Markit Mixes Old and New to Deliver FRTB Compliance Solution
Markit is pulling together existing products and new developments to deliver a compliance solution for the market risk capital requirements of the Fundamental Review of the Trading Book (FRTB), which comes into force in 2019. The solution is based on a modular platform, allowing banks to supplement existing infrastructure and processes as needed, and is...
Cardinal Analytics Selects Datactics FlowDesigner to Cleanse and Match Data
Cardinal Analytics, a fintech start-up specialising in US corporate bond risk analytics, has selected the Datactics FlowDesigner data quality and matching platform to ensure the data fed into its credit risk model is accurate, complete and timely. The Belfast based company decided to work with Datactics and sign a three-year licence for FlowDesigner after a...
Financial Machineries Extends Data Coverage of Global Trade Repository Analytics
Financial Machineries has extended coverage of foreign exchange data in its Global Trade Repository (GTR) Analytics solution, which collects OTC derivatives transaction data from trade repositories, cleanses and normalises the data, and distributes the data, including actual trade prices, to clients in less than two minutes. The additional FX data covers FX forwards and non-deliverable...
ICE Builds Valuations Business with Acquisition of S&P’s Securities Evaluations and CMA
Intercontinental Exchange Group (ICE) is back on the acquisition trail and building its valuations business with a definitive agreement to acquire Standard & Poor’s Securities Evaluations and Credit Market Analysis (CMA) from McGraw Hill Financial. The agreement follows the group’s December 2015 acquisition of Interactive Data, which holds a significant stake in the evaluated pricing...
Publishing Reference Data in a Post-MiFIR World
By Chris Pickles, Co-Chair of FIX Trading Community’s Reference Data Subgroup and Member of the Bloomberg Open Symbology Team One area where a delay in implementing MiFIR would allow market participants and regulators much needed time to sort out vital details is the area of reference data publication. ESMA has made it clear that, in...
Choosing an Approach to Analytics: Is a Single Technology Platform the Right Investment?
By Abhishek Bhattacharya, technology practice lead at Sapient Global Markets Effective analytics provide insight into what happened, why it happened and what is likely to happen in the future, and include the factors that could help shape different outcomes. But when it comes to the ‘how’ of analytics – including which technology platform or platforms...
Thomson Reuters Valuation Navigator Increases Transparency of Evaluated Pricing
Thomson Reuters has partnered with data analytics specialist Trovo to produce Thomson Reuters Valuation Navigator, a software solution that automates reference data and pricing workflows, and allows users to search and analyse data from a wide range of data sources, compare multiple pricing options and optimise valuation and risk activities. The solution is data vendor...
CounterpartyLink Takes Top-Down View of Entity Hierarchies with CPL Hierarchy Profile
CounterpartyLink has reversed the process of building legal entity data hierarchies from the bottom up to deliver CPL Hierarchy Profile, a product designed to provide a top-down, single view of a legal entity including its entire group structure and links between entities in the structure. The company has been researching and validating entity data from...
Global LEI System Makes Progress with Regulatory Commitment to Implement LEI Data Hierarchies
The Global Legal Entity Identifier (LEI) System is moving towards completion following a statement from the Regulatory Oversight Committee (ROC) on the introduction of LEI hierarchy data and the opening of a website by the Global LEI Foundation (GLEIF) that will provide access to a centralised database of all issued LEIs. Work is also being...
A-Team Webinar Discusses the Next Frontier of Customer Due Diligence
Customer onboarding processes are often complex and burdensome, leading to poor customer service despite significant investment and costly penalties resulting from non-compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These problems can damage financial firms’ customer relationships, reputations and ongoing business, but they are not insurmountable if collaborative technology approaches are embraced...