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What the Industry Wants the Regulators to Know About Reference Data…

As noted in my previous blog, a regulatory driven reference data utility is on its way for the US market, but it seems that not many of you out there are convinced this is the right step to be taking. My fellow panellists at a recent corporate actions focused event in London indicated that they…

Handling Electronic Records and Dealing with Risk Management

By Robert Jones, legal consultant at Kroll Ontrack, and John Doherty, litigation partner at Manches What other challenges and benefits might arise when addressing the most effective management of electronically stored information? The Information Commissioner’s Office recently announced new fines to deter breaches of the law in relation to personal, which could see organisations being…

UBS Using Front Office Technology to Deal With Reference Data Processing, Says Berry

In a move that confirms that the worlds of the front office and the back office are moving ever closer, UBS’ executive in charge of market data sourcing and strategy, David Berry has indicated that the bank is using Celoxica’s hardware appliance-based data feed handlers to process its market and reference data. The rationale behind…

Logicscope Connects to Ice for Real-Time Post-Trade STP

Logicscope, a provider of post-trade STP between trading venues and their customers, has added IntercontinentalExchange (ICE) to its prestigious community of execution venues. By connecting to TradeSTP, Logicscope’s post-trade platform, clients can receive real-time post trade notifications for any asset traded on the market leading ICE electronic trading platform, transformed and delivered seamlessly into any…

Operational Risk Could be Data’s Best Friend

By Daniel Simpson, CEO of Cadis The story is one we’ve heard before – we’ve slowly come to recognise the importance of an issue, some of us have even started to do something about it but mostly it’s much discussed and remains on the ‘to do’ pile. So what is the tale this time? That…

The Season for (Social) Networking?

Social networking websites have proved to be the journalist’s stock barometer this year in terms of measuring industry or consumer appetite for anything from the taste of Marmite to political opinion. The creation of a Facebook group in opposition to a certain political decision, or for that matter, celebrity happening, is taken as a straw…

ECB’s Reference Data Utility Plans Not Practical Enough, Say RDR Readers

It seems that the majority of Reference Data Review readers out there remain sceptical of the European Central Bank’s (ECB) proposed reference data utility. According to the results of out October reader poll, 43% of you do not think the proposals are practical enough to warrant being considered a desirable concept for the market. The…

SmartStream Launches Reference Data Utility Offering, Announces First Client

As first revealed by Reference Data Review in May last year, the Dubai International Financial Centre’s (DIFC) DClear subsidiary has been working on a reference data utility for some time. DClear Utilities, which is now a part of DIFC owned SmartStream Technologies, has now officially been launched on the market and has just bagged its…

IASB Indicates Will Expedite Overhaul of IAS39 in Line with EU Government Requests

Following complaints by European Union finance ministers about a disparity between accounting standards in the region and the US, the International Accounting Standards Board (IASB) has indicated that it will speed up the decision making process with regards to altering the rules in question. The IASB had originally planned a revision of IAS39 to be…

Fed’s Bernanke Champions Mark to Market But Says Illiquid Securities Issue Needs Resolution

Federal Reserve chairman Ben Bernanke has added his voice to the debate about mark to market accounting rules this week. Bernanke is in favour of the controversial accounting rules, which require companies to write down assets every quarter to reflect market value, but cautions that regulators urgently need to deal with the issues surrounding the…