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Patni Computer Systems Unveils Reference Data Management Solution for Financial Services Firms
Patni Computer Systems, a global IT and BPO services provider, today introduced PatniRADAR, a multi-step Reference and Data Rationalisation (RADAR) program that will help financial services companies mitigate their risk and rationalise the cost of managing their reference data. PatniRADAR is a fixed-price, fixed-deliverable solution, with a short-duration engagement, aimed at achieving significant and quick…
Great Eastern Life Selects Eagle’s Enterprise Data Management Platform
Eagle Investment Systems, a provider of financial services technology and a subsidiary of BNY Mellon, today announced that Great Eastern Life, Singapore’s leading life insurance group, has selected Eagle’s enterprise data management solution to consolidate and aggregate its investment data to help streamline its operations and respond to regulatory requirements. Data management remains a priority…
Fortune SGAM Adopts Omgeo Alert and Omgeo CTM Via Hundsun
Omgeo, the global standard for post-trade efficiency, today announced that Fortune SGAM, one of China’s leading investment management firms, is the first company to go live on the Omgeo-Hundsun interface for cross border post-trade processing. The Omgeo-Hundsun interface was established in June 2010 after the two companies entered into a global alliance agreement the previous…
CrossBorder Capital Selects SunGard’s FastVal for UCITS Compliance
CrossBorder Capital, a London-based independent investment advisory firm, has implemented SunGard’s FastVal, an independent valuation service for vanilla and complex over-the-counter (OTC) derivatives. CrossBorder Capital expanded into alternative investments in 1999 and the FastVal solution, a cost-effective service provided on an ASP basis, is helping the firm comply with UCITS directives covering the independent valuation…
The Connected World of Connectivity
What is connectivity? How to define connectivity in the high-performance trading infrastructure segment depends on where you sit in what’s increasingly viewed as the financial ecosystem. At the FISD’s recent Low-Latency Roundtable event in London, I asked a group of esteemed supplier panellists how financial markets users should decide on which application type is the…
JWG’s Di Giammarino Highlights the Potential Cost of the OFR for Individual Systemically Important Firms
The Office of Financial Research represents a “game of chicken” between the regulatory community and the industry, said PJ Di Giammarino, CEO of think tank JWG, at this week’s event on the regulatory data radar in 2011. “If you don’t provide feedback and get your act together by 15 July deadline, it could get pretty…
FPGAs, Established for Market Data, Now Being Leveraged for Transactions, Pre-Trade Risk
Field Programmable Gate Arrays (FPGAs) – providing hardware-based acceleration for processing typically performed in software – are being increasingly adopted for financial markets applications, with signs that their use is moving beyond boosting market data delivery, to address transactional performance as well. Fixnetix and Wall Street FPGA are providing two such examples, as hardware acceleration…
Bloomberg and Information Mosaic Partner on Corporate Actions
Bloomberg Data Solutions and Information Mosaic executives today announced a strategic partnership to provide a new service that will streamline corporate actions processing and reduce operational risks and costs. For the first time, financial institutions will be able to use the same Bloomberg corporate actions data for investment decisions in the front office, as well…
Broadridge Introduces the First Mobile ProxyVote Platform
Proxy voting moves to the next generation of advanced technology with today’s announcement by Broadridge Financial Solutions, Inc. (NYSE:BR) that its ProxyVote.com platform will be available on mobile data devices such as smart phones and tablets in early 2011. The announcement and demonstration was made at Broadridge’s annual Investor Communications Conference, held today in New…
Sharefunds Appoints ValueLink for Price Validation and Corporate Actions
ValueLink Information Services, the supplier of validated financial data solutions, has announced a major new client win. Following a comprehensive period of analysis, Sharefunds Limited, (part of the Share plc group) selected ValueLink’s Price Validation and Corporate Actions service for their mid-day valuations. ValueLink provides Sharefunds with global pricing data across all instrument types. They…