Data Management Insight Standards The latest content from across the platform
Volante Earns 2009 Swift Label For SwiftReady Messaging Data Services
Volante Designer for Swift has once again received early certification for the 2009 gold label in SwiftReady Messaging Data Services (MDS). “As always, Volante Designer stands out as a comprehensive messaging data solution for handling Swift messages of all types,” says Eric Meirlaen, business analyst at Swift. “Its metadata-based architecture enables customers to benefit from…
DTCC Values Additional CDS Contracts in Trade Information Warehouse at US$5.7 Trillion
The Depository Trust & Clearing Corporation (DTCC) reported today that 216,765 credit default swaps (CDS) contracts valued at approximately US$5.7 trillion in gross notional value were entered into its Trade Information Warehouse (Warehouse) by market participants in the global OTC derivatives market. These trade submissions met in part industry commitments made to the Federal Reserve…
FISD and Lakefront Data Salary Survey Highlights Data Management’s Modest Pay Scales
It is no secret that data management is a part of the financial services industry that has long been underfunded in comparison to other areas. To back up the anecdotal data that already exists about the plight of the data manager, the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA)…
Reval Aims to Serve as Trade Repository for OTC Derivatives
In an effort to aid its corporate clients as well as the Obama administration’s plans to bring transparency to the US$592 trillion OTC derivatives market, Reval, a global provider of derivative risk management and hedge accounting solutions, has announced its intent to serve as a trade repository for OTC derivatives used by corporate end users….
Aim Software and Interactive Data Launch Sixth Edition of the Aim Global Reference Data and Risk Management Survey
Aim Software today announced the launch of its sixth international reference data and risk management survey. It is designed to provide insights into the trends, challenges and planned investments for reference data automation and risk management in 2009. The survey is sponsored by Interactive Data (Europe). As the global financial markets become accustomed to a…
CESR Elaborates on OTC Derivatives Identifiers for Transaction Reporting
The Committee of European Securities Regulators (CESR) has published a consultation paper recommending the adoption a set of identifiers and classifications for OTC derivatives for the purpose of including those instruments in the exchange of transaction reports amongst CESR members. These reports are currently exchanged between regulatory authorities via an IT system, dubbed the Transaction…
DTCC’s Donahue Champions Single Trade Repository for OTC Derivatives
Donald Donahue, chairman and CEO of the Depository Trust & Clearing Corporation (DTCC), today stressed that a single trade repository for OTC derivatives contracts is essential to mitigating risk and enhancing transparency in the market. Donahue made his remarks as part of his keynote address at a US Chamber of Commerce discussion titled “Modernising Derivatives…
Catalyst or Bureaucratic Encumbrance?
Does the industry really need a central reference data utility in order to achieve a greater level of standardisation across the market? Should the European Central Bank (ECB) be in charge of leading such a global initiative? Would a commercially focused venture be more successful in this endeavour? These are all questions that have been…
Buy Side Firms Must Take Heed of the Scale of the Changes Required as a Result of the OSI, Say TowerGroup and Capco
The buy side must understand and appreciate the urgency of preparing adequately for the incoming Options Symbology Initiative (OSI), said speakers during Capco’s recent webinar on the subject. The move to the Options Clearing Corporation’s (OCC) 21 character OSI code in order to support non-standard options will impact every level of a firm’s operations, warned…
Swift Selects Quantum4D to Provide Data Interface to SwiftNet
Swift is now using Quantum4D’s holographic analytics software platform to improve its ability to model its global network and understand its structure. Annually, as many as three billion messages go around the world via the Swift network. The challenge was to see how new developments in next generation interfaces might improve Swift’s ability to see…