Data Management Insight Standards The latest content from across the platform
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…
Credit Suisse Adopts SSPA Terminology for Structured Products
Credit Suisse announced today that from the start of January 2011, the bank will align the terminology for its structured products with the categorisation model of the Swiss Structured Products Association (SSPA). This step is a measure to increase coherence of terminology and the comparability of products in the future. Credit Suisse has decided to…
Swift Contemplates Use of Online Platform for Collaborative Standards Development
Swift has spent a lot of this year focused on honing its standards development message for the market and, in this vein, lead standards analyst Tom Alaerts has suggested that the industry network operator could use social media and an online platform to improve the standards development process itself. By providing a forum for open…
Fortune SGAM Adopts Omgeo Alert and Omgeo CTM Via Hundsun
Omgeo, the global standard for post-trade efficiency, today announced that Fortune SGAM, one of China’s leading investment management firms, is the first company to go live on the Omgeo-Hundsun interface for cross border post-trade processing. The Omgeo-Hundsun interface was established in June 2010 after the two companies entered into a global alliance agreement the previous…
CFTC and SEC Seek Input on Joint Proposals for New Algorithmic Descriptions for Complex and Standardised Derivatives
In line with the Dodd-Frank Act’s push to get derivatives onto exchanges and centrally cleared, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have set up a joint study to examine the feasibility of adopting new standardised computer readable codes to identify complex and standardised derivatives. The request for comment…
Omgeo ALERT Furthers Market Leadership with More Than 500,000 Funds Represented Globally
Omgeo, the global standard for post-trade efficiency, today announced that Omgeo ALERT, the world’s largest and most compliant web-based global database for the maintenance and communication of standing settlement and account instructions (SSI), has experienced unprecedented client growth going into 2011 with over 1,700 clients globally. As a result of continued market turbulence and regulatory…
UBS’ Berry Sounds Call for an End to Vendor Identifier Complexity via Regulation, Again
In keeping with his work for the Information Providers User Group (IPUG), David Berry, executive in charge of market data sourcing and strategy at UBS, called for an end to vendor complexity by eliminating the use of proprietary instrument identifiers. “Vendors introduce complexity into the market by attempting to differentiate themselves on the basis of…
Goldman’s Perry Highlights Instrument Data Challenges of the OTC Derivatives Reforms Within Dodd Frank
The reform of the OTC derivatives markets as part of the US Dodd Frank Act will likely cause a whole heap of instrument identification challenges, according to Jim Perry, vice president of product data quality at Goldman Sachs. Speaking at last week’s FIMA conference in London, Perry indicated that the central clearing of these products…