Investment Management Department of Pension Provider Opts for OTC Val
The investment management department of an unnamed provider of life insurance, pensions and investment products has opted for weekly valuation reports of their exotic derivatives and structured product portfolio from OTC Valuations (OTC Val). According to Bob Sangha, managing director of the vendor, the valuations are used for collateral management and financial reporting purposes and...
Omgeo Upgrades Alert Database with Expanded Coverage and Compatibility Tests
As hinted by Steve Matthews, managing director of product at Omgeo, when he spoke to A-Team Group last month, the post-trade specialist has now added new functionality to its standing settlement and account instructions (SSI) database, Alert. The new functionality, which has been dubbed Omgeo Alert New Markets and Validations, includes expanded instrument coverage and...
MBA Systems Adds Portfolio Performance Facility to Speedreport Service
MBA Systems has added a new portfolio performance facility to its Speedreport client reporting service, which enables reports to include benchmark-based graphic illustrations that show the percentage change in value over a selected time period. The vendor claims the new facility is in response to the recent volatility in the markets in order to allow...
Accuity/CB.Net Working with IPSO for Irish National Sort Codes Database
Following its acquisition of CB.Net earlier this year, payments reference data vendor Accuity has now begun work with the Irish Payment Services Organisation (IPSO) to provide services to manage its National Sort Code (NSC) Directory. The vendor has already implemented the European Payments Council (EPC) Single Euro Payments Area (SEPA) Register of Participants and the...
SIX Telekurs Reaches 30,000 NAV Milestone for its Intraday Pricing Service
SIX Telekurs has reached the milestone of delivering 30,000 intraday fund net asset value (NAV) prices through the Funds Fast Module of its Intraday Pricing Service. Funds Fast is a managed service which the vendor claims allows clients to receive fund price values from administrators up to eight hours earlier than from other vendors or...
Interactive Data Adds 12pm GMT Evaluations for North and Latin American Equities
As hinted at during its recent webinar on valuations, Interactive Data’s Pricing and Reference Data business has now expanded the capabilities of its Fair Value Information Service by introducing new London 12pm (GMT/BST) evaluations for North American and Latin American equity securities. Shant Harootunian, managing director of evaluations for the vendor, explains that the move...
Markit to Provide Post-trade Processing Services for OTC Derivatives for Northern Trust
Northern Trust has signed up for Markit to provide it with post-trade processing services for its OTC derivatives when the implementation is completed in the second and third quarter this year. Custody and investment outsourcing operations clients of the bank will therefore have access to the new capabilities, which include reconciliation and confirmation services, via...
Accuity Launches New Version of IBAN Validation and Conversion Tool
Payments reference data vendor Accuity has launched a new version of its online international bank account number (IBAN) validation and conversion tool. Version 2.2 of IBAN Payment Resource features account number decryption and basic bank account number (BBAN) to IBAN conversion, explains Malcolm Taylor, managing director for EMEA and APAC for the vendor. The new...
AGFN to Offer SIX Telekurs Data to Eastern Europe, Greece and Cyprus
AG-Financial Network (AGFN) and SIX Telekurs have signed a partnership agreement, under which AGFN will offer SIX Telekurs’ financial market data to the markets in Eastern Europe, Greece and Cyprus. Adriano Bazzi, head of SIX Telekurs for Italy and Southern Europe, explains that the vendor hopes AGFN’s local presence and market knowledge will allow it...
Broadridge Financial Solutions Buys Access Data Corporation for Undisclosed Amount
Broadridge Financial Solutions has acquired Pittsburgh-based enterprise-wide reporting and data management solution vendor Access Data Corporation, with a view to strategically expanding its investor communications hub, data aggregation and data management solutions. Gerard Scavelli, president of mutual fund solutions at Broadridge, says the main draw for the vendor was the smaller vendor’s technology platform, SalesVision....