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Technology Capabilities Could Enable Algorithmic Descriptions for Derivatives, But Standardisation is Lacking
Following their request for input from the industry back in December, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have published a paper outlining the findings of their joint study to examine the feasibility of adopting new algorithmic codes to identify complex and standardised derivatives. The study indicates that the…
European Commission’s Almunia Highlights Ongoing Investigations of S&P for ISINs and Thomson Reuters for RICs
Quite some time has passed since the European Commission kicked off its investigation into Standard & Poor’s pricing practices concerning International Securities Identification Numbers (ISINs) back at the start of 2009 and, later in the year, into Thomson Reuters’ licensing of its proprietary data codes. However, the Commission is still deliberating on the outcome of…
Birla Sun Life Mutual Fund Now Live on Omgeo CTM and Omgeo ALERT
Omgeo, the global standard for post-trade efficiency, today announced that Birla Sun Life Asset Management Company Ltd, one of India’s flagship mutual fund managers, is the first domestic fund manager in India to go live on Omgeo Central Trade Manager (Omgeo CTM) and Omgeo ALERT, for cross border post-trade processing and standing settlement and account…
Staying Alert
Omgeo is keeping a close eye on developments at Swift, but for now, the standing settlement instruction (SSI) space is one of coexistence rather than competition. Earlier this year, Swift announced that it would be launching a new SSI repository and directory but did not fully elaborate on its ambitions. For now, the network operator…
A Lack of Choice
A dominant theme from this week’s A-Team Group and SmartStream roundtable on data management challenges for the buy side in 2011 was the lack of viable alternatives in the market when it comes to both standards and data management industry groups or associations to join. A case in point was raised by a member of…
The Talk of TSAM
There’s nothing like a good bit of gossip and industry conference floors are often a hotbed of such activity; this year’s TSAM was a case in point. The talk of the show floor within the back office buy side community, much the same as last year’s FIMA, was legal entity identification, including Swift’s decision to…
ProFinance Chooses SIX Telekurs Data for its Bond Solutions Software
SIX Telekurs, a financial information provider is pleased to announce a partnership with ProFinance Services, a financial advisory firm providing financial research and investment solutions, that will bring together their experience in data collection and investment solution tools. Banks and non-banks will be offered innovative solutions for the analysis and selection of financial assets. Built…
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…