DSD News

View all our company news and investigative reports complied by our DSD team.

Current Data Service Bulletins

 

• VESTDATA IS MOVING AND GOING GREEN. 13 November 2008

  • The Management and Staff of Vestdata are making their contribution to saving the planet by moving to an eco-friendly office that's closer to home for our staff, and in doing so, are reducing carbon emissions.

    Our new address and contact details can be found on our moving page

• SERVICE BULLETIN ALERT. June 2008

  • *Questionable conduct by new data vendor*

    Clients are advised to exercise due care when being solicited with 'cheap' low cost solutions as many clients have reported to us that they have been misled on what they would receive. Some of these vendors have even put in writing their offer using ambiguous terms that do not clearly set out the data feed.

    DSD (Data Solutions Division) has investigated the matter and working with our wholesalers offer this explanation so as to ease any confusion that clients may experience.

    Click for more information.

    Managed Funds Data * End of Month (Daily Feed) Vs Daily Data Feed *

    To ensure clients are accessing the correct data, based on their needs please read the following explanation of each service as defined by the data wholesaler.

    * End of Month - Daily data feed (EOM) *

    An EOM data feed for managed funds is data reported by fund managers at the end of each month NOT daily reporting or fund price movement.

    Example:
    Some fund manages may only report price movement every 6 weeks and in this case the data would be made available on the following month. The delivery of the data to the vendor is made available daily but this does not mean the fund movement is reported daily. Many vendors access this type of data as it is based on a lower cost base and promote it as a true daily data feed, which it is not.

    * Daily Data Feed (DDF) *

    A DDF is a true daily data feed where all managed funds are reported when ALL actions/movements has occurred on the day it occurs. DDF data is both a higher value and more instant picture of the funds movement resulting in no downtime or delays.

    * Suggested Action to be taken *

    To receive a true daily data feed and NOT a simple End of Month daily data feed please contact our customer service department who will confirm the exact type of data feed you are being offered and compare its structure to the industry daily data feed definition.

    In addition to this we advise clients to REQUEST A SAMPLE FILE to ensure you are not being misled - Don't be fooled... not all Data is the same.

    If you require any clarification on this matter please feel free to contact our customer service department on 03 9544 6200.