Fincad Launches its Expanded Analytics Suite to Address Market Volatility
Fincad today announced the launch of Fincad Analytics Suite 2010. Fincad has made substantial enhancements to its analytics library in response to credit market disruptions, high volatility and regulatory compliance requirements. Interest rate curve improvements further enhance Fincad’s curve building techniques and add additional flexibility to Analytics Suite products. Responding to market anomalies, these improvements...
Accuity Incorporates Batch Functionality in the New Version of IBAN Payment Resource to Further Enhance Research Efficiency
Accuity, a provider of payment routing data, AML screening software and services, has launched version 3.1 of IBAN Payment Resource, its online look up tool for validating and converting International Bank Account Numbers (IBANs). The newest version offers important enhancements, including batch processing for hundreds, even thousands of records simultaneously. IBAN Payment Resource’s new batch...
Information Mosaic Poaches TCS’ Singh to Spearhead New Indian Operations
In another instance of what seems to be a recent spate of corporate actions vendor musical chairs, Information Mosaic has poached Tata Consultancy Services’ (TCS) Manmohan Singh to help it establish a new office in India. Singh brings with him his management team in order to establish a new development facility for the vendor in...
QuIC Financial Technologies to Host Series of Credit Valuation Adjustment Seminars in Asia Pacific
QuIC Financial Technologies, a global solutions provider of risk management, pricing and financial analytics, today announced that following the overwhelming success and interest in the company’s CVA Solution in Europe and North America, QuIC aims to build on its global CVA leadership with a series of CVA seminars in the Asia Pacific region. Responding to...
3L3 Committees Publish New Paper on Supervisory Practices for Money Laundering Directive
The three European level three (3L3) committees, the Committee of European Securities Regulators (CESR), the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pension Supervisors (CEIOPS), have this week turned their attention to the area of anti-money laundering (AML) with the publication of a new report. The 3L3’s Anti-Money...
Is Cloud Computing an Answer to Risk and Reference Data Storage?
This week’s FS Club debate on cloud computing suggested that despite all the confusion around the exact definition of a cloud, what it does represent is potential for the future in terms of data storage. Nick Davies, chief technology officer for Lombard Risk Management, suggested that a private cloud could be used for purposes such...
NYSE Euronext and DTCC Finalise Joint Venture Agreement to Create New York Portfolio Clearing
NYSE Euronext (NYX) and the Depository Trust & Clearing Corporation (DTCC) today announced they have finalised their formal agreement to create their innovative new joint venture, New York Portfolio Clearing (NYPC). A draft application for NYPC to be granted status as a Derivative Clearing Organisation with the Commodity Futures Trading Commission (CFTC) and draft amendments...
EuroCCP Launches Clearing and Settlement for Depositary Receipts
European Central Counterparty Limited (EuroCCP) today announced that on 16 October it will begin clearing and settling 120 of the most heavily traded listed depositary receipts. With its new central counterparty service offering, EuroCCP extends to depositary receipts transactions the efficiency, cost saving and counterparty risk protection benefits it already provides to clients’ equities transactions....
SmartStream Extends Asia Pacific Ambitions with New Tokyo Office, Ex-Reuters Matsumoto to Head
Back office solution vendor SmartStream Technologies has expanded its Asia Pacific operations, which are headquartered in Singapore, to include on the ground presence in Japan via the opening of a new office in Tokyo. The vendor has hired ex-Reuters executive Eiichi Matsumoto to head the office as its country manager for Japan. Christian Schiebl, executive...
Pricing Partners Introduces Hagan Adjuster in the Interest Rates Module
Pricing Partners announced today that it has introduced Hagan Adjuster, a new class of models, for its interest rates module to enhance its valuation capacity. The Hagan Adjuster model thoroughly combines the versatility of dynamic models (Libor Market Model, short rate model like Hull White or Gaussian Quadratic models) and the accuracy of static models...