Data Management Insight Data The latest content from across the platform
BCC di Roma Picks SunGard’s Reech FastVal for OTC Derivatives Valuations
Italian bank La Banca di Credito Cooperativo (BCC) di Roma has selected SunGard’s OTC derivatives valuation service, Reech FastVal, for the valuation of its structured products. According to SunGard, the bank has chosen to use the service on an application service provider (ASP) basis to keep costs down and speed up implementation. The vendor says…
SimCorp Integrates Fincad Derivatives Analytics into Dimension
Fincad and SimCorp have entered into an agreement to integrate Fincad’s derivatives pricing software into SimCorp’s investment management enterprise solution, SimCorp Dimension. The global agreement extends SimCorp Dimension’s integrated pricing mechanism to encompass a wider range of derivatives than previously available, including credit derivatives and instruments implemented within the system’s new XpressInstruments framework. Søren Pedersen,…
Interactive Data Connects to GGY’s Axis for Fixed Income Analytics
Interactive Data Corporation has added an interface to the BondEdge structured finance cash flow engine and library through GGY’s Axis system. The Axis system’s pricing, valuation and modelling tools can now be used for the complex fixed income securities modelled by Interactive Data Fixed Income Analytics. According to the vendor, the fully integrated offering is…
Data Management Still Not on C-Level Radar, Says EDM Council
Although data’s importance to a business is understood at an abstract level, it is not on the strategic radar of the executive management of most firms, according to a recent report by the EDM Council. The report, Finger on the Pulse of Enterprise Data Management, is based on direct qualitative interviews with the heads of…
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…