Valuation Function in Need of Repair to Increase Transparency, Says Celent
Firms and solution providers involved in the valuation function need to go back to the drawing board to revisit the often piecemeal approach to pricing, according to a recent report by analyst firm Celent. The current market conditions have heightened the need for transparency and firms must now re-evaluate their valuation solutions to make sure...
China Life Asset Management Implements DSTi’s HiPortfolio/3
Chinese institutional investment firm China Life Asset Management Corporation (CLAMC) has completed its implementation of DST International’s (DSTi) HiPortfolio/3 investment accounting solution. The migration of CLAMC’s back office operations included the handling of complex valuation methodologies specific to the China market, explains Tom Abraham, CEO of the vendor. The firm has automated its previously manual...
Thomson Reuters Extends Pricing and Reference Data to Thai Market via WMSL Alliance
Thomson Reuters has made its international pricing and reference data services available to the Thai market via its partnership with Wealth Management System Limited (WMSL). Alfred Lee, business head of South East Asia at Thomson Reuters, explains that the alliance with WMSL is aimed at increasing the vendor’s footprint in Southeast Asia. “Our alliance with...
Deutsche Börse Launches New Data Service for Upcoming Corporate Actions
Deutsche Börse has launched a new service aimed at providing bundled data about upcoming corporate actions and their impact on the exchange operator’s own indices. Dubbed Index Corporate Action Forecast, the service aims to offer customers information on upcoming corporate actions such as dividend payments, stock splits and spin-offs, including currency information, which may impact...
US Markets on Course for Sweeping Changes to OTC Derivatives Regulation
The US government has this week released a set of proposals to reform the regulatory regime governing the OTC derivatives markets. The proposals, which were tabled by Treasury secretary Timothy Geithner, would mandate that all derivatives deemed to be “standardised” are cleared via designated clearing houses and they are aimed at increasing transparency in these...
QuIC Financial Technologies Hires Ex-SunGard Hollands as Sales Director for EMEA
Risk management, pricing and financial analytics solutions provider QuIC Financial Technologies has appointed ex-SunGard director James Hollands as its new sales director for the EMEA region. At SunGard, he was also a sales director for SunGard Adaptiv, part of its Capital Markets and Investment Banking division. In his new role, Hollands will reporting to Justin...
UK Government Proposes Insolvency Rule Changes Including More Counterparty Data
The UK government has proposed changes to insolvency rules to give greater protection to investors and markets in the event of the failure of an investment bank. The rule changes are aimed at rectifying issues that have been identified since the collapse of financial institutions such as Lehman Brothers last year. The focus is on...
Corporate Actions Joint Working Group Publishes Standards for Categorisation
The Corporate Actions Joint Working Group has finally released the results of its standardisation initiative, which is aimed at defining each category of corporate action in the market in order to allow for the harmonisation of processing rules. The proposals have now been drawn up and they have been sent out to the various national...
ESSF’s Frey Provides Lowdown on Individual Corporate Actions Joint Working Group Results
The Corporate Actions Joint Working Group has done its best to find “the best future market practices irrespective of the current models being used in the market today”, said Werner Frey, chairman of the European Securities Services Forum (ESSF), to delegates to last month’s Sifma Clearing and Settlement Conference in London. Frey and some of...
France’s Octo Finances Selects Pricing Partners for Eurostoxx EMTN Valuations
French investment firm Octo Finances has chosen Pricing Partners’ OTC derivatives valuations service, Price-it, to provide it with independent valuation for callable euro medium term notes (EMTNs) on Dow Jones’ Eurostoxx index. According to Maurice de Boisséson, head of research for Octo Finances, the firm selected the solution to provide greater transparency to its clients...