Patrick Williamon Joins XSP as Quality Assurance Manager
XSP, the global leader in automated end-to-end Corporate Actions solutions, today announced that Patrick Williamon has joined the Company as a Quality Assurance Manager. This appointment has been further supported by new hires within its Quality Assurance and Development teams. Williamon joins XSP as the Quality Assurance Manager, responsible for running the day-to-day operation of...
Markit Boosts Index Business Scalability with XSP CA Platform Upgrade
Markit’s renewal and extension of its corporate actions processing platform deal with XSP will allow it to expand its operations to serve more customers and make more calculations while maintaining accuracy and timeliness. As part of the renewal, Markit has added XSP’s Headline Indices functionality to the XSP v5 platform it operates in-house. According to...
Morningstar Launches Morningstar Analyst Rating for Funds, New Global Scale for Qualitative Ratings
Morningstar, a leading provider of independent investment research, today launched the Morningstar Analyst Rating for funds, the company’s new global scale for qualitative fund ratings. The Morningstar Analyst Rating is a designation assigned by Morningstar fund research analysts around the world and derived from the company’s five pillar analytical framework that considers the following key...
Markit Signs Multi-Year Contract Renewal and Service Expansion with XSP to Streamline Corporate Actions Processing
XSP, the global leader in end-to-end Corporate Actions automation, announced today that Markit, a leading, global financial information services company, has signed up for XSP’s new Headline Indices functionality. Markit uses the XSP v5 platform to supply buy- and sell-side firms with daily calculations for its various index services. The addition of XSP’s Headline Indices...
Panel Agrees LEI Standards and Infrastructure are Likely to Face Some Delays, CFTC Deadline is First Milestone
A lot of progress may have been achieved this year with regards to moving towards a new legal entity identification (LEI) standard, including getting the G20 to pay attention to the work that has happened thus far (see more on which here), but once the initiative reaches the implementation stage there are likely to be...
Monoline Exposures Resulted in $54 Billion in Charges for Banks, According to New ISDA Study
The counterparty credit risk exposure of 12 US bank holding companies and international banking companies to monoline insurers has led to some $54 billion in write-downs by the banks since 2007, according to a new analysis by the International Swaps and Derivatives Association, Inc. (ISDA). ISDA conducted the study as part of its examination into...
Sun Life Global Investments Selects Broadridge Canada’s Smart Fund Facts Solution
Broadridge Financial Solutions, today announced that Sun Life Global Investments (Canada) has started an initiative to use Broadridge Canada’s Smart Document Creation solution for the automated creation of regulatory Point-of-Sale (POS) Fund Facts documents. The Smart Document Creation solution will create Fund Facts documents for mutual funds through an automated document creation process. In addition...
Leading Russian Investment Bank, VTB Capital, Selects Quantifi for OTC Analytics, Pricing and Portfolio Valuation
Quantifi, a leading provider of analytics, trading and risk management solutions for the global OTC markets, today announced that VTB Capital has licensed Quantifi XL as their front-office tool for OTC analytics, pricing and portfolio valuation. VTB Capital, the investment business of VTB Group, is a leader in global investment banking. VTB Capital offers a...
SunGard adds Fitch Solutions CDS Data to its FastVal Service for Independent Valuations
SunGard has chosen Fitch Solutions consensus CDS pricing service to enhance SunGard’s FastVal, an independent valuation service for vanilla and structured OTC derivatives. Fitch’s CDS Pricing Service covers up to 3,000 single name CDS contracts using independent pricing data from the member banks of Fitch’s global pricing services consortium. It also includes Fitch CDS Benchmarking...
Thomson Reuters Integrates DataScope Pricing and Reference Data with Black Mountain Systems’ Everest
Thomson Reuters has just completed the integration work involved in allowing Black Mountain Systems’ portfolio management system Everest clients to access the data giant’s DataScope Select pricing and reference data. Brian Buzzelli, head of pricing and reference data for the Americas region at Thomson Reuters, explains the details of the customised data integration process, which...