Data Management Insight Standards The latest content from across the platform
And So it Begins…
Sibos 2010 kicked off this morning to a rather drizzly but promising start; with around 8,000 odd delegates registered for the annual Swift user conference in Amsterdam, it’s set to be a busy week. The securities market infrastructure session began proceedings by debating the benefits of competition versus consolidation in the evolving global market: a…
The Waiting Game: Standards in Corporate Actions Processing
There has been some real action of late in the standards space for corporate actions. In the US, the SEC issued a requirement for corporations to report in XBRL, and the XBRL US organisation has announced a project with the DTCC and Swift to tie the standard into ISO 20022, all of which could optimistically…
Rumours and Rumblings
Once again, the reference data utility was the talk of last night’s EDM Council roundtable event, but more interesting than the discussions on the stage, were the rumours being discussed amongst attendees. For one, there seemed to be a general consensus that it was only a matter of time before the US government announces the…
Behind the Scenes
One week to go before Sibos and, according to Swift’s figures from today, there are 7,489 delegates signed up so far. Let’s hope at least some of that number care about reference data; otherwise the utility panel on the first day might be a little quiet (apart from the panellists that is). And it is…
A Blip is Back on the Radar
Earlier this year I noted that all had gone quiet on the Western Front with regards to the securities industry’s grand plans for an “investment roadmap” for standards. Although Swift and other industry bodies had been talking about interoperability, not much had been said in reference directly to the roadmap. Not so this week, however,…
Bloomberg Bows to Pressure to Maintain Support for BUID Indefinitely
The migration plans of data giant Bloomberg to gradually move users from its BUID identifier to its new Bloomberg Global ID (BBGID), which is at the heart of its open symbology initiative, have hit a roadblock. Users have exerted pressure on the vendor to step back from the initial migration timeline and to maintain support…
Interactive Data Offers New Evaluated Pricing Challenge Portal
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it now offers an innovative client management and compliance oversight tool, which is designed to provide audit trails and compliance reports for a firm’s pricing challenge process. This new, easy to use web-based challenge portal can increase client workflow…
Resolving Symbols and Enabling Choice (Sponsored Article)
By Mark Woolfenden, managing director of FOW TRADEdata The choice of and the investment in trading solutions for both the buy side and sell side of the derivatives industry is an important determinant in the degree to which competition exists in brokerage and other trading related services. Well managed instrument symbology enables sell side firms…
Swift to Reduce Message Prices by an Average 20 Percent
Swift, the provider of global financial messaging services, announced today that it is reducing the price of messages on its core FIN service by an average of 20 percent. This will represent an estimated saving of EUR 70 million for Swift customers in 2011. The new pricing plan takes effect on 1 January 2011. “We…
Expanding Global Identifiers in Complex Assets and Other Areas
In the post-credit crisis financial services industry, risk management, compliance and transparency have emerged as focus points for review with provision of accurate and timely data recognised as a critical element of success. Fundamental to data provision is the accurate identification of both financial instruments and counterparties – without which you cannot truly measure your…