Data Management Insight Data The latest content from across the platform
Goldensource Powers IBM’s Back Office Services as Part of Revitalisation Program
Lending credence to its ‘Powered by’ concept, Goldensource has secured IBM Canada as a client for its data management platform to underpin IBM’s back office processing software. IBM’s Securities Industry Service (SIS) division will be using the platform to support its range of brokerage processing applications and services as it kicks off its ‘Revitalisation Program’,…
Mizuho Securities USA Picks TAPMaster for All Instruments
Mizuho Securities USA has selected TAP Solutions’ TAPMaster platform to manage its entire database of historical market and reference data. The win is a coup for TAP, representing its first major win since it was accepted for Morgan Stanley wide-ranging Securities Master Service (SMS) reference data platform implementation (Reference Data Review, January 2005). Institutional broker/dealer…
Standard Terminology Still Eludes the Reference Data Business
Reference data – it’s all about the enterprise… or is it? According to some it’s now all about centralisation. CDM – or centralised data management – is now emerging as the new term to compete with EDM – enterprise data management. And why? Commercial interests of course, getting in the way of what was an…
Working Group Aims for U.K. Compliance with Corporate Actions Standards
A new U.K. Market Implementation Group (UKMIG) is aiming to harmonise U.K. national rules and practices relating to corporate actions processing, including distributions, shareholder rights and company reorganisations. The group, jointly chaired by the British Bankers’ Association (BBA) and CrestCo, is aiming to implement measures to remove Barrier 3, as set by the 2003 report…
TheMuniCenter Picks FT Interactive Data For Reference Data
TheMuniCenter will utilize FT Interactive Data’s Securities Information Retrieval Service (SIRS) as the primary source of reference data for its electronic fixed income trading marketplace. Clients of TheMuniCenter will now be able to access a wide range of fixed income securities, including U.S. government, municipal and corporate bonds. The new service will also be leveraged…
Markit Buys Automated Trade Processing in Communicator Acquisition
Markit Group has acquired Communicator, a New York-based provider of automated systems for OTC derivatives trade processing. The deal will enable Markit to combine its pricing data and valuations in credit, equity, OTC derivatives and structured finance with Communicator’s automated trade processing systems. The transaction will provide clients with enhanced trading and risk management capabilities…
Cantor Fitzgerald and German-Based Asset Manager Opt for Xcitek XSP
Cantor Fitzgerald Europe and an unnamed German-based asset manager have selected XSP from Xcitek to automate their corporate actions processing. XSP will be implemented within Cantor Fitzgerald’s wholesale brokerage services group, BGC Partners. Meanwhile, the German-based asset manager has licensed both eTRAN and the ISO 15022-compliant messaging module for the automated notification and response capture…
Goldensource Integrates CDS Corporate Actions into Platform
Goldensource has teamed up with the CDS, a subsidiary of The Canadian Depository for Securities, to integrate CDS’s corporate actions and entitlements data into the GoldenSource Securities & Products software. For Goldensource, the deal extends its offering to financial institutions with Canadian operations or interests, while offering the CDS another route to market. The corporate…
Exchange Data International Joins Mondas’ List of Approved Feeds
Mondas has added corporate actions data from Exchange Data International (EDI), which is now on their list of ‘proven ISO 15022’ data providers. The data is now available via Mondas’ flagship Radica CAPS corporate actions software solution. The interface will allow Mondas clients to automate the capture of global corporate actions through the Radica CAPS.
Standard & Poor’s Raises Bar On Intraday Evaluations Data
Standard & Poor’s has upped the ante in the European pricing evaluations space by introducing five intraday pricing updates per day covering the complete universe of European securities. The move drives up the level of competition with dominant provider IDC, which provides end of day updates, and Reuters, which currently provides three daily updates, but…