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Xcitek Goes Live with First Cost Basis Client

Xcitek’s Cost Basis is now live at its first client site, an undisclosed online brokerage headquartered in San Francisco (erm, Charles Schwab, maybe?). The service, accessed through a secured session on the broker’s website, allows clients to calculate the cost basis of equity positions back to the original trade date. First introduced in 2004, Cost…

Progress Real Time’s DataXtend Provides Data Integrity Capability

Progress Real Time, best known for its software for handling real-time complex event processing particularly in the electronic trading environment, has positioned a new product offering to exploit opportunities in the reference data environment. Progress Real Time this month launched its DataXtend line of infrastructure technologies, comprising a Replication Engine (RE) module and a Caching…

Custodian Mellon Dives Into Outsourcing Of Reference Data Management Services

Large custodian Mellon Financial Corp. has previously dipped its toe in the water of reference data manage-ment through its acquisition of Eagle Investment Systems in 2001. Now it is getting ready to dive in with a packaged reference data management outsourcing solution targeted at investment management firms. Brian Buzzelli, IMS product management, reference data, says,…

A-Team Group/Reuters Survey: Bond Evaluations Gaining Value?

Placing a value on portfolios of fixed-income securities has always been a tricky business. Because of the securities’ complexity and, often, illiquidity, managers have a hard time sourcing reliable pricing. The U.S. has relied on evaluated pricing services for the past 20 years or so. Finally, it seems, Europe is beginning to follow suit. A-Team…

Capco Launches Global Equities Dividend Forecasting Service

Capco Reference Data Services has launched Global Dividend Forecasting (Global DivCast), a managed data solution that provides a consolidated source of dividend projection data for equities. Features include a forecast of cash flows for a specific security, cash flows calculated using historical and current dividends over a period of two to four years, up to…

StatPro to Resell Capco Reference Data Service’s Global Index Monitor

StatPro, a portfolio analystics solutions provider, is now a reseller of Capco Reference Data Service’s Global Index Monitor (GIM), a source of cleansed global index composition data provided in a single standardized file. GIM, acquired by Capco through its purchase of Iverson Financial, will be provided as part of StatPro’s Performance & Attribution (SPA) product,…

FT Interactive Data’s FTS Service is Now Available to Icon Customers

FT Interactive Data’s FTS service, which provides prices, evaluations, FX rates and indices data, is now available to users of Icon, Linedata Services’ back-office fund management and administration solution, through Icon’s Data Integration Platform (DIP).  FTS is the first interface available under Icon’s Accredited Data Vendor Partner Programme launched earlier this year. Icon is planning…

Wachovia Banks on Building Blocks Approach To Support Cohesive Reference Data Strategy

Believing a cohesive reference data strategy will give it a competitive edge as well as improving efficiencies as the Corporate and Investment Banking division grows, Wachovia Corp. last year embarked on a three-year initiative to develop strategic building blocks. The aim is to create a solid foundation, much of which will be supporting reference data,…

HSBC’s Goldensource Rollout Starts Extensive Data Program

HSBC has rolled out the first implementation of the Goldensource Enterprise Data Management platform as part of a far-reaching program initiated by the institution to support its growing Corporate, Investment Banking and Markets (CIBM) division. The implementation sees Goldensource providing the underlying data integration platform to support HSBC’s electronic securities trading platform in its first…

Outsourcing Discussion Moves from Hypothetical to Factual…

Just four months since we completed our survey here at A-Team of data managers and their attitudes towards outsourcing (you can find it at www.a-teamgroup.com), we are already starting to see real results within the business. At the time much of the discussion was hypothetical and asked whether financial institutions would consider outsourcing any of…