EDM Council Champions Data Management with Regulatory Community
The EDM Council has been busy over the last couple of months championing the cause of data management with the regulatory community. According to the industry organisation’s latest report, it has been working with the European Central Bank (ECB) to engage national and global associations, industry participants and regulators in discussions about data tagging in...
AXA Hedging Services Opts for Price-it Excel for Interest Rate Derivatives Valuations
AXA Hedging Services has chosen Pricing Partners’ flagship pricing solution, Price-it Excel, to value some of its interest rates derivatives. Laurent Bourlard, CEO of the internal service provider subsidiary of AXA, indicates that the firm selected the solution because of its additional analysis functionality. “We were looking for a solution that could support not only...
Broadridge Financial Solutions Goes Live on Swift MX Proxy Voting Messaging Suite
Broadridge Financial Solutions has gone live with Swift’s ISO 20022 proxy voting messages, the MX Proxy Voting Messaging Suite, which cover the end to end information and action flows between issuers, their agents and parties holding the right to vote. The messages that involve the announcement, voting and result dissemination process are now available to...
Reval Releases New Version of its Web-based SaaS Offering for Fair Value Developments
Risk management solutions and valuations provider Reval has released a new version of its web-based software as a service (SaaS) offering, which it claims includes enhancements to allow for credit adjusted valuations in accordance with fair value accounting standards. Jiro Okochi, the vendor’s co-founder and CEO, explains that version 9.0 of the solution provides a...
Unnamed French Bank Picks XSP for Corporate Actions Processing
An unnamed “large” French bank has selected XSP’s v5 platform to automate its corporate actions processing, according to the vendor. The bank will be rolling out the data management and scrubbing module, the notifications and responses module and the web-based eTRAN module for automated notifications, response capture and elections processing. Brendan Farrell, CEO of the...
Markit Document Exchange Partners with CTI for Tax Documentation
It has been a busy month for Markit’s documentation management platform. Following the signing of partnership agreement with Avox earlier in April, the vendor has now partnered with tax compliance software and consulting company, Compliance Technologies International (CTI). Under the agreement, the vendors are working together to integrate CTI’s electronic W-8 application for the US...
Charles River Development Integrates IMS with Thomson Reuters’ Market Data System
Charles River Development has integrated its Investment Management System (IMS) with the Thomson Reuters Market Data System, including its real-time exchange, contributed and reference data. Charles River has integrated the data to provide its clients with seamless access to the Thomson Reuters offering and thus allow for greater flexibility and choice of data providers for...
Markit Appoints Ex-NewOak Capital Exec McPherson as MD of Structured Pricing Services
Markit has appointed ex-NewOak Capital executive, Neil McPherson, as a managing director in its New York office to manage and expand its structured finance pricing services. Prior to working for the New York-based asset management firm, McPherson was head of ABN Amro’s asset backed securities syndicate desk and managing director at Credit Suisse First Boston,...
Avox Partners with Markit Document Exchange to Provide Combined Offering
Following the announcement of its partnership with EDM vendor Asset Control in February, business entity data specialist Avox has signed another partnership agreement, this time with Markit’s documentation management platform. Under the new agreement, Markit Document Exchange and Avox will work together to provide their mutual clients with a combined business entity data and documentation...
Pendo Systems Develops OTTI Analysis Report for FASB Accounting Requirements
Accounting solutions vendor Pendo Systems has developed a new report aimed at assisting its clients in identifying investments that come under the other than temporary impairment (OTTI) classification, as specified by the Financial Standards Accounting Board (FASB). OTTI has been a hot topic over the last few months, as the FASB has been coerced by...