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Capco Names Parthasarathy as Country Manager, India

Capco has named Padma Parthasarathy as country manager in India, based in Bangalore, and reporting to partner and executive vice president, business process outsourcing and sourcing development Gopi Chelliah who joined a few months ago (Reference Data Review, March 2005). Parthasarathy will be responsible for developing Capco’s relationships with India’s banking sector as well as…

Outsourcing: The Time is Now?

Is outsourcing for reference data management an idea whose time is coming? This is a question we were keen to ask our faithful Reference Data Review readers when we set out in April to do another one of our surveys. We measured the views of sell-side, buy-side and custodian firms in the U.K., Mainland Europe…

Xcitek Adds Interface to DTCC’s GCA Service…

Xcitek has extended its relationship with the DTCC to add support for its Global Corporate Action (GCA) Validation Service. Support will be offered in Xcitek’s latest version XSP 4.6 corporate actions management service. It has also partnered with Tap Solutions where Tap will build a feedhandler to load Xcitek’s corporate actions and municipal actions data…

Brewin Dophin Takes Telekurs’ ISO 15022 Corporate Actions Data

UK stockbroker Brewin Dolphin has signed up to take corporate actions data from Telekurs Financial. The data will be delivered on a daily basis in the ISO 15022 format.

Asset Control Secures Standard Chartered, Standard Bank for PriceMaster

Asset Control has secured two new clients for its AC PriceMaster for market risk data. The service was rolled out at Standard Chartered in six months. It is used to generate risk factors and curves, as well as standardizing and consolidating market data, sourced from multiple vendors and internal sources to support risk management functions,…

…While Subsidiary CounterpartyLink Signs Up Capco As Early Distributor

Cicada’s new CounterpartyLink subsidiary (Reference Data Review, February 2005) is beginning to establish itself among other service providers, signing up Capco Reference Data Services as a distributor for the issuer, client, counterparty and hierarchy data service. As well as becoming a distributor, CRDS, which offers outsourced business process and technology services, intends to incorporate the…

Banque de Luxembourg Automates CAs with Vermeg

Vermeg has signed up a third client in Luxembourg for its Megacor corporate actions service. Banque de Luxembourg chose Megacor to fully automate its corporate actions processing to enable STP, after reviewing five other providers. The live data is scheduled for completion in September.

Progress with MiFID as First Working Group Held

The MiFID – Markets in Financial Instruments Directive – Joint Working Group efforts (Reference Data Review, April 2005) were kicked off earlier this month with the first meeting being held in London, and tasks being assigned to participants. The forward-looking objectives of the group, according to the group’s chairman Chris Pickles, are four-fold. They are,…

Avaloq, AIM Partner with Comit for VDF Integration Project…

Banking systems provider Avaloq and reference data and risk management software firm AIM Software are developing an interface between their respective products. The deal will enable Avaloq to support multiple data feeds into its core banking system using AIM’s Gain DataDesktop. AIM has also enlisted the help of European IT provider Comit to integrate into…

MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG

The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…