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Six Bidders Shortlisted to Build the US Consolidated Audit Trail
The Consolidated Audit Trail (CAT) first proposed by the US Securities and Exchange Commission (SEC) back in 2010 has come a step closer to reality with the selection of six bids from a list of 10 RFP responses that were submitted to build and maintain the audit trail. The six bids still in the running…
A-Team Group Webinar Offers Insight into Improving Data Contributions
Data contributions to financial benchmarks have been a cause for concern since the Libor scandal emerged in 2012, yet despite heavy fines imposed on banks that manipulated the rate, only now are efforts to improve the situation being made in earnest. Addressing the issues of data contributions to the market, an A-Team Group webinar entitled…
Atlas ATS Deploys Strevus Compliance Solution to Support Digital Currency Exchange
Atlas ATS, a New York based cryptocurrency trading exchange, has deployed a Strevus hosted solution to ensure that its institutional customers achieve Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance as required under the US Bank Secrecy Act. The exchange is up and running with the Strevus compliance lifecycle management solution in New York…
European Fund Administration Benefits from AIM Portfolio Pricing Solution
European Fund Administration (EFA) has deployed AIM Software’s GAIN Portfolio Pricing business application to manage increasing regulatory requirements around portfolio pricing and meet growing client demand for more frequent net asset value (NAV) calculations. The AIM portfolio pricing application, which is based on the company’s GAIN enterprise data management platform, is the central component of…
DST Enhances Anova Position Keeping to Deliver IBOR Product
DST has enhanced the position keeping element of its Anova post-trade data management, analytics and reporting suite to deliver a fully-fledged investment book of record (IBOR) designed to provide asset managers with near real-time visibility of positions and valuations. Anova has included the capability to consume transactions and events, and provide continuously updated valuations and…
Talking Reference Data with Andrew Delaney: Feeling the Collars of the Libor Traders
Financial institutions are bracing themselves for further regulatory clampdown on market pricing on the wake of the LIBOR and FX market manipulation scandals. As regulators draft new guidelines for benchmark data contributions, and UK Chancellor George Osborne signals increased scrutiny of the London FX market’s pricing procedures, data managers and compliance officers are assessing their…
Misys Pitches Sophis Value as an IBOR Solution
Misys is responding to buy-side need for an Investment Book of Record (IBOR) with its Sophis Value cross-asset, front-to-back-office investment management suite. The positioning of Sophis Value as a solution that enables firms to maintain an IBOR comes ahead of a wider product positioning and rebranding campaign that is expected to improve the alignment of…
Charles River Shrink Wraps Compliance Solution to Offer Compliance as a Service
Charles River has packaged the compliance module of its Investment Management Solution to offer Compliance-as-a-Service (CaaS) to asset managers seeking economic and efficient start-of-day portfolio compliance. The service is cloud based and integrates software, data and advisory services that include writing and maintaining compliance system rules. It is designed to help small and medium-sized firms…
Markit Develops Managed Services With CTI Acquisition
Markit’s agreement to acquire tax compliance and reporting services specialist Compliance Technologies International (CTI) will add a tax component to the company’s managed regulatory reporting services that already include the Counterparty Manager platform and the recently introduced Markit | Genpact Know-Your-Customer (KYC) Services. Financial details of the acquisition have not been disclosed and the transaction…
Data Management Summit: Regulation and Risk Require a New Approach
Regulation and risk are driving a new approach to data management across financial markets, but they are not the only drivers as firms seek cost reductions, operational efficiencies and a means of using data as a business asset. These issues and more were debated by a panel of experts at last week’s A-Team Group Data…