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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…
Broadridge to Target Counterparty Data
Having teamed with GoldenSource and IBM for the initial launch of its global managed reference data solution to provide instrument reference data (Reference Data Review, May 2007) Broadridge Financial Solutions, formerly ADP Brokerage Services Group, is leveraging the expertise and functionality that exists in the GoldenSource product to launch a counterparty data service in Q1…
Web Services Integration Ties with XSP for Automated Reclaims, Makes Progress with Data Hub Solution
UK-based Web Services Integration and US-headquartered XSP have forged a partnership under which they have integrated their solutions for tax reclamation and corporate actions processing respectively, in order to automate the withholding tax reclaim process within the corporate actions lifecycle. The integration has been eased by the fact that Web Services Integration’s Xceptor Tax Hub…
Markit Completes Integration Of ABSReports Data Services
Following its acquisition of deal reporting service ABSReports at the beginning of the year (Reference Data Review, January 2007), Markit, provider of data, portfolio valuations and OTC derivatives trade processing, has launched what it says is the first integrated pricing and performance monitoring service for the European asset-backed securities (ABS) market in a move it…
Reuters’ New JRisk On Demand Offering Packages Broad Coverage of Evaluations, Terms and Conditions
Reuters’ new JRisk On Demand, a tailored risk management solution for hedge funds developed by the Applied Networks unit that it acquired last year, not only delivers real-time risk management tools directly to individual managers’ desktops, but aims to provide “enormous” cost benefits to clients through access to Reuters reference and terms and conditions data. …
Performance Measurement Emerges as Beneficiary Of Rimes’ Hosted Data Management Platform
Swiss private bank Pictet & Co. has emerged as one of several asset management organizations that have applied Rimes Technologies SmartFiles custom data file service to their performance attribution operations. Rimes’ SmartFiles is providing firms like Pictet with a normalized and aggregated feed of benchmark, pricing and other data sourced from numerous and disparate suppliers,…
Xenomorph Adds IDC Data Services To TimeScape Management System
Xenomorph is to make Interactive Data’s Pricing & Reference Data services available to users of its TimeScape multi-asset data management and analysis software platform. The two recently concluded discussions that have been ongoing since last autumn, and Xenomorph is now prioritizing the addition of Interactive Data’s services according to client requirements. Under the deal, users…
PolarLake Unveils OTC Derivatives Solution Based on Reference Data Distribution System
Dublin-based PolarLake has tailored its reference data distribution capabilities to create a trade lifecycle solution for the OTC derivatives marketplace. The new platform provides integration of FpML (Financial Products Markup Language)-based trade messages, reconciliation and trade matching, and business process management for OTC derivatives. According to CEO John Randles, the new platform emerged from the…
Process Re-engineering, Implementation are Key To Success of EDM, Says Data Warrior Fleming
The appointment of chief data officers (CDOs) has been heralded as a sign that financial institutions’ senior managers have at last recognised the importance of enterprise data management. While this is undoubtedly true, taking the EDM remit and running with it through to a successful conclusion is no mean feat. Enterprise data projects risk being…
Swift to Consult with Marketplace On Eleminating Barrier 1 Gaps
Securities reference data is a key area where there are gaps in existing ISO message coverage which will need to be filled if ISO messaging is to provide a complete solution for removing Giovannini Barrier 1, a gap analysis exercise recently completed by Swift has concluded. Barrier 1 refers to the inefficiencies created by the…