Data Management Insight Data The latest content from across the platform
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…
STP and Operational Efficiency are Main Drivers for Investment in Reference Data, Say RDR Readers
According to a poll of Reference Data Review’s readers, the main driver for investment in reference data management projects is an increase in straight through processing (STP) and operational efficiency. The poll, which was sponsored by Syn~ from Coexis, indicates that despite the rumours of its ‘death’, STP is still very much a concern in…
Carne Launches Hedge and Traditional Fund Valuation Best Practices Product
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…
Pictet & Cie Picks Interactive Data for Bond Evaluations
Swiss private bank and asset manager Pictet & Cie has selected Interactive Data’s pricing and reference data business to provide bond evaluations. Prior to the migration of Pictet’s core banking system, Interactive Data provided its bond evaluations service via a third party. Pictet now uses the Avaloq Banking System in conjunction with Gain Data Management…