NYSE Euronext Unveils Independent Valuation Service Prime Source
NYSE Euronext (NYX) has launched Prime Source, a new independent valuation service. This solution is designed to meet professional buy side market participants’ needs for valuation of large, global portfolios of complex structured products and illiquid securities. Prime Source enables users to access prices and valuations from different sources, including markets, dealer contributions and valuation...
Lombard Risk Sells Independent Valuation and Risk Services Subsidiary to Liffe
Lombard Risk Management, provider of regulatory, risk management and valuation software for the financial sector, has sold its wholly owned subsidiary Independent Valuation and Risk Services (IVRS) to Liffe (Holdings), the subsidiary of NYSE Euronext, for a consideration of some £700,000 plus a deferred consideration element to be calculated based on actual revenues that are...
B.I.S.S. Creates New Corporate Actions Systems Awards
B.I.S.S. Research, which provides benchmarking of services and systems in the financial services sector, has launched four new awards for the best corporate actions systems for broker/dealers, asset managers, custodians and overall sector winner. The awards will run in parallel to the existing B.I.S.S. Accreditation process for corporate actions systems. Gary Wright, CEO, B.I.S.S. Research,...
Reuters Aims to Price 100 Per Cent of Customers’ Derivatives Holdings
Reuters’ recently announced service for delivering bespoke valuations for derivatives and complex securities formalises an activity the vendor has been testing for a couple of years, and reflects a recognition that firms increasingly want to offload the valuations burden on to a third party. Reuters has been providing bespoke evaluations to some clients for two...
Avox, GoldenSource Forge Strategic Alliance
Avox, the business entity data specialist, and GoldenSource, provider of enterprise data management solutions, have entered a strategic partnership that they say will allow firms to utilise fully verified and ‘’stress-tested’’ business entity data across their entire organisations. Mutual clients will now be able to easily integrate the Avox business entity data service with the...
Exchange Data International Adds Structured Products to Worldwide Corporate Action Service
Exchange Data International (EDI), specialist in the aggregation of reference and corporate actions data, has integrated structured products into its Worldwide Corporate Actions database. This is the latest addition made by EDI to its services since electing to go head to head with London Stock Exchange by sourcing its own corporate actions data. Jonathan Bloch,...
NumeriX, THEMA Forge Partnership for Integrated Analytics
NumeriX, provider of pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, commodities, inflation rate and equity derivatives, has entered a partnership agreement with THEMA Consulting, provider of risk management, treasury and trading services and software. THEMA’s MasterFinance 6.0 pricing engine now bundles the latest NumeriX math libraries, enabling financial institutions...
Moody’s Buys Price Discovery, End-of-Day Pricing Provider BQuotes
Moody’s Corporation has acquired BQuotes, global provider of price discovery tools and end-of-day pricing services for fixed income securities. Terms of the transaction will not be disclosed, and the financial impact to Moody’s is not expected to be material. This follows Moody’s recent acquisition of the assets of Mergent Pricing and Evaluation Service from Xinhua...
Reuters Launches Bespoke Derivatives Pricing for Hard to Value Instruments
Reuters has launched a pricing service that delivers bespoke valuations for derivatives and complex securities – Reuters DataScope Derivatives Pricing Service. Using the service, customers can request a price for bespoke transactions, with completely transparent Reuters pricing and methodology behind each valuation. The service complements Reuters DataScope Select, which already provides prices for instruments that...
Microgen, NumeriX, IRML Team to Support Fund Managers in Derivatives Valuations
Microgen has launched a new Microgen Aptitude-based solution in partnership with NumeriX and Independent Risk Monitoring Limited (IRML), designed to support asset managers and their service providers as they tackle the challenges related to their increasing use of OTC derivatives. The solution – Microgen Independent Valuation and Risk (IVR) – is billed as an integration...