Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
The Sibos Vendor Agenda: Swift Under Pressure to Deliver Cost Savings, Says Peterevans’ Foley
The financial crisis and economic slowdown is sure to prove problematic for Swift, as it faces declining volumes and pressure to drive down costs from its users. Mike Foley, CEO of vendor Peterevans, ponders this and other issues that may crop up during Sibos next month. “As signalled in the Swift 2008 report, ‘the global…
GBST Releases SSI Validation Testing Engine to Reduce Operational Risk
Following its rebrand under the heading of GBST Global Broker Services earlier this month, the vendor previously known as Coexis has released a new validation service for standard settlement instructions (SSIs). Dubbed Syn~SSI, the solution is aimed at reducing settlement failure caused by unpredictable changes in counterparties’ SSIs, says the vendor. “The operational risk of…
US NIF and ECB’s Reference Data Utility Need Clarity and Strong Leadership, Says JWG-IT’s Di Giammarino
In order to have any hope of succeeding in achieving their goals of introducing greater data standardisation in the market, the US National Institute of Finance (NIF) and the European Central Bank (ECB) will need to provide a great deal more clarity around the benefits of their approaches, says PJ Di Giammarino, CEO of think…
Markit and DTCC Plan Launch of Combined Trade Confirm and Workflow Platform for September
Following the signing of a partnership agreement in July last year, Markit and the Depository Trust & Clearing Corporation (DTCC) have finally announced the launch date for their joint venture in the derivatives trade processing space. The vendors will be launching MarkitServ, which combines DTCC’s DerivServ workflow platform and the (ex-Swapswire) Markit Wire trade confirmation…
NIF Off to a Slow Start with Only 44 Signatures: Is the US Convinced it’s the Answer to Reference Data Standardisation?
As the industry discussions continue around the European Central Bank’s proposed reference data utility, across the pond another similar campaign is attempting to drum up support for its own data standardisation initiative. The Committee to Establish the National Institute of Finance is canvassing for industry participants to sign its petition to launch (you’ve guessed it)…
HSBC Poaches JPMorgan’s Data Guru Serenita for Global Entity Services Role
Long-time data services stalwart and JPMorgan veteran, Peter Serenita has finally jumped ship to take up a new role at HSBC. After 28 years of loyal service at JPMorgan, Serenita has been poached by HSBC to take on the role of managing director and global head of Entity Services for its Global Banking and Global…
DocGenix Implements MarkLogic Server for XML Content Delivery
DocGenix, a supplier of legal risk management, has implemented MarkLogic Server as the delivery mechanism for XML content generated by its inSight service. Mark Logic Corporation is a provider of software for information centric applications. The DocGenix inSight service utilises proprietary legal data sequencing technology to translate and represent as XML the complex legal, credit,…
ICE Clear Gets a Good Start Off the Blocks, Eurex Expects to Build Momentum
Last week saw the launch of the first two contenders in the credit default swap (CDS) clearing counterparty (CCP) race: IntercontinentalExchange’s (ICE) ICE Clear Europe and Eurex’s Eurex Credit Clear. According ICE’s figures, its first week of operation has been a busy one, clearing €5.9 billion (US$8.4 billion) in CDS indexes since its launch on…
CFTC Grants Eurex Clearing Approval to Clear US OTC Derivatives
The Commodity Futures Trading Commission (CFTC) has issued an order with respect to the multilateral clearing activities that Eurex Clearing intends to undertake in the United States for OTC derivative instruments. Eurex is a central counterparty licensed by the Bundesanstalt für Finanzdienstleistungaufsicht (BaFin) of the Federal Republic of Germany. In the order, the CFTC determined…
WMBA Welcomes Launch of ICE Clear and Eurex Clearing
The Wholesale Market Brokers’ Association (WMBA), an independent industry body representing the world’s largest interdealer brokers, welcomes the clearing of the first European CDS contracts today by ICE Clear and Eurex Clearing. These first contracts are based on Europe’s iTraxx index and also 17 ‘single name’ constituents from the utility sector. David Clark, chairman of…