A-Team Insight Author: A-Team
MarkitSERV Starts Trade Data Feed to Global Repository for Interest Rate Derivatives
MarkitSERV, the most widely used electronic trade processing service for OTC derivative transactions, today announced that it is now transmitting confirmed trade records to the Depository Trust and Clearing Corporation’s (DTCC) new Global Trade Repository (GTR) for over-the-counter (OTC) interest rate derivatives. With clients’ authorization, MarkitSERV’s trade reporting system automatically transmits confirmed trade records to...
Thomson Reuters Launches Fixed Income Global Snapshot to Provide Greater Transparency and Flexibility to Investors
Thomson Reuters today announced the launch of a new evaluated pricing capability, the Fixed Income Global Snapshot (FIGS). By re-evaluating all non US fixed income securities with updated benchmark curves and credit spreads at both 3pm and 4pm, Eastern Daylight Time. FIGS will provide investors with updated, accurate fixed income evaluations and transparency they need...
NYSE Technologies Goes Live with Dual Liquidity Centres in Toronto
NYSE Technologies has gone live with dual Liquidity Centres in Toronto, the latest in the rollout of its network of trading hubs, following on from its primary operations in Mahwah, NJ, and Basildon, UK, and the more recent opening in Tokyo. The Toronto liquidity centres provide co-located low-latency access to local markets, with one at...
Bats Sets Chi-X Europe Migration Sched; Taps Savvis Chicago for U.S. Backup
Bats Europe has set an end of April go-live date for migration of Chi-X Europe’s trading system, running on Bats technology at Equinix, near London. Separately, Bats Global Markets in the U.S. says it will house its backup trading systems at a Savvis data centre in downtown Chicago. Following the completed acquisition of Chi-X Europe...
The OTC Derivatives Case for LEIs
Hot on the heels of the Financial Stability Board’s creation of expert panels to advise on the development of legal entity identifiers (LEI), international regulators IOSCO and the Bank for International Settlements this week weighed in to stress the importance of LEIs to the ongoing efforts to boost transparency in the OTC derivatives marketplace. In...
CITIC Bank Selects Pricing Partners to Reduce Risks of Structured Products
Hong Kong-based CITIC Bank International has implemented Pricing Partners’ Price-it Excel derivatives pricing library to give its risk management team and derivatives business a clearer understanding of pricing and valuation around foreign exchange structured products. The bank – a subsidiary of CITIC International Financial Holdings with 31 branches in Hong Kong, four in China and...
Asset Control Adds DTCC Corporate Actions Data to AC Plus Platform
Asset Control has extended data provision for risk management with the integration of direct access to DTCC Solutions’ Global Corporate Actions Validation Service (GCA VS) in its AC Plus data management platform. The service went live late in 2011, adding to other corporate actions data options available on the AC Plus platform, but offering a...
Interactive Data Expands Relationship With FactSet Research Systems
Interactive Data Corporation, a leading provider of independent pricing and evaluation services, today announced the expansion of its relationship with FactSet Research Systems, a leading provider of integrated global financial information and analytical applications for the investment community. Interactive Data now provides daily independent evaluations for international bonds within the FactSet workstation, in addition to...
Industry White Paper Urges Firms to Outsource Corporate Actions Validation Function
Financial institutions that require accurate, timely and cost-effective corporate actions information could derive significant benefits from outsourcing some functions to independent firms that offer high-quality global corporate actions information and validation services. This view is expressed in a white paper – Building the Business Case for Outsourced Corporate Actions Validation – that was prepared for...
Can Emerging Markets Resist The Algo Trading Bug in 2012?
As algorithmic trading continues to evolve, it is my view that we will start to witness more firms using their systems to trade equities not only from the U.S. and Europe, but also from the Middle Eastern, Latin America and Asian markets. The latest announcement that Colt’s sister company KVH will be expanding its low-latency...