Thomson Reuters Expands Fixed Income Valuation Offering with New CLO Pricing Capability
Thomson Reuters announced today the launch of a new Collateralised Loan Obligation (CLO) evaluated pricing service, delivered via DataScope Select, its strategic distribution platform for non-streaming global content and pricing. This new pricing capability will provide end-of-day valuations for global cash CLOs, including both broadly syndicated and middle market deals, and give investors greater transparency...
Financial Industry Trade Associations Coalition Releases Framework for a Global Legal Entity Identifier System
A coalition of financial-services trade associations today released a comprehensive set of requirements for establishing a legal entity identifier (LEI) system to aid regulators and industry in monitoring systemic risk. The Trade Associations note that the requirements document released today is meant to be an evolving solution that will be refined as others participate in...
ISO Selects Swift as its Registration Authority for the New LEI Over Other Bidder ANNA
After months of jumping through the requisite hoops, industry network provider Swift has beaten the Association of National Numbering Agencies (ANNA) to the punch and has been selected as the registration authority for ISO’s new 20 character legal entity ID code, which is currently in draft format. The standards setting body is currently in the...
SIX Telekurs White Paper: Transparency in Evaluated Pricing
In an effort to help bring clarity and understanding about transparency in evaluated pricing, SIX Telekurs is pleased to announce the release of a new white paper that describes our thoughts and practices. The paper will be discussed publicly for the first time in a workshop at the upcoming A-Team “Data Management for Risk, Analytics...
CFTC and SEC Describe Data Focused Investment Plans for 2012, CFTC Establishes Data Standardisation Subcommittee
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have once again testified before the Senate regarding requests for an increase in their budgets for next year, including US$66 million earmarked by the CFTC for technology and US$78 million for the same on the part of the SEC. During his testimony,...
Swift Selects Sword FircoSoft to Support New Centralised Sanctions Screening Service
Swift, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries, has selected Sword FircoSoft to provide components of its new centralised Sanctions Screening service. Economic sanctions are growing in importance as a tool to fight financial crime. As a consequence, complying with evolving sanctions regulations and frequently updated lists...
More Formal Management of Instrument Valuation Needed, Says Xenomorph
Xenomorph, the analytics and data management solutions provider to global financial institutions, has today released its white paper “Instrument Valuation Management: management of derivative and fixed income valuations in a multi-asset, multi-model, multi-data source and multi-timeframe environment”. The white paper expands on the “Rates, Curves and Surfaces – Golden Copy Management of Complex Datasets” white...
ICBC Asia Moved to Pricing Partners’ Derivatives Pricing Analytics to Enhance its Flow Derivatives Activities
Pricing Partners announced today that Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), the flagship of Hong Kong banking business of Industrial and Commercial Bank of China Limited, the world tier one bank, selected Pricing Partners’ derivatives analytics, Price-it Excel to enhance its flow derivatives desks activities. The agreement was signed through its...
Omgeo Celebrates 10th Anniversary
Omgeo, the global standard for post-trade efficiency, today announced that it is celebrating 10 years of successful partnerships with its global community in automating trade lifecycle events, streamlining operations and reducing counterparty risk. Founded in 2001 by Thomson Financial (now Thomson Reuters) and the DTCC, Omgeo has become a key partner in trade lifecycle automation....
ISDA Raises Concerns About Representation of Liabilities in Recent FASB/IASB Exposure Draft
The International Swaps and Derivatives Association (ISDA) has raised its concerns about the representation of an entity’s financial position, solvency, and exposure to credit and liquidity risk in the proposals in the Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) recent exposure draft on the offsetting of financial assets and financial liabilities....