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Vermeg Secures Luxembourg’s Fideuram for Corporate Actions

Vermeg revealed its Megacor corporate actions solution is being used at Luxembourg-based Fideuram Bank. The service is being used to support Fideuram Bank’s new function as a global sub-custodian for another depository bank, an activity it began in early 2004. It uses Megacor to capture and produce ISO 15022-formatted corporate actions messages. This is the…

Tokyo Stock Exchange Joins Others Delivering CA Data via Swiftnet

The Tokyo Stock Exchange (TSE) is joining the London Stock Exchange and Johannesburg Stock Exchange in making its corporate actions data available via Swiftnet. Its Tokyo Market Information (TMI) service was launched in ISO 15022 format in 2001 and is used as a primary source of Japanese corporate actions data.

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…

Soliton Signs Joho Capital; Expands Telekurs Fixed Income Interface

We’re certainly hearing more and more about outsourcing utilities for managing reference data coming onto the market. Just a quick flick through this issue will show SunGard planning their new Fame-based rMDS, and Accenture set to launch their MRDS service based on Asset Control’s platform. Capco also recently outlined its MDS plans following the acquisition…

FISD Ousts Atkin, Installs Nasdaq’s Davin

The Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) has named Tom Davin, formerly of Nasdaq, as acting head, following the dismissal of long-time director Mike Atkin, who left last month after a bust-up with SIIA chief Ken Wasch. Davin left Nasdaq after his role was taken by an incoming…

Capco Sets Four-Pronged Strategy For Reference Data Offerings

Capco has spent the months since its acquisition late last year of Iverson Financial Services developing a services-based business offering that uses key elements of the former Iverson to complement existing and new Capco capabilities (Reference Data Review, February 2004). The company is positioning itself as a full-service reference data management provider, which it hopes…

Hedge Fund Advisor Polygon Licenses XSP for Corporate Actions

U.K.-based hedge fund advisor Polygon Investment Partners has licensed the XcitekSolutionsPlus’s XSP corporate actions processing platform. Polygon plans to interface XSP with the FundManager portfolio management system from Beauchamp Financial Technology. The global hedge fund is seeking to streamline its corporate actions process for optimal operational efficiency across its London and New York offices. According…