Inventory
MDSL cuts data vets, retools to focus on technical sales
The loss of experienced data specialists has shocked some industry execs, but the vendor says its plan to train a new cadre of technically focused staff will result in better service overall.
Project Octopus becomes Octaura, killing BofA’s Instinct platform and Citi Velocity trading protocol
Backed by the banks in the Project Octopus consortium, the new, independent company will launch this year with a focus on new trading protocols and integrated data analytics. At the same time, Bank of America will sunset its single-dealer loan trading…
Exchanges, vendors reinvent inventory management platforms to enable sales
Data sources are realizing they can leverage end-user inventory management tools to streamline their side of the data sales and licensing process.
This Week: TP Icap, Confluence, Bloomberg, Iress-Cosaic, Tradeweb, SmartStream, and more
A summary of some of the past week’s financial technology news
TRG Screen acquires Jordan & Jordan’s market data compliance & reporting unit
TRG will combine J&J's six-year-old MDR managed service for data reporting with its own similar ADS declarations service.
Refinitiv’s API Rebrand Rankles Users
Because of its acquisition and subsequent rebrand, Refinitiv is being forced to change instances of its old branding that remain embedded in many of its APIs. This might sound like a simple change, but end-users are worried that it could be a costly fix.
TRG Screen Melds FITS, InfoMatch for Next-Gen Data Cost Management Platform
The first iterations of the new Optimize platform will be available early next year.
EKG Foundation Preps Industry Consultation, Touts Benefits of Knowledge Graphs for Capital Markets
EKGs will allow financial firms to take advantage of new and existing datasets to serve purposes from upselling, AML and KYC, and regulatory reporting.
MarketAxess Looks to Give Dealers Additional Axe Control
The tool allows dealers to stream axes to clients with customizable control over visibility.
TRG Adds Contract Usage Rights Data to FITS Inventory Platform
The new rights management capability allows firms to manage compliance with the terms of their data contracts in the same system they use to manage their data inventory and costs.
TRG Screen Buys Partner MDI to Boost Managed Data Services
The deal will allow MDI to provide other TRG offerings as fully managed services, and to benefit from being part of a larger company.
TRG Screen Integrates PEAR Policy Database After Axon Acquisition
The integration of PEAR, acquired last year, is a further step towards integrating the vendor's key data inventory management platforms, FITS and InfoMatch.
VendEx Readies VReg Tool to Shed Light on Vendor Dependencies
VReg will highlight the third-party services that financial institutions rely on most to meet each aspect of regulations.
Banks Begin Testing MDSL-FactSet Auto-Procurement
The service automates the process of permissioning and ordering market data services—initially from FactSet, though MDSL is extending it to cover other vendors' services.
Xignite Taps Xpansion’s Xmon Tool for Web Services Data Monitoring
Vendors say their integrated solution will deliver significant data cost savings for firms by implementing usage tracking and controls.
TRG Strikes Distribution Deal with Xpansion for Feeds Usage Monitoring
Officials say the move completes TRG’s lineup of tools to provide “one-stop shop” data usage monitoring.
TRG Screen Buys Axon to Weld Policy, Compliance Skillsets
The two companies plan to capitalize on synergies and cross-selling opportunities by integrating Axon's data policy information into TRG's license and inventory management tools.
TRG Screen Splits Technology, Product Roles, Names New CTO
Splitting out the vendor's development and product functions will help the company scale as it accelerates its growth, officials say.
Apex Cuts Data Cost of Acquisitions
The fund administrator is halfway through a project to eliminate duplicative data spend across its core business and acquisitions, reducing costs while consolidating sourcing to a core base of vendor relationships.
Consultancy ISN Creates Data Tech Vendor Spinoff
After creating its VendorScape tool to support client optimization projects, ISN spotted a broader opportunity to create a suite of data management solutions.
TRG Screen Expands ResearchMonitor Tool to Measure Installed Data, Software Usage
The update expands the breadth and depth of TRG Screen's usage monitoring capabilities, allowing firms to better understand and incorporate usage data into renewal or cancellation decisions.
Data Cost Management 2.0: New Tricks for Old Dogs
Data is the third-largest expense for the financial industry, so firms are getting creative when it comes to cost control.
TRG Screen Expands Index Data Cost Management Features
The new module will allow firms to manage their index licenses, costs, and composition of index families within the same application.
IMD Hall of Fame: Ben Mendoza, Chairman, MDSL
IMD/IRD Awards 2018