Pricing Partners and ActiveEon Provide a High Performance Solution for the Valuation of Financial Derivative Products
Pricing Partners, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that Pricing Partners established a strong technology partnership with ActiveEon www.activeeon.com to provide an ultra rapid solution for the valuation of derivative products. This partnership is based on the mathematic models for valuations...
Point Nine Enhances Corporate Action Processing Services through Alliance with FactEntry
Point Nine, a provider of middle and back office trade processing and operations, has announced today that it is integrating its web-based operations platform with corporate action data provider FactEntry. FactEntry provides corporate action data on credit instruments including name change, merger, coupon default, bond covenant details, credit events and recovery rate fixings for credit...
Advent Links Geneva to Thomson Reuters’ DataScope for Pricing and Reference Data
Thomson Reuters has scored another key win for its DataScope Select service with the signing of an agreement with investment management software provider Advent Software to provide its portfolio management and fund accounting solution with pricing and reference data. Under the terms of the agreement, the two vendors will create and interface to link Advent’s...
Is the Upcoming G20 Meeting the Only Hope for Convergence of Global Accounting Standards?
Government officials at the April G20 summit agreed that some degree of harmonisation is needed in order to achieve a globally accepted set of accounting standards. However, this year has instead witnessed further divergence on these standards, as the each jurisdiction has sought to tackle the fallout from the downturn in the markets. The US...
Bankers Almanac Launches Online Document Verification for its Due Diligence Repository
Bankers Almanac, a provider of reference data for payments, due diligence and risk assessment, has announced that its Due Diligence Repository now has online document verification. The new Manage My Documents feature allows providers of the documents to review, confirm or supply replacements online into the Due Diligence Repository. It increases the speed at which...
The Sibos Vendor Agenda: Swift Under Pressure to Deliver Cost Savings, Says Peterevans’ Foley
The financial crisis and economic slowdown is sure to prove problematic for Swift, as it faces declining volumes and pressure to drive down costs from its users. Mike Foley, CEO of vendor Peterevans, ponders this and other issues that may crop up during Sibos next month. “As signalled in the Swift 2008 report, ‘the global...
GBST Releases SSI Validation Testing Engine to Reduce Operational Risk
Following its rebrand under the heading of GBST Global Broker Services earlier this month, the vendor previously known as Coexis has released a new validation service for standard settlement instructions (SSIs). Dubbed Syn~SSI, the solution is aimed at reducing settlement failure caused by unpredictable changes in counterparties’ SSIs, says the vendor. “The operational risk of...
The Sibos Vendor Agenda: SEB’s Fors Talks up Corporate Actions and Risk
Next month’s Sibos conference in Hong Kong seems to be generating its fair share of buzz with regards to putting corporate actions back on the agenda. Goran Fors, global head of custody at Nordic bank SEB, reckons the discussions will indicate that the industry still has a long way to go within this particularly manual...
US NIF and ECB’s Reference Data Utility Need Clarity and Strong Leadership, Says JWG-IT’s Di Giammarino
In order to have any hope of succeeding in achieving their goals of introducing greater data standardisation in the market, the US National Institute of Finance (NIF) and the European Central Bank (ECB) will need to provide a great deal more clarity around the benefits of their approaches, says PJ Di Giammarino, CEO of think...
Markit and DTCC Plan Launch of Combined Trade Confirm and Workflow Platform for September
Following the signing of a partnership agreement in July last year, Markit and the Depository Trust & Clearing Corporation (DTCC) have finally announced the launch date for their joint venture in the derivatives trade processing space. The vendors will be launching MarkitServ, which combines DTCC’s DerivServ workflow platform and the (ex-Swapswire) Markit Wire trade confirmation...