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B-next Extends Data Reach with Interactive Data Agreement, Extends Ambitions to UK
Compliance and regulatory reporting platform vendor b-next has recently signed an agreement with Interactive Data under which the data vendor will provide global pricing and reference data to feed b-next’s MACOC software solutions. The deal is part of the German vendor’s ambitions to crack the UK market and should help it in the effort to…
Fitch Releases Global Money Market Fund Rating Criteria
Fitch today released updated rating criteria for money market funds, with particular emphasis on funds that invest in short term debt instruments issued by financial institutions, non-financial corporations and asset backed commercial paper programmes (often referred to as ‘prime’ funds). Prime money market funds were central to the financial crisis last year following the failure…
Netik Launches New Version of GSM Aimed at Solving ‘Control’ Issues for Managed Services
Following its purchase of the Capco Reference Data Services (CRDS) business in February 2008, data management and reporting solution vendor Netik has taken the last 18 months to bed down the Global Securities Master (GSM) solution into its overall managed services portfolio. This work has resulted in the release of version 2.0 of the Netik…
Advent Extends Alliance with Thomson Reuters to Advent Portfolio Exchange Clients
Following its announcement of the signing of an agreement with Advent last month, Thomson Reuters has extended the agreement to cover the buy side software vendor’s Advent Portfolio Exchange (APX) solution. Under the terms of the new agreement, the data vendor will link the portfolio management solution with its global pricing and security reference data…
SmartStream Launches Reference Data Utility Offering, Announces First Client
As first revealed by Reference Data Review in May last year, the Dubai International Financial Centre’s (DIFC) DClear subsidiary has been working on a reference data utility for some time. DClear Utilities, which is now a part of DIFC owned SmartStream Technologies, has now officially been launched on the market and has just bagged its…
Swift on Course for Cost Cutting, Corporate Actions is Big Focus This Year
The first day of Swift’s Sibos conference included a press conference during which CEO Lazaro Campos elaborated on the cooperative’s plans to drastically cut its cost base and the opening plenary, which included many references to Swift’s recent successes in the corporate actions space. Delegates to the event in Hong Kong therefore got the lowdown…
For Users of Swift Alliance Integrator, Volante Adds Value With Validation and Translation Services
Powering finance with data management innovations, Volante today announced new add ons to Swift’s Alliance Integrator to ease Swift deployment and ensure correct message formatting. The Volante Swift Validation and Translation Services leverage Volante’s proven and comprehensive support of Swift messaging dictionaries and functions to reduce the effort involved in connecting to the Swift network,…
Omgeo CTM Best Practices Released to Provide Guidance for New Broker-Dealer Workflows
Omgeo has introduced a best practices document geared toward investment managers and broker-dealers to highlight the most effective ways for the two counterparties to interact with each other when matching trades via Omgeo Central Trade Manager (Omgeo CTM). Until recently, sell side clients wishing to leverage automated trade processing for cross border and non-US trades…
GoldenSource Releases New Version of EDM Suite with Upgraded Pricing Capabilities
EDM vendor GoldenSource has upgraded its flagship solution by building in new features to help its clients deal with tougher risk management requirements and regulatory developments around the pricing of financial instruments. To this end, version 8.2 of its EDM suite includes workflow and validation tools aimed at increasing flexibility and transparency across all pricing…
Broadridge and Newriver Deliver Summary Prospectus Solutions to the Mutual Fund Industry
Broadridge Financial Solutions and NewRiver today announced a solution to the Securities and Exchange Commission’s (SEC) newly enacted summary prospectus rule that combines Broadridge’s inventory, print, fulfilment and householding capabilities with NewRiver’s patented electronic database. Broadridge is a global provider of technology-based solutions to the financial services industry. NewRiver is the creator of a central…