A-Team Insight Author: A-Team
ISDA Publishes 2011 Equity Derivatives Definitions
The International Swaps and Derivatives Association, Inc. (ISDA) announced today the publication of the 2011 ISDA Equity Derivatives Definitions. The Definitions represent a key development in the ongoing industry initiative to increase standardization and automation and further reduce risk across over-the-counter (OTC) derivatives markets. The Definitions, published on July 8, include a Main Book and...
Two Years in Austin – the Low-Latency Capital of the World?
OK, I jest a bit with that headline. But it was two years ago this weekend that my good friend Allan Nixon (he used to work alongside me at Waters many years ago) and I rented a U-Haul and took a road trip from Brooklyn to Austin, Texas. In the back of the van were...
The Network Effect
Looking at the latest news from Sanford C. Bernstein, about them joining SunGard’s Global Network got me thinking a bit. First, what does the “C” stand for? Next, since I couldn’t find an answer to that first one, is where do networks from the likes of SunGard fit in the low-latency world? And it all...
Thomson Reuters’ Roche Takes On Enterprise Realtime – But Not Elektron
With Mike Powell taking over as global head of Enterprise content at Thomson Reuters Markets, long-time real-time tech head Terry Roche is stepping in to take on the role of business head for Realtime, relinquishing his former development responsibilities to Enterprise CTO David Kelly. But Roche’s remit, however, doesn’t extend to Elektron, the Enterprise group’s...
ECB Might be Agnostic About How Securities Settlement Harmonisation Happens, But Standards Are Foundation
The European Central Bank (ECB) might be keen for harmonisation across the European securities settlement environment, but it is not fussy about how it gets there, said Hugh Simpson, senior advisor to the central bank from Bourse Consult at this week’s CorpActions 2011 conference in London. One important prerequisite to harmonisation is (whether it be...
Front Office Increasingly Concerned with Corporate Actions Data Quality, Says Bloomberg’s Haddock
The front office is increasingly concerned with the quality and timeliness of corporate actions data as it assists in the identification of prime trading opportunities and risks, according to Joseph Haddock, manager at data giant Bloomberg. Speaking at this week’s CorpActions 2011 conference, Haddock noted that increasing volume of corporate actions data that is being...
SWIFT BICPlusIBAN Directory Helps Corporates Get SEPA-Ready
At the end of 2012, it will become mandatory under SEPA to use IBANs and BICs to identify the parties to payments transactions. Corporates still using old-style account numbers in their payments messages must have migrated to the new codes by that time. This means that in very short order corporates need to validate the...
Virginie’s Blog – The View from the Top
Ex-Financial Services Authority (FSA) head and British economist Howard Davies’ comments at this week’s SunGard City Day in London highlighted the seriousness with which firms should be treating Basel III, even if full implementation is eight years away. Davies called the new incoming regulatory standard on bank capital adequacy and liquidity “the most significant change...
Pricing Partners Introduced a Quantitative Methodology to Generate Inflation Volatility Surface
Pricing Partners announced today that its Price-it library now includes analytical tools to estimate inflation volatility surface combining historical estimates and implied interest rates smiles surfaces. These analytical tools can provide reliable estimation of the smiled inflation surface on all major inflation indexes such as the European, French, Japanese, American or British HICP ones. This...
Berlanger Heads to Deutsche Bank, Bookheim Surfaces in Consultancy Role at Citi
Last week, Reference Data Review revealed that director in charge of data quality at Citi, Geert Berlanger was departing after five years with the firm. This week we can reveal he is headed to Deutsche Bank to take up the role of programme director for client business services, responsible for functions such as client onboarding. Citi, however,...