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S&P Investigates Pre-packaged Reference Data Solutions to Meet Risk Needs of Buy Side
Standard & Poor’s is exploring the possibility of creating pre-packaged reference data solutions for investment managers seeking cost effective means of complying with the risk and regulatory demands generated by their greater use of alternative asset classes. This follows research carried out by S&P – which has traditionally provided data to the sell side of…
SunGard Buys Soliton at Last For Data Management Expertise
In a deal which appears to have taken some two years of on-off negotiations to come to fruition, SunGard has acquired the TimeSquare business of Toronto headquartered data management solutions vendor Soliton. TimeSquare becomes part of SunGard’s referencePoint enterprise data management (EDM) managed services and solutions business. SunGard says there are no plans to make…
FT Interactive Data Rolls Out Markit Independent Loan Valuations
FT Interactive Data has entered the third phase of its roll-out of data from Markit Group to its clients, under its established partnership with the vendor. FT Interactive Data clients can now access independent valuations of syndicated bank loans via its FTS online portfolio administration service. Markit’s single name CDS and CDS indices data is…
The low-down on Sibos Down Under
As reported in the last issue of Reference Data Review, in the build-up to Sibos in Sydney bank owned co-operative Swift had some pretty big ideas about the role it could play in the reference data world. During the event itself, it sought feedback on these plans, and the responses garnered may not have been…
Bloomberg Bolsters Credit Capabilities with CMA DataVision…
Bloomberg has added CMA’s same day closing credit default swap (CDS) prices – CMA DataVision – to the Bloomberg Professional service. CMA DataVision provides data for more than 2000 single name CDSs, indices and tranches, delivered by 5pm London and 5pm New York time. Bloomberg believes that the integration of CMA DataVision with existing credit…
AMF Releases CA Recommendations
The Asset Managers Forum (AMF) of the Bond Market Association has released an exposure draft of recommended best practices for processing corporate actions. One recommendation is that custodians use at least two sources for corporate actions information and cross-check them for accuracy. The comment period for the draft ends on November 30.
…While Reuters Adds CDS Prices from Bear, Stearns
Reuters clients will now be able to receive credit default swaps and interest rate swaps pricing evaluations from Bear Stearns Pricing Direct. The addition of PricingDirect evaluations to Reuters Pricing and Reference Data is, says Reuters, the first step of a broader strategy to provide its customers with independent credit derivatives pricing based on a…
LSE Defends New Pricing Model For Corporate Actions Data
The London Stock Exchange refutes the suggestion that its new pricing policy for subscriptions to its corporate actions data by distributors is simply an attempt to extract more revenues from data vendors. According to Mark Husler, head of reference data at the exchange, the new policy, due to take effect in April 2007, is the…
Mellon’s Harkins Offers Guide To Successful Team Building
People – specifically, finding the right ones, training them appropriately and hanging onto them – were key themes at this month’s ‘Reference Data Management: Challenges and Solutions’ symposium hosted by Telekurs in New York. The symposium, also featuring Dun & Bradstreet’s Keith Webster, Telekurs’ Barry Raskin and Reference Data Review’s own Andrew Delaney, offered insight…
Siperian Brings Client Data Management System to Europe
Providers of counterparty and client data management solutions in Europe face new competition from California based Siperian, which in partnership with Deutsche Boerse-owned counterparty data specialist Avox has secured a soon-to-be-announced deal with what it describes as a major European bank. On the back of this, Siperian is beefing up its presence in Europe, opening…