Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Stop Press: Markit Buys Data Explorers
Markit has acquired securities lending data specialist Data Explorers, from owners Bowmark Capital, a mid-market private equity firm. Terms weren’t disclosed. By combining Data Explorers’ data set with its own products and services, Markit plans to develop new offerings allowing clients to optimise their use of collateral. Markit will also develop products for equity market…
State Street Offers Entity Exposure Monitoring Across Asset Classes
State Street’s Entity Exposure Monitor Service went live this week, giving asset owners and managers a view of how much financial exposure they have to each legal entity they do business with or have in their portfolios. As well as being available immediately, the service plays into forthcoming US and European regulation on legal entity…
Bloomberg Open Symbology Gains Traction with Take-Up by Finra
Bloomberg’s addition of the Financial Industry Regulatory Authority (Finra) to a growing list of organisations recognising and using its open symbology offers financial firms another step along the way to using open rather than proprietary symbologies designed to improve market connectivity and transparency, while reducing users’ costs. Broker-dealers registered with Finra are required by the…
Kempen Capital Manages Collateral and Reduces Risk with Omgeo ProtoColl
Amsterdam-based asset manager Kempen Capital Management has implemented Omgeo’s ProtoColl to automate collateral management for OTC derivatives and reduce counterparty and operational risk. The asset manager first outsourced collateral management before bringing it back in house and creating a Microsoft Excel spreadsheet solution that has now been replaced with ProtoColl. The software went live in…
The OTC Derivatives Case for LEIs
Hot on the heels of the Financial Stability Board’s creation of expert panels to advise on the development of legal entity identifiers (LEI), international regulators IOSCO and the Bank for International Settlements this week weighed in to stress the importance of LEIs to the ongoing efforts to boost transparency in the OTC derivatives marketplace. In…
The Inside Track on LEI
I love to be on the inside track, probably because it happens so rarely, and so I am sorely tempted to answer the Financial Stability Board’s (FSB) call for volunteers to participate in the private-sector LEI advisory panel that the industry group announced earlier this week. In fact, I haven’t felt quite so tempted since…
GoldenSource Opens Singapore Office, Hires New APAC Sales Director
GoldenSource, a leading provider of Enterprise Data Management (EDM) solutions, has announced that it has opened an office in Singapore, its fifth office in the APAC region. David Chew has been appointed as Sales Director and will be responsible for growing the business and developing GoldenSource’s presence in the region. “David’s 20 years of experience…
Opinion: LEI – Persistent or Unique Identity?
By Chris Pickles, Head of Industry Initiatives, BT Global Banking & Financial Markets I’ve been struggling to understand the details behind the current initiative to create a Legal Entity Identifier (LEI) – particularly an LEI as an ISO standard. One of the problems that we all often face when we get deeply immersed in a…
b-next Launches CMC:Cloud via Thomson Reuters Elektron Platform
b-next, a pioneering provider of multi-venue multi asset class capital markets surveillance and compliance solutions, today announces its CMC:Cloud solution for financial institutions via the Elektron network from Thomson Reuters. The solution which will offer the b-next CMC:Suite as a “software as a service” will provide Investment Banks, Brokers, MTFs, Asset Managers, Hedge Funds and…
Morningstar Launches Morningstar Analyst Rating for Funds, New Global Scale for Qualitative Ratings
Morningstar, a leading provider of independent investment research, today launched the Morningstar Analyst Rating for funds, the company’s new global scale for qualitative fund ratings. The Morningstar Analyst Rating is a designation assigned by Morningstar fund research analysts around the world and derived from the company’s five pillar analytical framework that considers the following key…