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Missing a Trick?
The breakdown of the time spent on each area for discussion at yesterday’s MiFID Forum was indicative of the general press and industry attention that is being given to certain aspects of MiFID over others. The majority of the presentations focused on the front office and market data impacts of the directive’s revisions (with good…
End of January Deadline for Responses to US Proposals for OFR Reporting of Counterparty IDs
The industry has just under two months to respond to the proposals regarding how firms will report data to the Office of Financial Research, including the standards that must be used for identifying counterparties. The statement of policy was published in the Federal Register at the end of last month for public comment and firms…
CEBS’ FINREP Reporting Changes Include a Whole Host of New Data Requirements, Says FRSGlobal’s Neary
The Committee of European Banking Supervisors’ (CEBS) incoming financial reporting framework (FINREP) changes, which are due to be implemented by 31 December 2012, include a set of new data requirements resulting from the changes to the underlying reporting templates, according to Niamh Neary, Core expert at risk and regulatory compliance solution vendor FRSGlobal. CEBS has…
Northern Trust’s Skinner Elaborates on its Data Management Shared Services Centre Development
Northern Trust has been engaged in developing a shared service centre for reference data in order to support its individual business lines over the last year or so, Nick Skinner, vice president of global data management at the custodian bank, explained to delegates at this year’s FIMA. The greatest challenges, according to Skinner, have been…
Deutsche Bank’s Fletcher Discusses Technology Silo Reduction for Data Management
Deutsche Bank has recognised that a silo-based model for data management is not sustainable and is looking to develop more enterprise-wide focused technology, said Neil Fletcher, IT director for reference data at the bank. The increase in the volume of transactions has meant the production of more reference and market data, which has put pressure…
TFG Fund Services’ Toyer Elaborates on its Implementation of Xtrakter’s XREF; Jinks Discusses Xtrakter’s Ambitions
TFG Fund Services implementation of Xtrakter’s XREF service is all part of its strategy to concentrate on its core risk management and valuations business rather than be bogged down with in-house data sourcing and scrubbing, says Martin Toyer, CEO of the fund services firm. Previously, the firm had to dedicate in-house resources to source and…
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…
Perry Discusses Goldman Sachs’ Creation of a Central Instrument Reference Database for its Global Operations
Goldman Sachs has taken a step by step approach towards developing a centralised instrument reference database to support its global operations, according to Jim Perry, vice president of product data quality at the investment bank. Speaking at FIMA earlier this month in London (in addition to his earlier panel slot on regulation), Perry elaborated on…
Strike While the Iron’s Hot for Data Management Buy in, Says RBS’ Waters
There really is no better time than now to build a business case for investment in data management, said Lorraine Waters, global head of reference data management at Royal Bank of Scotland (RBS), to delegated at last week’s FIMA conference in London. Highlighting the current strategic role of reference data within her own organisation and…
NYSE Technologies Promises Consolidated Tape for European Equity Markets
NYSE Technologies’ plans to develop a consolidated tape for European equity markets should come to fruition in the third quarter of 2011, when the company will deliver a service aimed at providing broad access to post-trade market data at a lower cost than today. The tape is a response to the current MiFID debate on…