Breaking News: DIFC Hires UBS to Explore Options for Sale of SmartStream
The investment arm of the Dubai International Financial Centre (DIFC) has hired UBS to handle the potential sale of SmartStream Technologies to a willing bidder. DIFC Investments is seeking to divest itself of several of its “non-core” investments before the end of next year, as indicated by the asset sale plan that it released in...
Interactive Data Offers New Evaluated Pricing Challenge Portal
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it now offers an innovative client management and compliance oversight tool, which is designed to provide audit trails and compliance reports for a firm’s pricing challenge process. This new, easy to use web-based challenge portal can increase client workflow...
XSP Goes Mobile
XSP announced today that it is the first to unveil a mobile application for corporate actions processing. The new mobile app will be presented at the Sibos conference taking place October 25-29, 2010 in Amsterdam. Leveraging the customisable user interface technology behind the XSP GO! product, this mobile version offers clients ‘on-the-go’ access to corporate...
UK FSA Contemplates Mandating the Introduction of Data Governance Staff and Systems
In keeping with its increased focus on the data details of firms’ transaction reports, the UK Financial Services Authority (FSA) is now contemplating mandating that firms appoint a data governance officer and introduce a data assurance programme to ensure that standards of data quality are being maintained. This is all part of its more intrusive...
Bloomberg Bows to Pressure to Maintain Support for BUID Indefinitely
The migration plans of data giant Bloomberg to gradually move users from its BUID identifier to its new Bloomberg Global ID (BBGID), which is at the heart of its open symbology initiative, have hit a roadblock. Users have exerted pressure on the vendor to step back from the initial migration timeline and to maintain support...
Smart Collateral Management: Removing the Manual Processes
By David Campbell, Securities Product Manager, Investment Services and Nolan Gesher, Senior Product Manager, Risk and Compliance, Fiserv In 2009, 70% of all OTC derivatives trades were subject to collateral agreements, proving significant challenges. The lack of standardised processes, which can be a burden, also provides opportunities. By using systems and processes to address the...
Information Mosaic Finally Launches Asset Surveillance Solution, Focus on Counterparty Risk Monitoring
As previously revealed by Reference Data Review back in August, after 16 months of development, post-trade solution vendor Information Mosaic has finally launched a new asset surveillance solution aimed at providing a consolidated view of network and depository counterparty risk through a single user interface. The vendor has been pilot testing the solution with two...
BTG Pactual Supports London Credit Business with Quantifi XL
BTG Pactual, the largest independent investment bank based in the emerging markets, has selected Quantifi XL to support a new credit business it is building at its London base. The bank’s London office selected the Excel-based Quantifi XL software for the pricing and analysis of its credit products after assessing a range of other solutions...
Thomson Reuters’ Craig Talks up a More Integrated Approach to Risk Data
The launch of its new Governance, Risk and Compliance (GRC) business unit at the end of last month, is the culmination of two years of integration work behind the scenes at data giant Thomson Reuters. David Craig, who was recently appointed president of the business unit, explains to Reference Data Review that GRC is aiming to support...
SIX Telekurs Expands its Evaluated Pricing Business
Responding to the more stringent demands of the latest International Financial Reporting Standards (IFRS), and the increasing client need for transparency, SIX Telekurs has re-structured and expanded its Evaluated Pricing business. SIX Telekurs’ Evaluated Pricing is a solution which provides prices for a broad selection of fixed income instruments and derivatives, which are independent, transparent,...