Data Management Insight Data The latest content from across the platform
CB.Net Appoints Tim Boyce Chairman
Payments reference data specialist CB.Net has appointed Tim Boyce, formerly a non-executive director, chairman, to support its international growth. CB.Net’s former chairman Phillip Horsnall remains on the board as a non-executive director.
DTCC Develops XML Format For Corporate Actions Data
DTCC is working to create a new XML based format for delivery of corporate actions announcement information via its Global Corporate Action Validation Service (GCA VS), scheduled for roll-out in early 2008. DTCC currently provides data in its own proprietary format and in ISO 15022. The inadequacy of the 15022 format for its purposes is…
Accenture Loses Data Outsourcing Leader Bill Cline to Acai Solutions
Bill Cline has left Accenture, where he was managing director, global capital markets industry for North America and Asia-Pacific, and had spearheaded Accenture’s managed reference data service proposition in conjunction with Asset Control. He is now global managing partner at New York City-based management consulting company Acai Solutions. Cline’s departure from Accenture follows the retirement…
Capco Re-Engineers Outsourcing Platform as SOA Draws on Opensource, Grid and Web Services
Capco has begun a project to re-engineer the technology infrastructure supporting its provision of managed reference data services, and plans to draw on opensource and grid technologies as well as Web Services, to improve integration with its clients’ operations. The provider’s aim is to improve automation and build in greater scalability to the platform, in…
JJ Gets Down to “Nitty-Gritty” of “Grimy” Data Business
Reference data projects are “huge, scary and often not perceived as adding measurable value”. To avoid being derailed by the complexity and long payback time of such projects, firms should break the problem down into manageable chunks and accept that great value can be added to the business by addressing just part of the problem,…
Schroders Takes Citadel’s CADIS For Pricing and Analytics
Global asset manager Schroders plc is implementing Citadel Associates’ CADIS data management system for pricing and analytics. Schroders is the fourth investment manager to take CADIS in recent months, with others including AMVESCAP and the Canada Pension Plan Investment Board (Reference Data Review, November 2006). Robin Strong, Citadel’s head of sales and marketing for EMEA,…
CIG Supports AIM Software in US, Targets Mid Office Needs
New York based consultancy Computer Intelligence Group (CIG) has partnered with Austria based AIM Software to market, implement and support its reference data management platform GAIN in the US, with an initial focus on large banks, brokers and mutual funds in New York and Boston. The two companies – which are also working closely with…
Solid Reference Data a Prerequisite For Liquidity Management Success
If you thought the heady world of automated trading, dark pools and liquidity fragmentation under MiFID and RegNMS had little effect on the humble reference data function, then you thought wrong, it seems. A recent research note from analyst Tabb Group identifies a growing need for sell side firms to establish comprehensive liquidity management functions,…
Reuters Appoints IDC’s Oldham to Manage Asia Pacific Pricing Service
Malcolm Oldham, previously responsible for Interactive Data’s evaluated fixed income pricing throughout the Asia Pacific region, has joined Reuters to manage its Pricing Service, launched in Asia Pacific in March 2006. Oldham is based in Melbourne, and reports to Pricing Service management in New York.
Markit Integrates ABSReports Data into ABS Pricing Service
Data and valuations provider Markit Group has acquired ABS deal reporting service ABSReports, and will integrate its performance data into the Markit European ABS pricing service. The integrated offering will bring greater efficiency and transparency to the secondary European ABS market, Markit says. According to Ben Logan, managing director of product development at Markit, a…