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EDI challenges NYSE corporate actions monopoly

EDI logo

Exchange Data International (EDI) says it has broken the NYSE corporate actions monopoly with its launch of a “like-for-like service at less than 50% of the redistribution costs charged by NYSE”.

Reference data management: utility is the future

Philippe Chambadal, SmartStream: "The future is in utility"

So here is a major headache for the treasury and capital markets industry: the cost line remains dead flat but the revenue line has dropped off the cliff. Utility is the answer to the market woes, strongly believes Philippe Chambadal, CEO of SmartStream Technologies. He talks to Tanya Andreasyan about SmartStream’s initiative in this space. […]

Why is it so hard to know who you’re doing business with?

Steve Goldstein is

Every bank wants to achieve a single view of a customer, but no-one has found an easy, cost-effective, scalable way to do it. The simple fact is that there is too much customer information, entering the bank from too many places, to align and maintain into a single view. An effective solution would reduce costs, allow the bank to generate revenue faster, facilitate KYC processes and meet regulatory requirements.

Thomson Reuters to supply reference data to SmartStream utility to carry

Thomson Reuters is to supply reference data to SmartStream’s Securities Product Reference Data utility. As part of the agreement, SmartStream will have access to Thomson Reuters PermID, a machine-readable identifier that creates a unique reference for any data item. The SmartStream utility will provide services for instrument reference data normalisation and validation across all asset. […]

DTCC Data Products to centralise data provisioning and access

Post-trade market infrastructure the Depository Trust & Clearing Corporation has launched a new centralised data provisioning service, DTCC Data Products and expanded its exchange traded funds and ISO 20022 corporate actions data offerings.

McKenna to head standards at Global Legal Entity Identifier Foundation

karla-mckenna

Karla McKenna has been named head of standards at the Global Legal Entity Identifier Foundation on a year’s secondment from Citi, where she is director of market practice and standards.

Russia’s NSD revamps reference data amid transparency drive

Russia's NSD is seeking to restore trust through improved data collection

Russia’s NSD central securities depository has launched a joint project with Interfax information agency to coordinate their efforts for the development of a system of assessing the fair value of financial instruments. The move is part of an ongoing government reform agenda designed to turn Moscow into an international financial centre.

Regulations raise new questions about industry standards

Chris-Pickles-2015

Financial market regulations across the globe are increasingly focusing on risk management. This includes ensuring it is clear who firms are trading with and for, and confirming that firms can identify the instruments being traded. As a result, the field of reference data is increasingly held under the regulatory microscope and that lens extends to the standards used to identify financial instruments, writes Chris Pickles.

Breaking down BCBS 239

Neill Vanling is managing director, global sales and client operations at GoldenSource

January’s Basel Committee on Banking Supervision report on banks’ progress towards BCBS 239 compliance threw up a telling contradiction. While global systemically important banks “are increasingly aware of the importance” of the BCBS 239 project, their sense of preparedness has decreased. In 2013, 10 of the 31 eligible banks reported they would be unable to comply fully by the 2016 deadline. This year, that number rose to 14. It is understandable that there is more work to be done, but how is it that the G-SIBs are moving backwards?

Bringing it all together

Interview Steve Goldstein

From the early days of internet distribution, New York-based Alacra has been aggregating reference data. Chief executive Steve Goldstein told David Bannister the company’s story

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