On 21 Jul 2008 in RDR-Downstream Applications, RDR-The Corporation, Reference Data Review 
Netik has signed a partnership agreement with Advent Software to integrate Advent’s portfolio management and fund accounting solution, Geneva, with its data service solution and utility for reference and market data, Netik Global Securities Master (GSM). According to both vendors, the combined solution is aimed at providing hedge funds, prime brokers and fund administrators with a best of breed solution for reference and market data.
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On 17 Jul 2008 in RDR-Downstream Applications, Reference Data Review
Provider of reference data distribution products PolarLake has launched a standalone reference data reconciliation solution aimed at fixing the problem of poor reference data quality in downstream systems. The vendor has created the solution as part of plans to develop modular solutions for the market and extend its client reach.
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On 07 Jul 2008 in RDR-Downstream Applications, Reference Data Review
Provider of reference data distribution products PolarLake has launched a standalone reference data reconciliation solution aimed at fixing the problem of poor reference data quality in downstream systems. The vendor has created the new solution as part of its plans to develop modular solutions for the market and extend its client reach.
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On 01 Sep 2007 in RDR-Downstream Applications, RDR-Market Research, Reference Data Review
In its new report, Managing the Rapids of Downstream Data Connectivity, analyst Aite Group predicts spending on downstream connectivity around enterprise data management projects in Europe and the US will exceed $2.5 billion in 2008. The report also finds that EDM projects typically mature an average of three years before firms really start to tackle downstream connectivity. Only 10 per cent of an initial EDM budget is allocated to downstream connectivity, on average. Internal IT produces 57 per cent of all connectors. Integration vendors such as PolarLake (Reference Data Review, March 2007) are rounding on the downstream data distribution element of the EDM puzzle, but according to the report’s author Aite analyst Adam Honore third-party solutions haven’t made much impact here yet. “It’s not often that I’ll say there is room for more vendors to enter a space, but in this case I would certainly say that,” he comments.
On 01 Jul 2007 in RDR-Downstream Applications, Reference Data Review
OpenLink, a provider of cross-asset trading, risk management and operations processing software solutions, has released Version 8.1 of its Findur credit derivatives trading platform. Among other enhancements, the new version offers an interface to derivatives data services from Markit Group as well as access to instrument data from Bloomberg.
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On 01 Jul 2007 in RDR-Downstream Applications, Reference Data Review
Dublin-based PolarLake has tailored its reference data distribution capabilities to create a trade lifecycle solution for the OTC derivatives marketplace. The new platform provides integration of FpML (Financial Products Markup Language)-based trade messages, reconciliation and trade matching, and business process management for OTC derivatives.
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On 01 Jul 2007 in RDR-Downstream Applications, Reference Data Review
Swiss private bank Pictet & Co. has emerged as one of several asset management organizations that have applied Rimes Technologies SmartFiles custom data file service to their performance attribution operations. Rimes’ SmartFiles is providing firms like Pictet with a normalized and aggregated feed of benchmark, pricing and other data sourced from numerous and disparate suppliers, effectively outsourcing the data management, cleansing and consolidation function to Rimes.
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On 01 Jul 2007 in RDR-Downstream Applications, Reference Data Review
Reuters’ new JRisk On Demand, a tailored risk management solution for hedge funds developed by the Applied Networks unit that it acquired last year, not only delivers real-time risk management tools directly to individual managers’ desktops, but aims to provide “enormous” cost benefits to clients through access to Reuters reference and terms and conditions data.
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On 01 May 2007 in RDR-Downstream Applications, Reference Data Review
Standard & Poor’s has partnered with risk analytics provider Advanced Portfolio Technologies (APT) and Aquin Components, supplier of compliance software, to create a risk management ASP, RiskComply. For S&P, the launch of RiskComply is one outcome of a strategy initiated last year to formulate new ways of meeting the requirements of small and medium sized asset managers for reference data to support risk and compliance activities (Reference Data Review, October 2006).
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