Data Management Insight Pricing & Reference Data The latest content from across the platform

IDC’s Revenues Grow, Supported by New Evaluated, Descriptive Services

Interactive Data Corp. (IDC) saw annual revenues grow 9.5% to $484.6 million for 2004, with net income rising 11.2% to $80.3 million. For the fourth quarter, revenue grew 4% to $125.2 million, while net income grew 15.7% to $21.1 million. Growth was attributed in part to “continued strength … in FT Interactive Data’s North American…

CSFB Latest Firm to Use DTCC’s Corporate Actions Service

Credit Suisse First Boston has become the sixth company to sign up for the Global Corporate Actions Validation Service from the Depository Trust and Clearing Corporation (DTCC). Joseph Porcello, director of asset servicing for CSFB in the U.S., says, “By signing on to GCA Validation, we’re looking to eliminate the time-consuming, manual process of reconciling…

AIM Teams Up with Xen for Asian Data Management Solution

Reference data management firm AIM Software has teamed up with Xen Business Solutions to provide an integrated solution between Xen’s treasury and portfolio management system and AIM’s Gain DataDesktop. The aim, say the companies, is to manage the “full lifecycle of data capture, cleansing, consolidation, enrichment and storage of reference, price and corporate actions data…

LaSalle Expands Corporate Actions Deal with XSP

LaSalle Bank, a Midwest U.S. bank owned by ABN Amro, has expanded its license of XcitekSolutionsPlus (XSP) for end-to-end automation of corporate actions processing for another five years. The deal, originally signed in 1999, will now run through 2010. The extension includes the addition of an ISO messaging module as well as eTran for web-based…

Capco Targets Canada

Capco is targeting the Canadian market, opening new offices in Toronto, Ontario, Montreal and Quebec under Jos Schmitt, managing partner for Canadian operations, and head of the Market Infrastructure practice. Capco recently completed a study for the Canadian Capital Markets Association (CCMA), highlighting possible enhancements for the post-trade processing of institutional trades. Making up the…

Lupus Accesses WM Datenservice via ADP Wilco

Frankfurt-based investment management firm Lupus alpha is to use ADP Wilco’s online access to the WM Datenservice German securities reference database, made available recently . This is being used alongside ADP Wilco’s outsourced Swift service bureau, which will replace Lupus’ existing fax-based systems.

Sachsen Ireland to Use Telekurs iD, Pricing Data

Telekurs Financial has secured an extended deal with the Irish operation of German bank Sachsen LB Europe to provide pricing services and its display product. Sachsen will receive intraday and closing prices for the full portfolio universe of over 200 stock exchanges and 500 contributors. Its users will be able to access the pricing data,…

Markit Expands Reach of Credit Derivatives Data

Markit, with the weight of its 13 bank sponsors behind it, has been expanding rapidly – both its coverage of the credit markets driven by acquisitions, and its distribution through deals with data vendors and software providers. Its RED product – reference entity database – has recently been made available via risk management software provider…

Progress Made, But More Needed For Difficult, Dull, Deadly CAs

Difficult, dull and deadly – that was how corporate actions were described at a breakfast seminar held by CityCompass earlier this month. Of course, we don’t necessarily agree with the full statement, but difficult they certainly can be. Progress is being made, however, towards the automation of corporate actions processing, reported participants of the event….

London Exchange Engages Firms In Counterparty Data Utility Pilot

The market for counterparty data solutions is heating up, as the London Stock Exchange becomes latest in a slew of firms becoming active in the space. The Exchange is working with six participating financial institutions for an upcoming pilot of a counterparty data utility. Says the exchange’s head of reference data, Mark Husler, “We are…