B.I.S.S. CA Benchmarks Highlight Data Strengths of Vendor Systems
The findings of the 2006 B.I.S.S. Corporate Actions Benchmarking Report show that the systems of the four providers covered in detail – CheckFree, Information Mosaic, SmartStream and Tata Consultancy Services (TCS) – all score well in the data handling categories. B.I.S.S. Research confirms all these vendors have invested heavily in their systems and developed new...
Reuters Offers Bear Stearns CDS Prices Alongside Composite
Reuters has teamed with Bear Stearns Pricing Direct (PricingDirect) to provide its customers with credit default swaps and interest rate swaps prices from PricingDirect, alongside its own composite. For Bear Stearns Pricing Direct, this is an opportunity to tap into a significant distribution network, especially outside the US. According to Bob Rose, senior managing director,...
FT Interactive Data Rolls Out Markit Independent Loan Valuations
FT Interactive Data has entered the third phase of its roll-out of data from Markit Group to its clients, under its established partnership with the vendor. FT Interactive Data clients can now access independent valuations of syndicated bank loans via its FTS online portfolio administration service. Markit’s single name CDS and CDS indices data is...
Bloomberg Bolsters Credit Capabilities with CMA DataVision…
Bloomberg has added CMA’s same day closing credit default swap (CDS) prices – CMA DataVision – to the Bloomberg Professional service. CMA DataVision provides data for more than 2000 single name CDSs, indices and tranches, delivered by 5pm London and 5pm New York time. Bloomberg believes that the integration of CMA DataVision with existing credit...
AMF Releases CA Recommendations
The Asset Managers Forum (AMF) of the Bond Market Association has released an exposure draft of recommended best practices for processing corporate actions. One recommendation is that custodians use at least two sources for corporate actions information and cross-check them for accuracy. The comment period for the draft ends on November 30.
…While Reuters Adds CDS Prices from Bear, Stearns
Reuters clients will now be able to receive credit default swaps and interest rate swaps pricing evaluations from Bear Stearns Pricing Direct. The addition of PricingDirect evaluations to Reuters Pricing and Reference Data is, says Reuters, the first step of a broader strategy to provide its customers with independent credit derivatives pricing based on a...
LSE Defends New Pricing Model For Corporate Actions Data
The London Stock Exchange refutes the suggestion that its new pricing policy for subscriptions to its corporate actions data by distributors is simply an attempt to extract more revenues from data vendors. According to Mark Husler, head of reference data at the exchange, the new policy, due to take effect in April 2007, is the...
CicadaRisk in Transition To Independent Entity
An announcement is expected within weeks concerning the repositioning of CicadaRisk, provider of risk management solutions based on Algorithimics’ risk technology and Cicada’s data management technology. The objective is to enable CicadaRisk to operate more as an independent entity within the financial markets vertical of its principal financial backer Investors Guaranty. CicadaRisk has operated as...
CounterpartyLink Inks Deal With Nomura International
Nomura International has signed a three-year agreement to take legal entity data from CounterpartyLink. According to the vendor the international arm of the big Japanese bank is using its legal entity data product to validate and enhance its entity reference database. Nomura’s entity data files are compared to the corresponding entity records held by CounterpartyLink,...
Siperian Brings Client Data Management System to Europe
Providers of counterparty and client data management solutions in Europe face new competition from California based Siperian, which in partnership with Deutsche Boerse-owned counterparty data specialist Avox has secured a soon-to-be-announced deal with what it describes as a major European bank. On the back of this, Siperian is beefing up its presence in Europe, opening...