (GSM). According to both vendors, the combined solution is aimed at providing hedge funds, prime brokers and fund administrators with…
CB.Net Signs Agreement with Swift to Re-distribute BICs
CB.Net has signed an agreement to become a licensed re-distributor of Bank Identifier Codes (BICs) issued by Swift. The agreement will allow CB.Net to integrate BIC data into its flagship product and directory of international payments reference data, the BankSearchPlus database. Ian Dunning, managing director of CB.Net, comments: “It will greatly enhance the ease of…
Pictet & Cie Picks Interactive Data for Wider Data on Bond Evaluations
Swiss private bank and asset manager Pictet & Cie has selected Interactive Data’s pricing and reference data business to provide bond evaluations. Brendan Beith, sales director, Interactive Data (Europe), believes that by leveraging relationships with the buy side, electronic trading platforms, and essentially major market makers, it has access to a unique flow of market…
PolarLake Goes Modular with Standalone Reconciliation Solution that Fixes Poor Downstream Data Problems
Provider of reference data distribution products PolarLake has launched a standalone reference data reconciliation solution aimed at fixing the problem of poor reference data quality in downstream systems. The vendor has created the solution as part of plans to develop modular solutions for the market and extend its client reach. According to PolarLake, the new…
Cusip Launches Premium Level Cusip Access Modules and New Service for European Syndicated Loans
Cusip Global Services has launched two new services: a premium level version of Cusip Access for clients that require more advanced options for managing reference data and a new platform through which European agent banks can request Cusip or ISIN identifiers. Cusip Access is now available as a “premium level service” with additional functionality and…
Carne Platform Aids Traditional and Hedge Fund Managers Navigate Complex Valuation Best Practices
Fund management advisory firm Carne Global Financial Services has launched its Hedge & Traditional Fund Valuation ‘Best Practice’ Product, which is aimed at assisting hedge fund, private wealth and traditional asset managers in following valuation best practice across all asset classes and products. Carne Global claims that these best practices will help fund managers to…
DTCC to Spearhead XBRL and ISO Semantic Interoperability Drive
Following the announcement last month that the Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting, the Depository Trust & Clearing Corporation (DTCC) has released plans to spearhead a campaign for semantic interoperability between XBRL and ISO message types…
Merrill Lynch Plans to Sell Bloomberg Stake for US$4.5bn
Merrill Lynch has struck a deal to sell its 20% share of Bloomberg back to the news and financial data firm’s corporate parent for an estimated US$4.5 billion. The bank is expected to announce significant second quarter losses today of around US$6 billion, its fourth straight quarterly loss since last year’s credit crunch. The sale…