Data Management Insight Standards The latest content from across the platform
Aiming for Omgeo’s Lunch?
The announcement this week that Swift will be launching a new “range of initiatives” targeted at the standing settlement instructions (SSI) space is obviously part of the network operator’s new 2015 strategy to get into the reference data space, but it also represents yet another competitive bid to eat rival Omgeo’s lunch. The planned SSI repository…
SWIFT Launches SSI Initiatives to Reduce Settlement Errors and Increase Automation
SWIFT, the financial messaging provider for more than 9,500 financial institutions and corporations in 209 countries, today announced the roll-out of a range of new initiatives designed to reduce costly settlement errors and improve the rates of automation of Standing Settlement Instructions (SSIs). SWIFT’s initiatives are a response to the industry need for greater efficiency…
Number Crunching
For those of you put off by the thought of wading through the responses received by the Office of Financial Research (OFR) last week on the subject of legal entity identification (or even reading through our rather lengthy and comprehensive guide on the subject), here are a few headline numbers to make it more easily…
A Peek Behind the Curtain of the OFR
This week I chatted to Shaun Brady, principal at not for profit advisory firm to the US government Mitre Corporation, about some of the work going on behind the scenes on Capitol Hill regarding the selection process for a technology provider and the finding of a suitable director to head up the Office of Financial…
ISDA Releases FpML Survey
The International Swaps and Derivatives Association, Inc. (ISDA) today released the results of its Financial products Markup Language (FpML) survey. The survey was designed to gauge the current use of FpML and planned applications going forward. FpML is the freely licensed business information exchange standard for electronic dealing and processing of privately negotiated derivatives and…
Bloomberg’s Warms Responds to Data Manager Feedback on the BBGID
Earlier this month, three data manager readers of Reference Data Review provided feedback on the Bloomberg Global ID (BBGID), which lies at the heart of the data vendor’s open symbology initiative. In response to these queries, Peter Warms, global head of Bloomberg’s global identifiers and symbology, explains that BBGID will remain free and comes with no restrictions…
DTCC and MarkitSERV Collaborate with AcadiaSoft to Automate Collateral Messaging and Reduce Risk in OTC Derivative Markets
The Depository Trust & Clearing Corporation (DTCC), MarkitSERV and AcadiaSoft today announced that they are working to deliver a joint solution for improving communication related to setting and maintaining the collateral required between counterparties to over-the-counter (OTC) derivative transactions. The solution is the first step taken by the three companies to develop a multi-functional collateral…
More Practitioner Feedback on the BBGID: Great Potential But More Definition Needed
Bloomberg’s new global identifier, dubbed the BBGID, is causing something of a stir within the data manager community and Reference Data Review has received more feedback on the subject this week, following on from the comments from two practitioners last week. A securities reference data practice manager at a large US investment bank explains his…
InfoReach Proposes Universal “Ticker” Symbols to Test Trade and Routing Connectivity without Risk
Global electronic trading technology provider InfoReach is pioneering an initiative to reduce common problems and costs that arise during the process of enabling connectivity between trading counterparties. Through the collaborative use of a single set of “fake” symbols, market participants can verify live routing and trading capabilities and test new algorithms without the need to…
Two Data Managers Provide Feedback on Bloomberg’s BBGID
Bloomberg may be making a big song and dance about its open symbology initiative (BSYM), but it’s the data vendor’s Bloomberg Global ID (BBGID) that has caught the attention of many Reference Data Review readers. Two intrepid data managers have provided their feedback on the identifier’s potential for the market, which (rumour has it) Bloomberg has promised…