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Current Solutions Lacking, Despite Foundational Nature of Reference Data
Reference data management (RDM) is a foundational element of financial enterprises, yet the collection of solutions used to manage reference data in most firms is not satisfactory, according to a report published this week. The report – Reference Data Management: Unlocking Operational Efficiencies, published by Tabb Group in conjunction with data integration specialist Informatica –…
Managing Big Data Woes: A How-to Guide for Hedge Funds
By Mark Kenney, Abacus Groupwww.abacusgroupllc.com The explosion of data over the last several years, coupled with dynamic compliance requirements, has put excessive stress on many firms’ storage capabilities. With the need to juggle multiple strategies, multiple funds and multiple prime brokers, it’s not uncommon for today’s hedge funds to deal with many terabytes of data….
A-Team LEI Debate Calls Firms to Action on Issues of Complexity, Control and Cost
Development of a global legal entity identifier (LEI) system designed to curb systemic risk is making progress under the auspices of the Financial Stability Board (FSB), but major challenges remain as the industry and individual firms tackle the complexity of implementing the LEI, consider control mechanisms to maintain its integrity and find budget to fund…
CounterpartyLink Fattens Legal Entity Data Feed to Support Regulatory Compliance
CounterpartyLink is helping users of its legal entity data meet regulatory compliance and risk requirements with the addition of deeper beneficial ownership information and the inclusion of CFTC Interim Compliant Identifiers (CICIs) in its data feed. Additional data fields to support the extended information have been included in the legal entity database that CounterpartyLink distributes…
Q&A: Dataminr’s Ted Bailey on Hotspots Among The Hashtags
Specialising in creating “actionable insights” for financial traders from the deafening noise that is Twitter, Dataminr recently made its own news by raising $13 million in Series B funding (for a total to date of $16 million). We spoke to Dataminr founder and CEO Ted Bailey to find out more about the company and its…
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…
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…
Q&A: Fiberblaze’s Troels Gert Nielsen on TCP Offload Approaches, Altera FPGAs and Opening Up in The Big Apple
Trading firms – especially those into HFT – are always looking for a technology edge, and customised solutions can provide it. The custom approach is what Fiberblaze specialises in, though that’s not stopping it releasing a more generalised product this month. Embracing Altera FPGAs, and opening an office in New York City is also in…
Q&A: ParStream’s Mike Hummel on Bringing Low Latency to Big Data
Bringing low latency to the world of big data is what ParStream – which recently raised $5.6 million in series A funding – has been working on now for several, years, with some impressive results. We talked to the company’s CEO Mike Hummel to find out more about the company and its technology. Q: First,…
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…