Markit RED Available to Murex Clients
Mutual customers of Murex and Markit Group Limited (Markit) can now access Markit credit pricing and reference entity data (RED) through Murex’s credit derivatives trading and risk management platform. The strategic relationship between the two companies will give joint customers online access to benchmark credit default swap (CDS) and bond pricing as well as reference...
FactSet Opts for Telekurs VDF To Support Securities Master File
As it continues to expand its own information services offerings, Norwalk, Conn.-based FactSet Research Systems Inc. has opted to use Telekurs Financial’s Valordata Feed to augment the securities master file it uses to underpin management of the numerous internal and external data sources it uses. As well as augmenting its security master file, FactSet will...
S&P Teams with Markit to Offer Entity-Issue Link for Credit Swaps
Following a custom implementation at Rabobank International, Standard & Poor’s has launched Reference Entity Link, aimed at the credit default swaps marketplace. The service, which draws upon Markit’s Reference Entity Database (RED) provides full issuer and issue coverage behind each CLIP code. CLIP codes – named for Cusip-Linked Entity Markit Code (Reference Data Review, March...
Azdex Offers Not-for-Profit Access To Utility for Entity Identification
Counterparty data utility Azdex, backed by its 51% owner Deutsche Boerse, has put itself forward as a potential not-for-profit facilitator to help financial institutions meet the requirements for handling entity identifiers ahead of the deadline for MiFID, the EU’s Markets in Financial Instruments Directive. According to Azdex CEO Ken Price, the company is not seeking...
Markit Launches European ABS Pricing Service
Markit has launched an independent pricing service for European asset-backed securities (ABS), providing same day bid/offer prices and the spreads and average life assumptions on more than 3,500 European ABSs. The service receives daily mark-to-market pricing inputs from all the major dealers, which Markit cleans and validates prior to price dissemination. Dealers have the ability...
Mondas Adds Fidelity ActionsXchange Data to Radica CAPS
A new alliance between Mondas, a corporate actions processing software provider, and Fidelity ActionsXchange, will allow clients working with both companies to receive cleansed corporate actions data feeds from Fidelity ActionsXchange’s ActionService product directly through Mondas’ Radica CAPS platform. The interface will allow Mondas’s Radica CAPS clients to automate the capture of global corporate actions...
EDM Council Swells Ranks at Second Meeting
The Enterprise Data Management (EDM) Council attracted a number of new members at its second meeting, held earlier this month. New members include ABN Amro, Barclays Capital, HSBC, M&G and Nomura, and bring the total membership to 39, representing 25 user firms and 12 members from the five founding vendor sponsors: Cicada, BearingPoint, GoldenSource, IBM...
Credit Suisse Asset Management Signs 5-Year Deal with Xcitek
In a five-year deal with Xcitek to automate its corporate actions processing, Credit Suisse Asset Management (CSAM) in New York, part of Zurich-based Credit Suisse Group, will use eTRAN (Electronic Tracking Response and Notifications) and the ISO 15022-Compliant Messaging Module of XSP for automated client event notification and response capture of elections. Using these tools,...
Credaris Chooses Markit For Credit Data Services
Meanwhile, Credaris Portfolio Management, an independent investment management platform, has chosen pricing and valuations vendor Markit for its credit data services. Credaris, which has EUR 1.3 billion in assets under management, provides tailored solutions to European financial institutions aiming to generate high risk-adjusted returns from their credit market asset allocations. Credaris will receive Markit’s credit...
ValueLink adds PFPC International as Client for Bond Pricing
PFPC International Dublin has signed up for ValueLink Information Services’ daily closing pricing service with validation reporting. PFPC will use ValueLink’s multiple bond feeds, which, in addition to the standard dual validation, allows clients to switch between vendors on individual assets in order to obtain the latest quotes. PFPC also benefits from ValueLink’s report service,...