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Landesbank Berlin Investment Goes Live with DVS Fund Warehouse
Princeton Financial Systems (PFS), a solution provider to the global investment industry, reports a successful project completion. The Landesbank Berlin (LBB) and the Landesbank Berlin Investment (LBB-INVEST) have chosen the fund-specific data management platform DVS Fund Warehouse (DVS) together with PFS’ reporting solution DVS Publisher Suite for their fund reporting. They went live with both…
Tullett Prebon’s Humphrey Discusses Details Behind OTC Val Acquisition
Last week, interdealer brokerage firm Tullett Prebon announced it had entered into an acquisition agreement for an undisclosed amount with derivatives valuation services provider OTC Valuations (commonly known as OTC Val). Paul Humphrey, CEO of Tullett Prebon’s Electronic Broking and Information division, explains to Reference Data Review that the acquisition is all part of the firm’s…
Innovation Beats Regulation
By Penny Davenport, managing director, and Lansing Gatrell, director, Markit Document Exchange, Markit Group 2010 has carried on where 2009 left off with the spectre of regulation hanging over the financial markets. At the same time, government continues to get bigger, in education and healthcare as well as financial markets, in both the United States…
GBST’s O’Brien Discusses ITG Win, Broker Approach to Corporate Actions Processing and Asian Progress
Following its move into the corporate actions space in November last year, GBST has bagged its first client in the form of agency brokerage and financial technology provider Investment Technology Group (ITG) and has a number of promising prospects in the Asian region poised to sign on the dotted line, says Donal O’Brien, who manages…
Avox and Cusip Global Services Finally Launch New Business Entity Identifier JV
Following the signing of a partnership agreement to launch an entity identification joint venture last April, Avox and Cusip Global Services (CGS) have finally launched their new service based on the vendors’ Cusip Avox Business Reference Entity identifier (Cabre) codes. The new offering, which has been dubbed the Cabre Directory Service, aims to provide a…
RBC’s Sutton and JWG’s Di Giammarino Promote Customer Data Best Practices
This week, JWG has published its finalised industry guidance on the maintenance of wholesale customer data, which was compiled by the industry think tank’s Customer Data Management Group (CDMG). Julia Sutton, who last year joined the Royal Bank of Canada (RBC) as a director of global reference data, explains to Reference Data Review that the industry…
Data Vendor Selection is Key to Bringing Down Costs But Also Improving Quality, Says SGSS’s Rose
In the current cost conscious environment, financial institutions need to push back on their vendors and make sure they have conducted a thorough evaluation of the data they are receiving from them, says Olivier Rose, head of projects and international market data management at French bank Société Générale Securities Services (SGSS). Rose, who has been…
RBC has Calendars, Entity Data, Client Onboarding and Issue to Issuer Data Linkages on Agenda, Says Sutton
Following her appointment as Royal Bank of Canada’s (RBC) new global head of reference data at the end of last year, Julia Sutton has been busy with plans to automate key areas of the bank’s customer data management. Sutton explains that she has been afforded a valuable window of opportunity within RBC to drive forward…
Accuity Enhances SSI Presentment in the Global Banking Resource
Accuity, a provider of payment routing data, AML screening software and services is pleased to introduce new enhancements that have been made to its industry leading online payment look up tool, the Global Banking Resource (TGBR). The Correspondents page on TGBR has been reconfigured to allow users to more easily associate correspondents with specific beneficiary…
Pricing Partners Launches Price-it VaR
Pricing Partners announced the release of a new module providing value at risk (VaR) and stress tests calculations today. With the recent unpredictable market movements, the accurate calculation of VaR, risks and stress tests on complex products has become a crucial issue for banks, risk control departments, asset managers and hedge funds. This new module,…