Increased Timeliness and Complexity Have Put Valuations Teams Under Pressure, Says JPMorgan’s Guibout
The risk data requirements of clients and regulators have resulted in an increase in the need for intraday pricing and much more data around a price, explained Marcel Guibout, executive director of the fund accounting product in EMEA for JPMorgan Worldwide Securities Services, to attendees to last week’s SIX Telekurs valuations roadshow in London. This...
SmartStream Planning to Add Entity, Corporate Actions and Settlement Instruction Data to DClear in the Future
There may be some debate about SmartStream’s future ownership at the moment, but the vendor is not about to let that hold back the development plans for its reference data utility solution DClear, according to David Penney, executive vice president of strategy and product development at the vendor. SmartStream is currently working on adding more...
Avox and GoldTier Partner on Enhanced ‘Know Your Customer’ System
Avox, a supplier of legal entity data on financial entities globally, announced today that it has partnered with GoldTier, a compliance software provider, to create an enhanced system to help the financial industry comply with increasingly strict regulatory “Know Your Customer” (KYC) requirements. GoldTier is a leading provider to financial firms of software for onboarding...
CUSIP Global Services Makes its CABRE Business Entity Database Freely Available to CUSIP Customers
CUSIP Global Services (CGS) today announced plans to make its CABRE business entity identifier database freely available to CUSIP customers, effective 1 December. The new standard code, known as a CABRE (CUSIP Avox Business Reference Entity identifier), was created through a strategic partnership between CGS and Avox Limited, a DTCC company. The CABRE database is...
Fidelity ActionsXchange Plans Subscription-based Solution, Notifications and Response Also on the Radar, Says Pollard
Fidelity ActionsXchange has recently upgraded its ActionService platform via the addition of an announcement offering to capture corporate actions data closer to the issuer source and this will act as the foundation for the development of the vendor’s planned subscription-based solution, says Laura Pollard, executive vice president and head of Fidelity ActionsXchange. The vendor is...
CSB Faces Lobbying on Cusip ID Fees from Three US Industry Associations
Reflecting the general desire within the user community for lower costs and easier access to instrument identifiers, this week, three US-based industry associations have sent a letter to the Securities and Exchange Commission (SEC) asking the regulator to step in and limit the fees that Standard & Poor’s’ Cusip Service Bureau (CSB) charges for its...
Euroclear’s de Pauw Talks up Corporate Actions Standards, T2S’ Ongoing Impact
International central securities depository (ICSD) Euroclear has been spending a lot of time recently consulting with its user groups about market best practices and standards and how it can improve its servicing of the corporate actions space, according to Edwin de Pauw, director of product management at the ICSD and CSD. This is only natural...
Fidelity ActionsXchange Captures Corporate Actions Faster/Closer to Source
Fidelity ActionsXchange, a Fidelity Investments company and leading provider of global corporate actions and related security events, today introduced an enhanced version of its ActionService platform, which automates and customizes the delivery of corporate actions, such as stock splits and corporate restructurings, on more than 2.5 million securities to some of the world’s largest financial...
CECA Extends Use of SunGard’s FastVal Analytics for Valuing Complex Derivatives
Confederación Española de Cajas de Ahorros (CECA), the National Association of Spanish Savings Banks, is expanding its use of SunGard’s FastVal Analytics, a comprehensive suite of derivatives pricing models used by international financial institutions for derivatives pricing and structuring, risk management, model validation and benchmarking. The extended use of FastVal will help the association’s financial...
ECB’s Trichet on the Importance of Stats: Reading from the Ref Data Utility Hymn Sheet?
Last month, European Central Bank (ECB) president Jean-Claude Trichet delivered the opening address to the central bank’s own conference on statistics and much of his speech was strangely familiar. Referring directly to the need for a “public reference data utility” that could provide “standardised information on instruments and entities that would be operated on the...