Interactive Data to Acquire Xcitek Market Data Business for $25.3M
As predicted in Reference Data Review last month, Interactive Data Corporation has agreed to buy the market data division of Xcitek and the market data assets of its affiliate Xcitax for $25.3 million in cash. The acquisition does not include XcitekSolutionsPlus (XSP), the corporate actions software company affiliated with Xcitek, or Xcitek Consulting Services, both...
BNP Paribas Securities Services Live on ValueLink OTC Data
BNP Paribas Securities Services has gone live with an outsourced OTC derivatives data service from ValueLink. The service became operational in December, and since then ValueLink has been working with BNP Paribas to fine-tune reporting based on the requirements of the fund administrator’s own clients, according to the vendor’s operations director Trevor Beach. ValueLink’s outsourced...
S&P, ICAP Ally to Add Trade Data to Evaluated Prices
Standard & Poor’s has teamed with interdealer broker ICAP to offer ICAP’s pricing data on a range of instruments via MasterFeed, its consolidated securities reference data and end-of-day pricing feed service. This will enable the data vendor to provide its clients with both trade data and evaluated prices via a single feed, says JR Rieger,...
Northern Rock Signs Three-Year Deal with CounterpartyLink
The UK’s Northern Rock has entered into a three-year agreement to take legal entity data from CounterpartyLink. The deal includes additional data from CounterpartyLink’s new version, 1.4, enhanced to support clients in complying with the Third EU Money Laundering Directive and MiFID (Reference Data Review, March 2007). The data will initially be used in the...
NAB Custodian Services Selects Markit Complex Derivatives Valuations…
NAB Custodian Services (NCS), a securities services provider in Australia, has appointed Markit provider of complex OTC derivatives valuations. Markit will provide NCS with an independent, post-trade calculation of the gross asset value of a portfolio of complex OTC derivative trades. Valuations will be provided on a daily basis for vanilla and exotic instruments, and...
Delta Lloyd Selects CMA For Price Verification
Delta Lloyd Asset Management, a Dutch fund manager, has selected CMA’s price verification data service, CMA DataVision. Arnold Gast, head of credit for Delta Lloyd Asset Management, says: “We selected CMA DataVision because it provides a timely, comprehensive, true market view. We also like CMA’s buy side aggregation model focus on gathering average pricing views...
CUSIP Service Bureau Launches CUSIP-Based ISIN Look-up Service
The CUSIP Service Bureau (CSB) has launched a web-based CSB-ISIN Look-up Service, which provides unique CUSIP-based International Securities Identification Number (ISIN) identifiers for more than 3.6 million securities and their issuers. This new web-based capability makes it easier for institutions to identify securities issued by the CSB and efficiently trade, settle and clear securities by...
… While Quantifi Extends Asset-Backed Securities Valuations
Quantifi Solutions has extended the functionality of its credit derivatives valuation software to include the ability to price correlation products on asset-backed securities (ABS) such as tranches on the ABX index (TABX). Quantifi’s new tools for valuing TABX and tranches on baskets of ABCDS build upon existing modelling tools for synthetic CDOs on corporate credits...
Interactive Data Increases Coverage of Euro ABS/MBS…
Interactive Data’s Pricing and Reference Data business has added new capabilities which will increase coverage of its evaluations for European asset-backed securities (ABS) and mortgage-backed securities (MBS) to approximately 3000 tranches. Interactive Data’s new models for providing evaluations will enhance European coverage of residential mortgage-backed securities (RMBS), as well as a whole range of other...
CounterpartyLink Upgrades Compliance Product for MiFID
CounterpartyLink has upgraded its compliance data product to address the requirements of MiFID and the Third EU Money Laundering Directive, both of which come into effect in November this year. Although each of the new directives has its own specific requirements, there are some common themes around the need to adopt a risk-based approach to...