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DSTi Integrates Interface To Reuters DataScope Select
DST International will offer an integrated interface to Reuters DataScope Select as part of its investment accounting, performance measurement, risk management and data management solutions. Reuters DataScope Select provides access to global pricing, validated terms and conditions, historical data content and cross-reference data for a range of financial instruments.
SunGard to Leverage Managed Data Services for MiFID
SunGard is exploring opportunities to apply its managed data service capabilities to the requirements for storing pre and post-trade data under MiFID. The vendor is at the business planning stage and is consulting with customers to establish their appetite for such services. As well as offering discrete data services, SunGard intends to team its data…
Chasen Purchase Bolsters Markit’s Pricing Models
Aiming to reinforce its structured finance services, Markit Group, provider of pricing, reference data and portfolio valuations, has acquired Peekskill NY-based Chasen Enterprises. Chasen provides modelling of structured securities, notably agency and non-agency collateralized mortgage obligations (CMOs) and asset-backed securities (ABSs). The company, founded in 1989, has modelled more than 18,000 CMO and ABS structures…
IT Spend in Derivatives to Soar; Pricing and Analytics a Key Driver
It will come as no surprise to learn that Wall Street made more money from derivatives products and structured instruments in the first quarter of 2006 than ever before. Into the growing hype about derivatives wades TowerGroup this month, with a raft of reports on the subject, including predictions of annual growth rate in derivatives…
A-Team Analysis: Does Swift Have A Role in Securities Ref Data?
Bank owned co-operative Swift believes the industry should enter “A new age for reference data – collaboration”. One of the opening sessions at this year’s Sibos conference in Sydney, from 9-13 October, will be an interactive panel discussion on this very topic. Based on its 30 years of managing the BIC Directory Service, Swift believes…
Evaluations Heavyweight John Lynch Leaves Bloomberg
John Lynch, hired by Bloomberg just months ago to head a team of analysts spearheading the development of a pricing evaluations business (Reference Data Review, April 2006), has parted ways with the company. No comment was available from Bloomberg, beyond the assertion that its evaluations strategy remains in place. But this must be viewed as…
Holmes to Head Up New Cicada Subsidiary Focused on Compliance
Cicada has created a new subsidiary, Profiler Solutions, to focus on compliance. Headed by Cicada executive vice president Hubert Holmes, the new business unit will offer software solutions to help firms meet regulatory requirements around know your customer (KYC) and anti-money laundering (AML), based on its Profiler solution. As reported in Reference Data Review last…
A-Team Expands with Addition to Team of Harris, George
A-Team Group, publisher of Reference Data Review and other titles, has expanded its team to support its ongoing growth. Thea George, a well known and highly respected journalist, joins us from STP Magazine where she was editor for a number of years, to become editor, A-Team Publications. She will be taking over as editor for…
DTCC to Replace XSP with In-house Platform For Global Corporate Actions Validation Service
Aiming to bring control of its Global Corporate Action (GCA) Validation Service in-house and to improve the quality of its corporate actions data, the DTCC has been developing its own platform to support the service, replacing existing Xcitek XSP technology. The new platform is scheduled to go live in September, according to sources. A document…
Daiwa Securities Completes Reference Data Project
Daiwa Securities SMBC Europe has completed the reference data phase of its ongoing project to modernise its middle and back office, resulting in a single consolidated data model for counterparty and securities data. The project has been underpinned by the extended use of the GoldenSource data management platform. During the first phase of the three-year…