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S&P Under Investigation by European Commission for Pricing of ISINs
All eyes will be on the European Commission as it investigates Standard & Poor’s pricing practices concerning International Securities Identification Numbers (ISINs). The EC launched its inquiry this month, and many will see the outcome as a precedent for numbering agencies’ future ability to charge consumers and redistributors for the identification codes it administers. The…
European MTFs Continue Data Discussions for Pricing Service
Originally appeared in MiFID Monitor Following the announcement towards the end of last year that a group of European multilateral trading facilities (MTFs) would be working together to develop a common symbology system and pricing data service for European stocks, the group has indicated it is conducting meetings regarding the plans this week. The group,…
SIX Telekurs Reaches 5m Milestone for Database Instrument Coverage
SIX Telekurs has passed the five million milestone for the number of international instruments covered by its reference database. The recently restructured vendor says the database has witnessed steep continual growth over the past year. The increase in financial data covered by the company can also be partly attributed to the acquisition of Fininfo SA…
Markit and S&P’s Cusip Service Bureau Partner for Universal ID for Loan Market
Following its announcement at the start October that it would be partnering with Standard & Poor’s (S&P), Markit indicates the two vendors are now working together to create a universal identification system for the loan market. The vendor is partnering with S&P’s Cusip Service Bureau with the aim of improving transparency and liquidity in the…
We Can’t Solve the Problems with the Same Thinking That Created Them; Radical Solution is Required to Solve Data Problems, says Avox’s Price
Radical thinking on industry business models is needed in such disastrous times, proselytised Avox’s Ken Price at FIMA this morning. He suggests turning the traditional ‘user in the middle sources multiple vendors’ model on its head so that the users, who after all generate most of the data themselves, become the centre of the model…
Optimism Abounds at FIMA Data Integration Stream
In spite of – or, indeed, maybe because of – the grim news emanating from the financial pages in recent weeks, enterprise data management practitioners have much to be optimistic about. That was at least the impression given by presenters in the Data Integration stream of the FIMA Financial Data Management Conference Wednesday afternoon. Stream…
Will SLA’s be Re-Evaluated After Tumultuous Times Highlight Response Issues?
Service level agreements were a key topic in this morning’s roundtable discussions at FIMA 2008, with one data manager at a Tier 1 financial institution suggesting that many SLA’s are now likely to be revisited in order to achieve better responses from their data suppliers after the current market conditions highlighted the need for faster…
Pampapathi Advocates UPS Courier Model for Data Metrics Projects to FIMA 2008 Delegation
Institutions should follow the model of courier firms such as UPS when designing their data management frameworks, Dr Vinay Pampapathi, executive director of the technology division at Daiwa Securities SMBC Europe, told the delegates in attendance at this morning’s opening session to FIMA 2008. Using this model, institutions are able to track various data quality…
Understanding Risk is Key to Effective Data Management, Says BNY M’s Cox
Institutions need to invest in automated processes and good quality staff in order to adequately assess their risk exposure within data management process, said BNY Mellon’s Matthew Cox, head of securities data management, EMEA. They also need to understand the internal risks that are posed by bad quality data and examine what vendors can and…
Institutions and Vendors Need to Carefully Agree on Metrics as a Scorecard for Performance
During this afternoon’s vendor/client double act, Tommy Drummond from vendor Informatica and Benjamin Gavin from insurer Norwich Union explained the benefits of a scorecard against which to measure data quality. They demonstrated to FIMA delegates the benefits of clear data quality metrics via a practical case study. The metrics and targets for projects must be…