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Steven Crane Resigns from Interactive Data…
Steven Crane, president of Interactive Data Corporation’s Pricing and Reference Data business, has resigned to accept a position as chief financial officer of a publicly traded, Massachusetts-based company outside the financial information industry. Stuart Clark, Interactive Data’s president and chief executive officer, will temporarily assume Crane’s position as president of the company’s Pricing and Reference…
COR FS Revamps Salerio for Improved Ref Data Management
COR Financial Solutions (FS) has unveiled a new release of its Salerio post-trade exception management solution which includes a new user interface, enhanced search capabilities and easier navigation around standing data tables, designed to make reference data easier to manage. According to Lee Runciman, head of business development at COR FS, standing settlement instruction (SSI)…
Reuters to Lose Enterprise Information Head Kevin Bradshaw
In a move that has caught the reference data community by surprise, Kevin Bradshaw has resigned his role as global head of Enterprise Information at Reuters and will leave the company shortly. It is understood Bradshaw is moving to a different industry. Reuters offers no comment yet on whether he will be replaced by an…
Mellon, Eagle, Telekurs Team up To Integrate VDF into PACE
Mellon Financial has selected the Valordata Feed (VDF) from Telekurs Financial as part of its enterprise-wide global reference data infrastructure. Mellon is using VDF to integrate a range of securities reference data – including security descriptions, ID cross-reference and corporate actions – into Mellon’s Eagle PACE data management platform, provided by Mellon subsidiary Eagle Investment…
NewSouth Capitalises on Advent Corporate Actions Upgrade
NewSouth Capital Management has implemented the newly enhanced version of Advent Corporate Actions (ACA) from Advent Software, as well as migrating to Advent Portfolio Exchange (APX). NewSouth Capital Management, which manages approximately $1.4 billion in assets, has been a client of Advent Software since June 1986, when it was one of Advent’s first 100 clients…
Interactive Data to Acquire Xcitek Market Data Business for $25.3M
As predicted in Reference Data Review last month, Interactive Data Corporation has agreed to buy the market data division of Xcitek and the market data assets of its affiliate Xcitax for $25.3 million in cash. The acquisition does not include XcitekSolutionsPlus (XSP), the corporate actions software company affiliated with Xcitek, or Xcitek Consulting Services, both…
BNP Paribas Securities Services Live on ValueLink OTC Data
BNP Paribas Securities Services has gone live with an outsourced OTC derivatives data service from ValueLink. The service became operational in December, and since then ValueLink has been working with BNP Paribas to fine-tune reporting based on the requirements of the fund administrator’s own clients, according to the vendor’s operations director Trevor Beach. ValueLink’s outsourced…
S&P, ICAP Ally to Add Trade Data to Evaluated Prices
Standard & Poor’s has teamed with interdealer broker ICAP to offer ICAP’s pricing data on a range of instruments via MasterFeed, its consolidated securities reference data and end-of-day pricing feed service. This will enable the data vendor to provide its clients with both trade data and evaluated prices via a single feed, says JR Rieger,…
Japan’s SPARX Group Live on GAIN, AIM Reports More POCs
Tokyo-based asset manager SPARX Group has implemented the GAIN data management platform from Austria’s AIM Software in a project lasting just 10 days. GAIN is handling Asian equities data from Bloomberg and data from the local Japanese Toyo Keizai feed, and ultimately SPARX may deploy GAIN as a centralised data hub across its operations. According…
AIM Adds EDI, Reuters DataScope Select to GAIN
AIM Software has released version 4.0 of its GAIN financial data management platform. The latest release offers a golden copy management platform with functionality for data scrubbing, control and improvement of data quality and standardization of reference data and pricing data, and adds two additional financial data feeds: EDI and Reuters DataScope Select.