Data Management Insight Standards The latest content from across the platform
Lack of Standardisation Remains a Sticking Point for Counterparty Data Management, Says Panel at A-Team Group, Asset Control and Avox Event
The topic of counterparty risk is no stranger to the headlines at the moment but, despite its high profile, counterparty data management has still got a long way to go, according to speakers at a recent event organised by A-Team Group, Asset Control and Avox. Martijn Groot, director of market strategy at EDM vendor Asset…
Turquoise Joins MTF Symbology Initiative
Turquoise has joined the industry working group set up by fellow multilateral trading facilities (MTFs) to develop and maintain a uniform symbology framework for European equities. The group was formed last October by Bats Europe, Chi-X Europe and Nasdaq OMX Europe to address the challenges posed by conflicting stock symbols used in European equities trading….
Business Entity Identifiers – The Crucial Foundation for Accurate Risk Management
As the financial world continues to grapple with the fallout of the credit crisis, one thing is clear: managing risk is now paramount to the surviving financial institutions. But you can’t manage what you don’t know. Many financial institutions have been caught in the current environment through a lack of awareness of their true exposure…
OCC is Selected as New Options Symbology System Operator
Following the furore surrounding the establishment of an alternative standard to the Options Price Reporting Authority (Opra) code last year, industry participants have finally selected a suitable candidate to operate the new symbology allocation system. There were ongoing discussions throughout 2008 about the lack of agreement on the basics surrounding the introduction of a new…
Accuity Completes Acquisition of CB.Net
Accuity has completed the acquisition of payments reference data vendor CB.net as part of its efforts to bolster its customer base and extend its offering. Hugh Jones, president of payment routing data vendor Accuity, explains that CB.Net’s existing relationships with the European Payments Council (EPC) and the Euro Banking Association (EBA) were of particular appeal….
Data Practices Have to Change to Support Risk Management, Says A-Team and GoldenSource
Given the current financial climate, a large proportion of the financial services industry is engaged in changing its approach to data management in order to better support risk management, according to recently published research by A-Team Group. The research, which was commissioned by EDM vendor GoldenSource, indicates that there is a general feeling within the…
Credit Crisis Has Meant a Dramatic Shift in Derivatives Clearing, Says Sophis
The credit crisis has resulted in a dramatic shift from OTC to exchange cleared platforms for derivatives, according to the results of Sophis’ recent survey. The Derivatives Trading Outlook Survey for 2009, which included responses from chief risk officers, heads of derivatives trading, and chief investment officers, indicates that 50% of respondents will be moving…
Accuity Tipped to Buy CB.Net for Undisclosed Amount
Payments reference data vendor Accuity has indicated its intention to buy rival vendor CB.Net for an as yet undisclosed amount. According to Accuity, it is currently consulting with its partners and customers concerning the deal, which may put it into a better position in the competitive payments data market. CB.Net’s flagship product BankSearchPlus offers an…
London Stock Exchange Picks Volante Designer for Swift Message Integration into UnaVista
The London Stock Exchange (LSE) has selected Volante Designer for the integration of Swift messaging into its UnaVista engine. According to Mark Husler, head of business development for UnaVista, the integration of Volante will enable LSE to automate the processing of Swift message standards and thus reduce project implementation timescales and associated costs. LSE moved…
No ‘One Size Fits All’ Maturity Level for Data Management Projects, Says LakeFrontData
There is no ‘one size fits all’ maturity level for data management projects and firms must consider factors including size, focus, core expertise, business requirements and constraints before embarking on such a projects, according to the latest white paper from LakeFrontData. Different capability levels are therefore appropriate for different business requirements and firms must be…