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West LB in UAT with Asset Control’s AC Plus, Plans To Go Live for Managing WM, Bloomberg in October
The operations group of German bank West LB AG has begun the roll-out of Asset Control’s AC Plus data management solution to first replace a legacy mainframe system managing feeds from WM and Bloomberg, with a view to using AC Plus to replace an inhouse built centralised data management solution in the longer term. The…
Anarchy in the UK (at Least) as Market Participants Fret Over BIC Inadequacy, Future of IBEI as Entity ID
The operations group of German bank West LB AG has begun the roll-out of Asset Control’s AC Plus data management solution to first replace a legacy mainframe system managing feeds from WM and Bloomberg, with a view to using AC Plus to replace an inhouse built centralised data management solution in the longer term. The…
Mellon’s Buzzelli Takes Fund Admin Experience to Reuters
Reuters’ ability to meet the needs of fund administrators and their clients for reference data and pricing services has received a boost from the addition of Brian Buzzelli, formerly vice president and product manager for outsourcing services at the Bank of New York Mellon, as a business manager in its Enterprise Information division in New…
QED Unveils Single Back Office Data Source for Asset Managers
In a bid to help its institutional investment clients reduce the cost and complexity of managing data sources, New Jersey headquartered QED Financial Systems has launched QED Data Connection, a solution designed to enable users of its investment accounting system to access a range of middle and back office data from multiple vendors via a…
BoNY Mellon Upgrades Investment Analytics Product Line…
Bank of New York Mellon Asset Servicing has enhanced its Investment Analytics product line, which provides institutional investors with tools to evaluate and oversee a portfolio’s performance, structure, risk exposure and compliance. The enhancements involve expanded data coverage and improved data quality in three areas: sub-prime risk analytics, fixed income derivatives and short term securities,…
Swift Unveils Free SEPA Data Registration Service
Swift has opened the SwiftDirectories Data Update service, a secure and confidential website where financial institutions can maintain their SEPA-related data. Access to this website is open to any appointed employee of a financial institution. Users can register online and update payments-related data belonging to their financial institution whenever required. From the end of December…
Every cloud…
As the “credit crunch” blame game plays itself out, some hefty criticism is being meted out to various quarters of the industry, not least the regulators and the ratings agencies for their alleged failure to act sooner to stem the tide of fall-out from the sub-prime crisis in the US. A lot of people are…
Swift Promises Controlled Migration To ISO 20022 CA Messages
ISO 20022 versions of the Swift messages that have been the foundation for much of the industry’s progress in automating corporate actions are to be made available by the end of Q4 2009 at the latest, under plans recently formulated by the co-operative. There will be a period of co-existence of ISO 20022 and the…
Evaluations Expert Rieger Slips Through Interactive Data’s Fingers
Standard & Poor’s Securities Evaluations’ James “JR” Rieger will not, as first announced, be joining Interactive Data Pricing and Reference Data as vice president of evaluated services. Interactive Data was forced to issue a statement contradicting its earlier announcement when Rieger informed them he was pursuing another opportunity.
DPC DATA Adds New Location in Philippines for Securities-Related Data Outsourcing
DPC DATA has launched a new facility in metropolitan Manila to support growth in its data outsourcing business. A vendor of securities data, DPC DATA also provides offshore data management services. The new location brings greater capacity for data processing, strategic knowledge process outsourcing (KPO) and custom IT development, it reckons. The new location is…