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Xcitek Introduces Cost Basis Calculator for Institutions’ Clients

Xcitek has introduced a new Xcitek Client Cost Basis product to ease the process of clients finding out cost basis information. The client requests for this information from their brokers and advisors can be a heavy burden, particularly during the tax season, according to Xcitek. In an effort to ease this burden, the vendor has…

Telekurs (USA) Bolsters Fixed Income Pricing Data with Bear Stearns PricingDirect

Telekurs Financial has extended it relationship with Bear Stearns PricingDirect to bolster its end-of-day securities pricing data within the U.S. and Canadian markets. Telekurs has previous supplied PricingDirect’s fixed income pricing data to customers in Europe and Asia. Now, following the release of its exclusive distribution deal with Standard & Poor’s, Telekurs (USA) is selling…

Information Mosaic’s Cama Gains Corporate Actions SwiftReady Label

Information Mosaic’s Cama application has been awarded the Corporate Actions SwiftReady label by Swift. Cama is the vendor’s end-to-end ISO 15022-compliant corporate actions automation solution. To achieve the SwiftReady label, the product must prove its ability to handle the correct business flows for the ISO 15022 Corporate Action messages and to adhere to Global Market…

Mark-it Partners Rebrands Acquired Businesses Under ‘Markit’ Banner

Mark-it Partners, provider of a daily pricing service for global credit derivatives, cash credit instruments, and syndicated loans, has rebranded to become Markit. The rebranding will be adopted by all products and follows the integration of several acquisitions over the course of the year. LoanX becomes Markit Loans; Totem becomes Markit Valuations; DaDD becomes Markit…

DTCC Aims to Automate Corporate Actions Liability Notifications

The U.S. Depository Trust & Clearing Corporation (DTCC) has launched a pilot programme with 20 broker/dealers and custodian banks for a new web-based system that automates the creation, delivery and tracking of corporate actions liability notices. The snappily titled Smart/Track for Corporate Actions Liability Notification Service will be in a pilot phase until the end…

To Centralize or Not to Centralize

It’s always better to end with a bang than a whimper. So we were happy this month’s FIMA event in London gave the reference data community real pause for thought. Many industry events don’t deliver; this one did. Central to the three days of industry debate was the subject of, erm, centralization. In other words,…

Telekurs (USA) Integrates TB II Corporate Actions Into N-Tier Securities

Telekurs (USA) has entered a strategic alliance with N-Tier Securities to integrate Telekurs’ TB II corporate actions flat-file feed into N-Tier Securities’ corporate actions and STP software solutions. The joint solution has been tested and deployed by a New York-based broker/dealer and custodian. N-Tier is planning to extend its interface to Telekurs’ full compliment of…

Asset Control Interfaces to Swiftnet

Asset Control last month introduced Swiftnet functionality to its data management services. The functionality will enable Swiftnet users to aggregate data, such as corporate actions and vendor-provided market data delivered over that network into the AC Plus survey, alongside other data sources, in both industry standard and proprietary formats. It will also simplifies the process…

Cusips Adopted as Numbering Scheme In New Syndicated Loan Service

The Loan Syndications and Trading Association (LSTA) has teamed up with Standard & Poor’s to launch a new service that provides Cusip and Cusip-based ISIN numbers along with core descriptive data for syndicated loan deals and facilities. Currently the syndicated loan market uses different IDs to represent in the same credit in proprietary systems used…

XSP Signs Up First European Hedge Fund Polygon; Licenses to BB&T

XcitekSolutionsPlus has signed up its first hedge fund client in Europe as Polygon Investment Partners licenses the XSP software system for corporate actions processing. The global hedge fund advisor will interface XSP’s service across its London and New York offices through its already-installed FundManager portfolio management system from Beauchamp Financial Technology. Says Manuel Guerrero, head…