Delta RDF Implementation on Track to Deliver Data Vendor Feed Plug and Play Functionality, Says Algorithmics’ Orde

Risk management solution vendor Algorithmics’ decision to roll out First Derivatives’ Delta Reference Data Factory as its new core reference data engine (announced last week, see coverage here) was driven by a desire to reduce new client implementation times and to allow for a more plug and play approach to changing existing customers’ data feeds, according to Roger Orde, senior director of Algo Risk Service at Algorithmics. The vendors have been in discussions about a possible rollout for quite some time, around three years in fact, but these discussions only became serious within the last eight to 12 months, as Algorithmics felt the pressure of increasing client numbers on its in-house data management system.

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19 Jul 2010
 
 
Opinion: Asia Markets Seek to Balance Regulation Against Growth Imperative

By Neil McGovern, Director of Financial Services Marketing, Sybase

Neil McGovern From January 2009 to January 2010, China’s stock markets bounded up by approximately 80%, India’s by around 60% and Hong Kong’s, Taiwan’s, Singapore’s and even South Korea’s markets all were up by 40% or better—while the US and euro zone markets were stuck at around 15%.

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16 Jul 2010
 
Sophis Wins Contract for China Re Asset Management FREE - A-Team Wire

15 Jul 2010
 
 
 
Algorithmics Signs up for First Derivatives’ Delta Reference Data Factory as its New Reference Data Engine

If further proof was needed of the importance of reference data management to the risk function (see coverage here, for example), the news that risk management solution provider Algorithmics has decided to invest in a new core reference data engine should provide it. Algorithmics has signed up for First Derivatives’ Delta Reference Data Factory, which the vendor acquired along with RDF back in October last year (see our coverage here), in order to feed its risk management systems with accurate, cleansed reference data.

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13 Jul 2010
 
SEI Unveils New Liquidity Management Tool FREE - A-Team Wire

13 Jul 2010
 
 
Start-up Hedge Fund Turns to Traiana for Post-trade Processing

Hedge fund start-up Galle Global Macro Partners has implemented Traiana’s Harmony solution for real-time foreign exchange post-trade processing and is working towards using the vendor’s latest developments in futures and equities post-trade processing.

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09 Jul 2010
 
BarCap’s Duncan Elaborates on Increased Regulatory Driven Investment in Risk Management

In line with the marked increase in risk related regulation this year, many financial institutions have been compelled to step up their efforts in the space in order to be able to cope with the deluge of new requirements. Speaking at last week’s FS Club in London, Ed Duncan, global head of regulatory liaison and capital management at Barclays Capital, noted that his own firm has increased its risk resources over the last 18 months in order to deal with the challenges, which include pulling together the relevant risk and reference data from across vertical silos and legacy infrastructure.

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07 Jul 2010
 
 
 
 
 
Xtrakter’s Response to CESR MiFID Review Highlights Costly Challenges of Client Identification

Following the publication of the Committee of European Securities Regulators’ (CESR) consultation papers on MiFID earlier this year (see our coverage of the non-equity transparency paper here), industry groups have submitted their responses to the proposals, including providing feedback on the potential data costs and system requirements to cope with the changes. To this end, the British Bankers’ Association (BBA) and Xtrakter Transaction Reporting Working Group is one such group that has raised the issue of the “large start up costs and ongoing maintenance costs” of collecting client identifiers.

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05 Jul 2010
 
Virginie’s Blog – The Ripple Effect

The news last week that entity and counterparty data specialist provider Avox had been snapped up by a willing party in the form of the Depository Trust & Clearing Corporation (DTCC) comes as no surprise on either front. But what does the sale mean for the other main entity data focused vendor on the scene, CounterpartyLink? Moreover, if DTCC is going down the data utility route with entity data (among other things), what of Swift’s plan to adapt the Bank Identifier Code (BIC) into a legal entity identifier?

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05 Jul 2010
 
 
Andrew’s Blog - Thomson Reuters’ Redwood Steps Down; What’s Next?

The resignation this week of Mark Redwood, head of Thomson Reuters Markets’ Sales & Trading unit, confirms Step 2 of the three-step CEO succession scenario we outlined back in March. But it appears that despite two of our three predictions coming to pass, Thomson Reuters will look outside the firm when it moves to name a successor to Markets head Devin Wenig when he assumes a role within Thomson Reuters corporate.

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02 Jul 2010
 

 

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