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Swift Imposes Structure on MiFID Transaction Reporting Data
Swift is close to completing an ISO 20022 formatted transaction reporting message which it plans to pilot for three months on its network prior to launching a commercially available solution by the end of October in readiness for the November 1 Markets in Financial Services Directive (MiFID) implementation deadline. As an ISO standard, the message…
Telekurs Specifies Reference Data Changes for MiFID Compliance
Telekurs Financial has released further details of the reference data it is adding to its Valordata Feed (VDF) to help its clients comply with MiFID. These details add flesh to the bones of the announcement the vendor made late last year of its plans to address the data requirements of MiFID (Reference Data Review, November…
Firms Shy From Cost of Migration To New Ref Data Codes for MiFID
The Committee of European Securities Regulators (CESR) has published the responses to its public consultation on the use of reference data standard codes in transaction reporting under MiFID. By press time however CESR had not published its final decisions on the codes to be used, so it is as yet unclear whether the responses will…
KLP Implements GAIN Platform For Multi-Data Feed Processing
Norwegian insurance and financial services provider KLP Kapitalforvaltning is using the GAIN platform from Austria’s AIM Software for the integration of data from vendors including Reuters (DataScope) and Bloomberg (Per Security) into its core SimCorp system, after a two-week implementation. According to Frank Maltais, head of pre-sales at AIM Software, KLP contacted the vendor last…
Quintillion Chooses Markit for OTC Derivatives Valuations
Dublin-based fund administrator Quintillion, founded in 2006, has partnered with Markit for OTC derivatives valuation provision. Quintillion runs its fund administration business on front and middle office technology from Paladyne and the Advent Geneva accounting system. Tim Barker, executive vice president and head of valuations at Markit, says this relationship will broaden the vendor’s reach…
Bloomberg Should Succeed in Evals Business, TowerGroup Says
Bloomberg is likely to enter the evaluations business this year, and when it does make a proper attempt on the market, will probably have “reasonable” success. This is the view of TowerGroup analyst Matt Nelson, who presented the findings of the analyst’s recent report on the providers of evaluated pricing at the recent Technology Solutions…
Euroclear Builds ISO 20022 CA Messages for Issuer to CSD Leg
Euroclear is building a set of ISO 20022 corporate actions messages for issuer to CSD communication, as part of its move to a single platform across all its markets and the implementation of its new Common Communications Interface. The new messages will replace existing proprietary electronic communication between issuers or issuers’ agents and the CSDs…
Abbey Financial Markets Live on DTCC Corporate Actions Data
In what DTCC says is a significant boost for the international penetration of its Global Corporate Actions Validation Service (GCA VS), Abbey Financial Markets has gone live with the scrubbed corporate actions data source, taking the ISO 15022-formatted feed directly into its trading system Global One. There are now 22 users of GCA VS, including…
ISIDPlus Reaches Coverage of One Million Issues
ISIDPlus, a cross-reference securities identifier service targeted at asset managers, now covers one million issues globally. Established in 1989, ISIDPlus is a strategic alliance between Standard & Poor’s and Telekurs Financial designed to bring clarity to financial information, including securities identification, pricing and corporate action information. “ISIDPlus allows customers to view substantial information from various…
F&C Selects Citadel Associates’ CADIS for Data Management
F&C Asset Management has selected Citadel Associates’ CADIS as its data management platform. F&C is among a number of investment managers to take CADIS in recent months, with others including AMVESCAP, the Canada Pension Plan Investment Board (Reference Data Review, November 2006) and Schroders plc (Reference Data Review, February 2006).