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Alacra Reference Data Service Details 200,000 Global Legal Entities
Online business information provider Alacra is aiming to help financial firms solve regulatory and compliance problems, and get ready for next year’s introduction of the global legal entity identifier (LEI), with a database of clean legal entity data attributes covering towards 200,000 global business entities. The company’s so-called Alacra Authority File (AAF) expands on publically…
Talking Reference Data with Andrew Delaney: Just When You Thought It Was Safe…
The CFTC yesterday approved approved the DTCC’s application to run a multi-asset class swap data repository (SDR) in the US, with the promise of increased transparency in the OTC derivatives marketplace. The depository – slated for launch on October 12 – doubtless will make use of the CICI interim legal entity identifier, cementing that nomenclature’s…
Market Participants Focus on the Cost, Adoption and Long-Term Success of the LEI
Issues of cost, adoption and long-term success dominated a debate on the legal entity identifier (LEI) held in London last week. The debate on ‘The Implications of Building a Global Legal Entity Identifier’ – organised by Interactive Data and Goodacre – featured speakers from DTCC, HSBC Securities, JP Morgan and Interactive Data. Mark Davies, vice…
The LEI Standard: Universal Acceptance
By Bill Meenaghan, Global Product Manager, Omgeo ALERT These are interesting times for the reference data industry. Ambitions for a universal standard to quickly and easily identify the legal entities of financial institutions globally may, at one time, have been considered over-ambitious. The global coordination and project management required to establish a universal standard –…
Reference Data Management Takes Center Stage
By Sol Zlotchenko, VP Product Management, Paladyne Systems. Market developments and a host of major regulatory initiatives are forcing the arcane world of reference data into the spotlight. Reference data drives all investment firms’ activities. As Accenture points out, accurate reference and market data are essential for effective investment decisions, trade execution, securities pricing, portfolio…
MIK Lures Data Management Clients with Free Form PF Filing Software
No such thing as a free app? Probably not, but MIK Fund Solutions comes close with the offer of free-of-charge software for Form PF filing. The catch is simple, if users like the software, MIK hopes they will be interested in licensing its data management platform. According to Marshall Safer, co-founder and chief operating officer…
Thomson Reuters Outlines the Data Challenges and Opportunities of Form PF
Thomson Reuters has warned private fund advisors that they must be able to source substantial amounts of accurate data and automate reporting if they are to meet the regulatory challenge of Form PF. In an industry briefing published this month – titled Form PF: Data Takes Center Stage – Thomson Reuters global head of evaluated…
DTCC and Swift Signal CICI Portal as First Mover Advantage in Contest to Build LEI Infrastructure
DTCC and Swift are back in play and aiming to be major providers to the global legal entity identifier (LEI) infrastructure after gaining first-mover advantage through this week’s official opening of a web portal for Commodity Futures Trading Commission (CFTC) interim compliant identifiers (CICIs). Selecting from four potential providers, the CFTC last month designated the…
CICI Utility Goes Live in Preparation for CFTC’s October OTC Reporting Rule
The initial implementation of the DTCC’s and Swift’s CICI Utility Portal has gone live at https://ciciutility.org. The release of the site – which aims to support Phase 1 of global assignment of the CFTC’s Interim Compliant Identifiers by providing timely and accurate entity records – comes a month after the DTCC and Swift were named…
New AvoxData Legal Entity Portal to Host Value-Added Data Sets
Avox’s new enhanced legal entity data portal, released last week at www.avoxdata.com, will provide the preferred delivery system for Avox as it integrates value-added data sets to its core identifier offerings. The new capability – not to be confused with parent DTCC’s planned legal entity identifier utility scheduled for imminent release – gives clients secure…