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DTCC Talk up Improvements to Corporate Actions Validation Service, XBRL Initiative
The recent uptick in the corporate actions world has not gone unnoticed by the Depository Trust & Clearing Corporation (DTCC) and its Global Corporate Actions Validation Service (GCA VS) subsidiary is keen to steal a march on its rivals. Caroline O’Shaughnessy, vice president and global head of sales for Data Solutions, Asset Services, and Stuart…
South Africa’s Prescient Selects Eagle Investment Systems’ Access ASP
Eagle Investment Systems, a subsidiary of The Bank of New York Mellon, has been selected by Prescient to deliver its integrated investment management suite via its application service provider (ASP), Eagle Access. Prescient, with R60 billion under management in South Africa, selected the Eagle suite to streamline its growing local and global operations. Eagle will…
XSP Welcomes Ex-ISITC Co-chair Martinez Back into the Fold
Following a brief stint outside the financial services industry, Laura Martinez has rejoined XSP as a senior product manager for its flagship solution, the XSP platform. Martinez, who held a co-chair position on the ISITC Corporate Actions Working Group during her tenure at XSP, will report to Jennifer Bush, senior director of product innovation and…
Switzerland’s Banque CIC Implements Gain|Avaloq Adapter for SIX Telekurs VDF Data
Swiss bank, Banque CIC (Suisse), has upgraded its existing implementation of Aim Software’s Gain Data Management platform for an enhanced processing of SIX Telekurs VDF data in Avaloq via the Gain|Avaloq adapter. The bank, which is headquartered in Basel, has been using the Gain platform since 2002 for the processing and reporting of data from…
Interactive Data’s Marsh Promotes Vendor Contribution to Entity Identification
Swift may be keen for a utility approach towards business entity identification (BEI), but the vendor community is not out of the picture just yet. Reference Data Review speaks to Darren Marsh, business manager of risk management and compliance services for Interactive Data in Europe, about his own firm’s endeavours in this area and the…
Bravura Joins Fincad Alliance Programme to Embed Analytics into Garradin
Wealth management solution vendor Bravura Solutions has signed up to the Fincad Alliance Programme in order to allow it to embed Fincad’s analytics library into its Garradin investment management system. The vendor hopes that this will provide additional pricing and risk analysis capability, especially with regards to meeting buy side clients’ transparency requirements. “Garradin clients…
Omgeo Upgrades Alert Database with Expanded Coverage and Compatibility Tests
As hinted by Steve Matthews, managing director of product at Omgeo, when he spoke to A-Team Group last month, the post-trade specialist has now added new functionality to its standing settlement and account instructions (SSI) database, Alert. The new functionality, which has been dubbed Omgeo Alert New Markets and Validations, includes expanded instrument coverage and…
DTCC Plans to Expand CCP Services and Streamline Netting Process for MBSs
The Depository Trust & Clearing Corporation (DTCC) is planning to introduce daily trade netting for mortgage backed securities (MBS) transactions to further expand its planned central counterparty services. It hopes to cut the high cost of processing these trades and bring greater risk protection to this traditionally risky market. In a white paper recently published…
DocGenix and Markit Team up for Documentation Risk Management Initiative
OTC derivatives documentation specialist DocGenix and Markit Document Exchange have signed a strategic initiative aimed at combining their respective offerings to create a single platform for the management of complex legal agreements. Penny Davenport, managing director and head of Markit Document Exchange, explains that the two vendors have been in discussions about the project since…
Avox and Cusip Global Services Launch New 10 Character Business Entity Identifier Code
Avox and Cusip Global Services (CGS), which is managed by Standard & Poor’s on behalf of the American Bankers Association, have joined forces to create a universal identification system for global business entities. Ken Price, CEO of Avox, and Scott Preiss, vice president in the Securities Classifications group at S&P, explain the details of the…