With Derivatives Value Set to Break $500 Trillion Next Year, Cutting Valuations Risk is a Must, Says Celent
Analyst Celent has responded to the buzz around valuations for OTC derivatives and structured products with a report released this month in which it compares risk and pricing analytics solutions to support financial engineering and valuation functions. To put the importance of these solutions in context, Celent predicts that the combined notional value for all...
Interactive Data Adds Independent Valuations of Interest Rate Swaps Based on ICAP Benchmark Curves
Interactive Data Corporation’s Pricing and Reference Data business has introduced a service that will automate the delivery of independent valuations of interest rate swaps based on benchmark curves from ICAP, and trade details input by customers. Ian Blance, vice president, capital markets, Interactive Data (Europe), says this development has been driven by client demand. “Since...
Help Out There for Asset Managers Struggling to Price OTC Derivatives, But Outsourcing No Silver Bullet
One of the many operational challenges faced by fund managers as they invest more in OTC derivatives is accurately valuing portfolios containing hard to price instruments, but the good news is that “there’s a lot of experience out there” for firms to tap into, delegates at the recent Optimising OTC Derivative Operations in Fund Management...
Europe Arab Bank Signs with CounterpartyLink for Entity Data
CounterpartyLink has announced a three year, enterprise-wide agreement to provide legal entity data to Europe Arab Bank (EAB) in London. EAB is a new wholly-owned subsidiary of Arab Bank, providing a niche service to European companies and individuals wishing to transact with the MENA region. Philip Hindley, head of compliance at EAB, says the bank...
Capco and Lombardi Team to Provide Best of Breed BPM Offering, Capco Seeks Further Ref Data Partner
Capco and Lombardi , provider of business process management (BPM) suite software and services, have joined forces to strategically market and sell the Teamworks BPM suite as part of Capco’s Client Profile Management (CPM) solution. According to Nick Jackson, partner at Capco, there are many drivers for delivering the joint offering – client demands, regulatory...
Loomis, Sayles & Company Implements CheckFree eVent For CA Announcement Capture from Custodians, Vendors
Boston-headquartered investment manager Loomis, Sayles & Company is automating its corporate actions processing with CheckFree eVent. The firm, predominantly a fixed income house with some $105 billion in assets under management, is already a user of CheckFree TradeFlow for settlement instruction processing of cash securities and FX. Loomis is currently in beta testing for the...
Association of Global Custodians Calls for Issuers to Join the ISO Party, Urges Members to Adopt ISO15022
The custodial bank community has often been blamed for ongoing inefficiencies in corporate actions processing as a result of supposed reluctance among custodians to adopt standardised messaging. The allegation has been that they would prefer asset managers to communicate with them via proprietary mechanisms, rather than using standardised ISO 15022 messages for corporate actions. Now...
Avox Signs Up Nomura International
Deutsche Boerse-owned counterparty data specialist Avox has added Nomura International to its roster of clients, where it joins the likes of Citigroup, Dresdner Kleinwort, Barclays Capital, Bank of Scotland and Standard Bank. Nomura International also entered into a three-year deal with Avox competitor CounterpartyLink last year (Reference Data Review, October 2006).
Helaba Invest and HSBC Trinkaus & Burkhardt Pick Telekurs Financial’s Intraday Pricing Service
Helaba Invest and HSBC Trinkaus & Burkhardt have opted to install Intraday Pricing Service (IPS) from Telekurs Financial in their organisations. Intraday Pricing Service delivers real-time snapshots at times defined by the customer. It facilitates the updated, individual valuation of portfolios and securities holdings several times a day. In combination with the Intraday Pricing Service,...
Interactive Data Expands Analytics Content to North America, Following European Launch Last Year
Interactive Data Corporation is making available analytics content, powered by its BondEdge service, to evaluated pricing clients in North America. The new Analytix Direct service, introduced in Europe in 2006 (Reference Data Review, November 2006) “delivers a range of option-adjusted measures including duration and convexity, option-adjusted spread (OAS) and key rate durations”, according to the...