NYSE Euronext’s Liffe to Expand Use of Markit Dividend Forecasts in Pricing, Clearing Services
NYSE Euronext’s Liffe derivatives exchange is to broaden the range of consensus dividend forecasts from Markit it uses in its indicative options pricing model and in Bclear, its trade confirmation, administration and clearing service for wholesale equity derivatives. Liffe will expand the population of Markit dividend forecasts to cover predicted dividend amounts and due dates...
Cicada Spins Off CounterpartyLink to Investors Guaranty Global Alliance
Following several months of market speculation, CounterpartyLink has been sold by parent Cicada Cos to a group of investors led by Andover Capital, part of the Zurich-based specialist fund Investors Guaranty Global Alliance (IGGA). The deal places CPL among a number of financial content and technology investments already owned by IGGA and the Investors Guaranty...
LaCrosse Global Fund Services Selects CMA DataVision for Independent Valuation Service
CMA, the credit information specialist recently acquired by CME Group, has signed LaCrosse Global Fund Services as a client for its consensus-based price verification data, DataVision, as a key component of LaCrosse’s valuation service for global clients. With 10 global offices in major and emerging markets, LaCrosse provides operations, middle-office and fund administration services to...
Fitch Launches Pricing Service for Asset-Backed Credit Default Swaps to Meet Growing Demand
Fitch Solutions last month launched a new pricing service for asset-backed credit default swaps (ABCDSs). The new services is aimed at meeting what Fitch sees as growing demand for independent pricing that covers the ABS product spectrum. As such, the company is pitching the new service as complementary to its existing single-name credit-default swap and...
Disparate Markets and Complex Trading Call for Smarter Exceptions Management – Contributed by Coexis
Disparate markets and complex trading call for smarter exceptions management, argues Donal O’Brien, business development director of Coexis. If Societe Generale’s reference data systems had been a bit wiser to the activities of its users, could the actions of Jerome Kerviel and the French bank’s subsequent £3.7bn loss have been avoided? The need for increasingly...
Fitch Solutions Launches ABCDS Pricing
In order to meet the growing demand for an independent source of pricing data that covers the global ABS product spectrum, Fitch Solutions has launched Fitch ABCDS Pricing to complement its existing single name CDS and Loan CDS services. Fitch ABCDS Pricing includes coverage of over 7,500 ABCDS combining consensus pricing for liquid issues with benchmarking...
Markit Teams with Six Dealers on Valuations Platform To Improve “Cumbersome” Aggregation, Distribution
The latest in a flurry of initiatives bidding to improve the valuations process in the wake of the sub-prime crisis and the credit crunch comes from UK market data vendor Markit Group which in a now-familiar modus operandi is working with six Wall Street banks to launch a global, multi-bank, cross-asset client valuations platform. The...
CME Credit Market Analysis Buy Gives Exchange Greater OTC Exposure, CMA New Sales Channel
The acquisition of credit derivatives data specialist Credit Market Analysis (CMA) by derivatives exchange CME Group is positioned as enabling CME to grow its activities in the OTC credit derivatives market, and as generating opportunities to combine the CMA data services with CME’s trade execution and clearing capabilities to create new offerings for the marketplace...
… And Adds Time Series to Valordata Feed
Telekurs Financial is introducing VDF Time Series as part of the Valordata Feed (VDF) data offering. Up until now, only daily valuation prices for various price types have been supplied through Telekurs Financial’s Valordata Feed. With the new VDF Time Series service, however, complete time series will now be included in VDF. With the time...
CME Acquires Credit Data Specialist CMA
The acquisition of credit derivatives data specialist Credit Market Analysis (CMA) by derivatives exchange CME Group is positioned as enabling CME to grow its activities in the OTC credit derivatives market, and as generating opportunities to combine the CMA data services with CME’s trade execution and clearing capabilities to create new offerings for the marketplace...