Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
UK Asset Managers Are Aware of Dangers of Not Aggregating Data But Standards Are Lacking, Says SimCorp
The UK asset management community is aware of the dangers posed by failing to adequately consolidate and aggregate their data but underlying problems remain, according to a recent report by risk management platform provider SimCorp and independent consultant Paul Miller. The problems are not to do with technology or organisation, explains Cath Rawcliffe, vice president…
Kingland Systems to Provide Consultancy Services on Counterparty Data Issues
Kingland Systems is enhancing its data management consulting services, offering a series of services specific to client and counterparty data. These client data consulting services will address all aspects of the client data lifecycle, including client set up, data maintenance and common client data system interaction with other functions such as compliance, risk, operations and…
Algorithmics Launches New Credit Valuation Adjustment Module
Algorithmics has released a new Credit Valuation Adjustment module aimed at helping banks to use their capital more efficiently through more accurate pricing and hedging of counterparty exposures. The module is an extension to Algorithmics’ Algo Counterparty Credit Risk solution. Ben De Prisco, senior vice president of research and financial engineering at Algorithmics, says: “Conditions…
Asset Control’s Enfield Highlights Focus on Valuations and Counterparties
Following its partnership agreement with business entity data specialist Avox earlier this year, enterprise data management (EDM) vendor Asset Control is keenly focused on the area of counterparty data. Rick Enfield, product business owner of the vendor’s AC Plus solution, explains to Reference Data Review why counterparty data and valuations are so important in the…
SmartStream and Swift Partner for SaaS Reconciliation Solution
Following the launch of its software as a service (SaaS) offering earlier this year, SmartStream has teamed up with Swift to add its TLM OnDemand to SwiftNet. Financial institutions can now communicate with the SaaS version of SmartStream’s reconciliation service via the Swift network, explains Philippe Chambadal, CEO of the vendor. “The notion behind the…
European Commission Bent on Post-trade Infrastructure Revamp for Derivatives
The European Commission has released its proposals for a revamp of the derivatives market in a bid to reduce counterparty risk and improve the transparency of these traditionally opaque instruments. A central tenet of the recommendations, similar to that of the recently proposed US regulatory framework for derivatives, is the introduction of central clearing counterparties…
CGS and FOW Tradedata Launch Cusip Service for US Equity Options
Two months after the formal announcement of its partnership with UK-based futures and options specialist FOW Tradedata, Standard & Poor’s Cusip Global Services (CGS) business has launched its new Cusip Options Service for US listed equity options. The vendor began this year demonstrating an aggressive stance towards extending its reach into other areas of the…
BNY Mellon Launches New Service to Manage Derivatives Transactions
The Bank of New York Mellon has introduced Derivatives360, an integrated investment servicing lifecycle solution to help clients efficiently execute and manage derivatives transactions. According to the bank, Derivatives360’s flexible modular design allows clients to select some or all of the components offered by the new platform, allowing them to focus resources and management time…
S&P’s CGS to Partner with HedgeFund.net to Develop Entity Identifiers for Hedge Fund Community
Following its recent spate of partnership announcements, Cusip Global Services (CGS), which is managed by Standard & Poor’s on behalf of the American Bankers Association, has added yet another one to the list, this time focused on entity identification for the hedge fund community. CGS has signed up to work in partnership with hedge fund…
Reference Data Review First Words: Who are you?
This month the industry at large is focused on the possible outcome of the ongoing global regulatory overhaul, as governments in the US and Europe prepare to provide more details about their proposals for change. The Obama administration has readied its suggestions for change, which include an overhaul of the way ratings agencies are monitored…