Swift’s New UK-based Recruit Aggarwal and Leibbrandt Talk up 2015 Potential Strategies
As indicated during Sibos week earlier this year, Swift is currently sizing up its future potential in the market as part of its new 2015 strategy discussions. Arun Aggarwal, Swift’s recently appointed managing director for the UK, Ireland and the Nordics, and Gottfried Leibbrandt, head of marketing, explained the four potential strategies that are being...
Pricing Partners to Present its Latest Work on Variable Annuities (GMxB) at the Paris Finance International Meeting
Pricing Partners announced today that Pierre Gauthier will be presenting the company’s latest work on Impact of Stochastic Interest Rates and Stochastic Volatility on Variable Annuities at the 7th Finance International Meeting in Paris on December 17 and 18, 2009 at the Pôle Universitaire Léonard de Vinci. During his presentation, Gauthier, co-head of quantitative research...
Bloomberg’s BSYM Open Symbology Seeks Gain from Rivals’ Regulatory Travails
To suggest Bloomberg’s introduction this month of its Bloomberg Open Symbology (BSYM) initiative is in no way connected to the recent regulatory activity in this space would be naive. Bloomberg clearly has one eye on the travails of rivals Standard & Poor’s and Thomson Reuters, both of which are having trouble with EU anti-competition investigators....
XBRL US On the Hunt for Partners to do Legwork Around Corporate Actions Taxonomies
Given that it’s being touted as the next big thing for the financial services community, it’s no surprise that XBRL US is looking for partners to lend a hand in covering some of the groundwork for its spate of new projects. The not for profit consortium is currently working with Swift and the Depository Trust...
Thomson Reuters Expands Corporate Actions Data Coverage for Emerging Markets
Thomson Reuters today announced the expansion of its corporate actions data coverage to include Bosnia and Herzegovina, Ivory Coast, Kazakhstan, Macedonia, Russia, and Serbia. The extended offering increases transparency and access to some of the world’s fastest growing emerging markets by providing details on total shares, capital changes, dividends, voting rights and nominal values accessible...
Exchange Data International joins the Prime Source Independent Valuation Service
Prime Source, NYSE Euronext’s independent asset valuation service, is pleased to announce the addition of Exchange Data International Limited (“EDI”) as a “closing prices” contributor to its service. EDI is a recognized provider of Securities Reference and Corporate Actions Data covering more than 420,000 bonds worldwide and nearly 90,000 listed equities; – tracking over 150...
British Bank Selects Pricing Partners for the Independent Valuation of One of its Most Challenging Equity Structured Products
Pricing Partners announced today that one of the largest British banks has selected Price-it Online, Pricing Partners’ independent valuation platform, for the valuation on an advanced equity structured product that is both path dependent and American style, as well as contingent to a large quantity of shares. In accordance with the best practices in the...
Firms Need to Put Pricing and Valuations into a Wider EDM Context, Agrees Panel at A-Team Group, GoldenSource and Interactive Data Event
The pricing and valuations space is becoming ever more complex and data management teams focused on this function are being asked to do even more with fewer resources at hand, so how can they cope? The answer may lie in increasing automation and slotting this area of data management into a wider enterprise data management...
LCH.Clearnet’s OTC SwapClear Service Clears One Millionth Trade
SwapClear, LCH.Clearnet Limited’s OTC interest rate swap clearing service, has cleared its millionth trade, taking the notional value of trades in SwapClear to US$206 trillion. Launched in 1999, SwapClear currently clears 64% of the global interbank interest rate swap market and the range of products cleared has been extended to include overnight index swaps of...
Fed’s Tarullo Highlights Data Management Considerations of Living Wills
The regulatory community has been abuzz with the notion of living wills, or firm specific resolution plans, for most of this year, but most have not considered the data management responsibilities inherent in the process. Daniel Tarullo, member of the board of governors of the US Federal Reserve System, addressed this issue and highlighted the...