Numerix Releases New Versions of CrossAsset and Portfolio, Scores Client Win with Northern Trust
Following a spate of client wins at the end of last year, valuations and risk analytics solution vendor Numerix has added another to the list in the form of custodian and fund administrator Northern Trust. The bank has enhanced its platform for processing OTC derivatives via its strategic partnership with Numerix to provide daily independent...
Italian Central Bank Director Stresses Importance of Regulatory Data Consistency Across Europe
In light of the increase in cross border activity and foreign financial institution entry into European domestic markets over recent years, Anna Maria Tarantola, deputy director general of the Bank of Italy, has been talking up the need for common information sharing methodologies and central databases across Europe. Last year, Tarantola discussed these issues with...
Pricing Partners Releases New Tools for ABS Valuation
Pricing Partners announced today the release of several new tools for ABS valuation. This announcement comes during a crucial time when the demand for independent valuation on ABS and similar non-liquid products is very strong. The recent crisis in the credit markets has called for independent valuation and analysis on ABS, MBS and similar products....
Pricing Partners Incorporates the Portfolio Function into Price-It Library
Pricing Partners, (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that a new function, the portfolio feature, has been supplemented with Price-It Excel, to extend the valuation of multiple products. The portfolio feature in the Price-It library enables the easy pricing of...
Japanese FSA Produces Reform Blueprint, Bank of Japan’s Shirakawa Talks up Risk Management
The Japanese Financial Services Agency (FSA) has released its blueprint for an overhaul of the country’s financial services regulatory framework, including forcing more transparency in the OTC derivatives markets, new trade reporting requirements and risk management provisions. Last week, the governor of the Bank of Japan, Masaaki Shirakawa, also spoke about the importance of Japanese...
Schooley Appointed General Manager of Broadridge’s Mutual Funds Proxy Services Business
Broadridge Financial Solutions today announced the appointment of Peggy Schooley as general manager of its Mutual Funds Proxy Services business. She joins Broadridge from Evergreen Service Company, where she served as president since 2005. Evergreen Service Company is a subsidiary of Evergreen Investment Company, part of the investment management business owned by Wells Fargo &...
EDM Council’s Atkin Elaborates on the Industry Group’s Progress This Year
Following on from last week’s holiday party and end of the year meeting, EDM Council managing director Mike Atkin has produced a 2009 update report on the data industry group’s progress this year. The work of the group has proved sometimes controversial, but the EDM Council certainly cannot be accused of resting on its laurels....
Sifma Adds Four New Professional Societies to Broaden Industry Reach
The Securities Industry and Financial Markets Association (Sifma) has created four new professional societies to broaden its reach in the financial markets beyond its member firms. The four new societies are in fact the latest incarnation of the association’s previously semi-autonomous divisions, which are now focused around compliance and legal issues, internal auditors, financial management...
C Hoare & Co Chooses SimCorp Dimension
C Hoare & Co, United Kingdom’s leading independent private bank, has selected SimCorp Dimension as its future investment management platform. The system will support C Hoare & Co’s front, middle and back office operations including trading, portfolio management, compliance, performance measurement, securities administration, position administration, portfolio accounting and client reporting.
Reference and Corporate Events Data Now Available in Flexible XML Format
Valordata Feed (VDF) supplies reference and corporate events data on more than five million financial instruments. Supplied up to now in Edifact, this VDF data is now also available in XML format – thanks to the software solution VDF2XML Converter. SIX Telekurs uses Edifact syntax for structuring its reference data product Valordata Feed (VDF). Edifact...