Susquehanna Financial Group Completes Integration of Derivix Solution into In-House Platform
Susquehanna Financial Group (SFG) has completed the integration of the Derivix options trading solution into its in-house technology platform, with a view to expediting its access to pricing data. The deal represents the largest customer deployment to date for the options pricing, risk visualisation and analytics provider, says Jonathan Weedon, CEO of Derivix. Aaron Hantman,...
GoldenSource Joins Derivatives Bandwagon with New Valuations and Risk Management Solution
EDM vendor GoldenSource has taken the plunge and joined the derivatives data management vendor community with a new offering aimed at helping financial institutions value portfolios and manage risk for derivatives products. Neil Edelstein, senior director of product solutions at the vendor, explains that the launch of GoldenSource for Derivatives was based on both a...
Belgium Debt Agency Opts for Derivatives Valuations from Pricing Partners
The Belgium Debt Agency has purchased Pricing Partners’ software with a view to strengthening its capacity for independent valuation and audit in its treasury and risks control departments. The public debt management agency, which is part of the Administration Financing of the State and Financial Markets within the General Administration of the Treasury, is using...
Broadridge Signs up with Information Mosaic for Corporate Actions and Extends Agreement with NewRiver for Summary Prospectus Solution
Outsourcing solution vendor Broadridge seems to be undergoing something of a strategic overhaul this month, with the announcement of two new key partnerships in the data management space. The vendor, which had a tough start to the year with net earnings for the first quarter of fiscal 2009 down by 1%, has signed two new...
Bank Sarasin Upgrades to Aim’s Gain Platform with Gain|Avaloq Adapter
Swiss headquartered Bank Sarasin has upgraded its implementation of Aim Software’s data management solution to the Gain Data Management platform combined with an adapter for the Avaloq Banking System. The bank, which has been using Aim Software’s Gain DataDesktop since 2002, hopes the new central data management platform and added functionality will provide enhanced automation...
ABA Commends FASB on Progress But Says More Needs to be Done on OTTI
Following a barrage of criticism from market participants, government figures and regulators alike, the Financial Accounting Standards Board (FASB) has finally released a number of proposals concerning mark to market accounting rules. The proposals include allowing firms more leeway in determining if a market is active and whether a transaction is distressed. However, a number...
Fitch Solutions Pitches CDS Liquidity Scores and Rankings at Buy Side Market
In a bid to increase its market coverage, Fitch Solutions has been actively marketing its credit default swap (CDS) data to buy side institutions, says Thomas Aubrey, managing director of the data solutions division of ratings agency Fitch. The liquidity scores and percentile rankings, which are derived from Fitch’s proprietary statistical model, for these widely...
Shadow Financial Systems Provides Access to Fincad’s Derivative Pricing Library
STP solution vendor Shadow Financial Systems has joined the Fincad Alliance Programme to enable users of its ShadowSuite application access to Fincad’s derivative pricing library. According to the vendors, this will allow users to independently value derivative positions during their post-trade processing and clearing operations. The ShadowSuite software solution for post-trade processing, reconciliation, clearing, settlement,...
Misys Releases Collateral Management Solution Aimed at Counterparty Risk Reduction
Misys has released a new collateral management solution, dubbed Misys Summit FT Collateral Management, which it claims is aimed at reducing counterparty risk. Against a background of increased market scrutiny of firms’ risk exposures via their counterparties, the vendor says the solution will provide real-time tracking and assessment of collateral levels. The vendor is emphasising...
RiskVal Launches CDS Conversion Analytics to Valuations Solution
RiskVal has added credit default swap (CDS) conversion analytics to its portfolio valuation solution with a view to helping its customers move to the new credit derivatives standards. The vendor indicates that for a limited time, it will be offering a free service to help these firms convert legacy CDS portfolios to the new standards...