London-based data vendor Exchange Data International (EDI) is launching what its founder calls “a complete replacement service” for the corporate actions data services from NYSE and other major exchanges that will be priced at less than half of the redistribution costs charged by exchanges companies. “EDI has a policy of not kowtowing to egregious exchange… Read More >>
New SmartStream RDU CEO to Push Ops Utility
SmartStream has found a true believer in the industry utility concept and has made industry veteran Peter Moss the next CEO of the SmartStream Reference Data Utility (RDU). The RDU is a managed service that delivers reference data for regulatory reporting, trade processing and risk management operations in a supposedly more cost-effective utility approach, officials… Read More >>
SWIFT Survey Finds Jump in Corporate Actions Projects
A joint survey of 117 organizations conducted by financial messaging cooperative SWIFT and specialist consultancy CityIQ finds that the investment in automation tools for corporate actions processing has grown since the last survey in 2012 because firms have to cope with increases in volume and client demands, and need to cut costs while improving the… Read More >>
Information Mosaic: ‘15022 Adoption Wave Has Passed’
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The ISO 15022 adoption wave has passed. The flaws, particularly the non-extendibility and inability to capture all the relevant information in a structured format, are well-recognized by the industry. A new trend in Asia-Pacific saw a major exchange implement a… Read More >>
