Simon Tweddle, director of risk management at Mizuho International, is a firm believer in assigning data ownership in order to effectively monitor data quality across a financial institution. Speaking at last week’s Thomson Reuters event in London, Tweddle explained that Mizuho has recently put the management of its global reference and market data back on the agenda in order to ensure its regional and local operations are all working from the same set of data.
The days of paying mere lip service to the goal of improving data quality and living with “spaghetti-like” data infrastructures are soon to be gone, said Deutsche Bank’s head of reference data services, Neil Fletcher, to those in attendance at last week’s Thomson Reuters event. His own firm is much more aware of the importance of data quality at a senior level and has therefore been compelled to embark on a long term project to ensure that all of its downstream systems get data from the same logical place on a global basis, he explained.
UK-based clearer LCH.Clearnet is mid-way through a significant project to revamp its internal data architecture, according to Martin Taylor, group chief information officer at the clearer. Taylor told attendees to last week’s Thomson Reuters organised data management roundtable that the clearer is six months into a project that will deliver a more standardised approach to data management via the move to a master data management (MDM) structure and the implementation of a new data warehouse.
Corporate actions data cleansing solution provider Fidelity ActionsXchange has bagged its first customer of the year with the signing of Knight Capital Group’s clearing subsidiary Knight Clearing Services. Laura Pollard, executive vice president and head of Fidelity ActionsXchange, explains that the vendor has been working with Knight, which is focused on the trade execution and clearing space for broker dealers, for around a year on the implementation. Although this is a win for the more traditional end of Fidelity ActionsXchange’s business, the vendor remains focused on deliverables related to the expansion of its remit, Pollard tells A-Team Insight.
Following its move into the corporate actions space in November last year (see our coverage 
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
Since its decision to sign up for the MoneyMate investment data management solution in October last year, Schroders has been working closely with the vendor to control the aggregation and cleansing of their product information for presentation on websites. Gerard Walsh, head of change management for the web and customer relationship management (CRM) at Schroders, and Ronan Brennan, chief technology officer at MoneyMate, explain that the solution is aimed at enhancing the timeliness, accuracy and consistency of Schroders’ product information, which is communicated to their clients and distribution channels.
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