Clearstream Completes Rollout of Aim Software’s Gain Platform for Pricing
Luxembourg-based international central securities depositary (ICSD) Clearstream International has completed the rollout of Aim Software’s Gain platform as its new central pricing data management hub. The implementation has been going on for the last seven months and the platform is now able to support the daily pricing of more than one million securities, says Josef...
CESR Awaits Industry Feedback on Standard Reporting Format for Securities Issuers
Industry participants have until the end of this month to respond to the Committee of European Securities Regulators’ (CESR) call for evidence on the use of a standard reporting format for financial reporting for issuers admitting securities for trading on regulated markets. In the US, the Securities and Exchange Commission (SEC) has already mandated similar...
Quantifi Acquires Moment Analytics
Quantifi, a provider of analytics and risk management solutions to the global credit markets, today announced that it has acquired Moment Analytics, a privately held risk management software vendor. David Kelly, Moment Analytics’ CEO, joins Quantifi as director of credit product development and will be based in the US. This is Quantifi’s first acquisition. The...
Fair Value May be a Tricky Proposition But it is Worth the Trouble, Agree Speakers at SIX Telekurs Event
Accounting standards have come under a lot of scrutiny of late, both from the industry and regulators, but despite its flaws, fair value measurement has been created for a good reason, agreed the panel at SIX Telekurs’ recent “What Price Fair Value?” event in London. However, the volatility in the market has made pricing and...
Global Asset Manager Selects XSP v5 Corporate Actions Platform
XSP, a global provider of corporate actions software, announced today that a leading global asset manager, a business within one of the world’s largest global financial services firms, has selected the XSP v5 solution for automated global corporate actions processing. With processing centres located in Pittsburgh and San Francisco, the client will implement the XSP...
Deutsche Börse Launches Web Portal for Portfolio Risk Assessment
Deutsche Börse’s SENSIS data product has been available via its own web portal since Monday. SENSIS supplies investors and investment advisors with objective key indicators for systematic risk measurement of tradable investments. Internet users can run through their own investment scenarios at www.sensis-data.com, and optimise investment portfolios or investment recommendations in line with their personal...
Sifma’s AMF Committee Jumps on the Bandwagon for XBRL in the Corporate Actions Issuer to Investor Space
XBRL for US corporate actions was the talk of Sibos this year and it seems that the industry is gradually getting behind the idea, as Swift, the Depository Trust & Clearing Corporation (DTCC) and XBRL US continue to push forward with their initiative. This month, Sifma’s Asset Managers Forum (AMF) Corporate Actions Committee demonstrated its support...
A Reference Data Review Reader Speaks Out About ECB’s Utility Proposals
The latter part of the FIMA 2009 conference in London this week was dominated by discussions among the delegation about reference data standardisation and the European Central Bank’s (ECB) proposals regarding a data utility. A number of Reference Data Review readers talked to us about their perspectives on how the utility idea could be harnessed...
S&P’s FIRMS Launches New Global Data Feed Aimed at Addressing the Risk and Valuation Challenge
Following the launch of a raft of new services earlier this year, Standard & Poor’s Fixed Income Risk Management Services (FIRMS) has added another to its portfolio in the form of a new enterprise level data feed solution. The Global Data Solutions offering purports to provide users with a range of data and analytics to...
EC Launches Competition Probe into Thomson Reuters RIC Codes
The European Commission has opened its formal anti-trust proceedings against Thomson Reuters concerning a potential infringement of the EC Treaty’s rules on abuse of a dominant market position by virtue of its Reuters Instrument Code (RIC) symbology. The Commission says it will investigate Thomson Reuters’ practices in the area of real-time market datafeeds, and in...