DocGenix and Markit Team up for Documentation Risk Management Initiative
OTC derivatives documentation specialist DocGenix and Markit Document Exchange have signed a strategic initiative aimed at combining their respective offerings to create a single platform for the management of complex legal agreements. Penny Davenport, managing director and head of Markit Document Exchange, explains that the two vendors have been in discussions about the project since...
Knight Capital Group Appoints Merrill’s Scott and Tradeweb’s Shapiro to Head CDS Efforts
Knight Capital Group has appointed ex-Merrill Lynch executive Andrew Scott as managing director to oversee the operations of its credit default swap (CDS) platform NetDelta. The vendor has also poached Michael Shapiro from Tradeweb to become director responsible for leading NetDelta’s sales effort. At Merrill Lynch, Scott was the lead attorney for credit derivative products...
FOW Tradedata to Assist S&P’s CGS with US Liquidity Equity Options Cusip Development
Standard & Poor’s Cusip Global Services (CGS) business has certainly been busy over the last couple of months. Not only has it recently announced a partnership with business entity identification specialist Avox, it has now also agreed to work with UK-based futures and options specialist FOW Tradedata to develop a new Cusip identification system for...
Thomson Reuters to Use Lewtan’s ABSNet Data for Valuation Risk Service
Thomson Reuters has selected Lewtan Technologies’ ABSNet to provide it with asset backed securities (ABS) data in order to expand its Valuation Risk Service. The vendor will use the ABSNet cash flow library to provide its clients with additional coverage of structured finance instruments in Europe, says Karl Mackelburg, global head of structured finance and...
Omgeo’s Matthews Talks up Data and Risk Management for 2009
Post-trade specialist Omgeo is set to get even more involved in the area of data and risk management this year, according to Steve Matthews, Omgeo’s director of product strategy. To this end, the firm has recently appointed three new executives to focus on the area of data management, especially with regards to its web-based global...
Financial InterGroup’s Grody Publishes Two New Papers on Data and Risk
Allan Grody, president of strategic advisory firm Financial InterGroup Advisors, has published two new papers aimed at shedding some light on the areas of risk management and data in the current market environment. The first paper, Infrastructure Issues in the Financial Services Industry: A Case for a Central Counterparty for Data Management, explores the potential...
Quasar Capital Management Opts for Imagine’s Derivatives.com
Paris-based Quasar Capital Management had selected Imagine Software’s Derivatives.com service for use with the firm’s new hedge fund. The firm, which has been using software from Imagine since the launch of its Orion fund last December, will use Derivatives.com for risk and portfolio management. Jerome Barraquand, co-founder of Quasar, explains: “Our flagship Orion fund uses...
Avox and Cusip Global Services Launch New 10 Character Business Entity Identifier Code
Avox and Cusip Global Services (CGS), which is managed by Standard & Poor’s on behalf of the American Bankers Association, have joined forces to create a universal identification system for global business entities. Ken Price, CEO of Avox, and Scott Preiss, vice president in the Securities Classifications group at S&P, explain the details of the...
SIX Telekurs Partners with CSV for Complex Securities Pricing
SIX Telekurs has signed a partnership agreement with CSV Incorporated in order to expand its evaluated pricing for illiquid securities with complex structures. The vendor has added CSV as a source of independent, transparent valuations for complex securities to provide its customers with more coverage and greater depth of information, explains Barry Raskin, managing director...
BISS Research Launches Advisory Service and Training for Corporate Actions Space
BISS Research has launched a new corporate actions advisory service aimed at providing financial services firms and vendors with information and recommendations about investing in the space. Gary Wright, CEO of the firm, says the advice will be based on its benchmarking endeavours and it will also be launching a series of training courses about...