Pricing Partners Releases the Miri Benhamou Gobet Model
Pricing Partners announced today that it has released the Miri Benhamou Gobet model in its analytics suite, entitled Price-it. The Miri Benhamou Gobet model as explained in seminal publications is a combination of local volatility and jump model. Thanks to its local volatility feature, it can capture and calibrate very effectively smile volatility surface. But...
CQS Win is Representative of OTC Val’s Post-Acquisition Appeal, Says Tullett’s Humphrey
Following its acquisition of specialist derivatives valuation vendor OTC Val earlier this year, Tullett Prebon has bagged its first public client win in the form of hedge fund CQS. According to Paul Humphrey, CEO of Tullett Prebon’s Electronic Broking and Information division, this win is representative of the increased customer appeal of the OTC Val...
Broadridge to Expand its Business Process Outsourcing Services
Broadridge Financial Solutions, a technology services and outsourcing company to the global financial services industry, today announced a major expansion of its outsourcing solutions offering. In response to market demand, Broadridge has extended its business process outsourcing (BPO) services beyond securities processing functions and, in order to offer greater flexibility to global financial institutions, now...
WestLB Selects Quantifi’s Cutting Edge Credit Valuation Adjustment Pricing Tool
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced that WestLB, a European commercial bank, has selected Quantifi’s next generation Credit Valuation Adjustment (CVA) pricing tool, Quantifi CVA. Being able to correctly price and manage counterparty risk is a key priority for financial institutions as they look...
ECB Indicates Preliminary Price of 13 Cents Per Instruction for T2S Settlement with 30 CSDs on Board
The European Central Bank (ECB) has released its preliminary price estimates for settlement on its Target2-Securities (T2S) settlement system, due to be launched in September 2014, which indicate that if all 30 European central securities depositories (CSDs) join, settlement could be as low as 13 cents per settlement instruction. This will therefore essentially split the...
StatPro Evaluated Pricing Service Selected by BofA Merrill Lynch Global Research
StatPro, a global provider of portfolio analysis software and asset valuations, today announced that it will become the primary independent provider of evaluated pricing for BofA Merrill Lynch Global Research Bond Indices for Canada, Mexico and Brazil. StatPro’s fixed income methodologies incorporate bond terms and conditions, proprietary pricing models and real-time quotes from contributing dealers....
Hedge Fund CQS Selects OTC Valuations to Deliver Valuation Reports
Following OTC Valuations’ (OTC Val) acquisition by Tullett Prebon earlier this year, OTC Val has been selected by leading hedge fund CQS, to provide monthly independent valuation reports for their complex structured credit portfolio. Shaun Brick, head of product control at CQS, commented: “As part of CQS’s continuing process of enhancing control and pricing accuracy...
Accuity Introduces Chinese Language Functionality for Online Compliance
Accuity, a provider of global payment routing data, AML screening software, and services, today unveiled Chinese language functionality for its web-based look-up tool, Online Compliance, powered by WorldCompliance. A versatile component of Accuity’s Compliance Solutions, Online Compliance allows users to identify and research sanctioned entities, Politically Exposed Persons (PEPs) and other high-risk individuals and organisations....
CFTC Plans Roundtable on Data Details of OCR Reporting for Next Week, Including Entity ID Proposals
The Commodity Futures Trading Commission (CFTC) has indicated that it will lead a public roundtable on 16 September to discuss its proposed new ownership and control report (OCR), including the practicalities of customer identification. The move is in response to the concerns raised by industry participants, including Futures Industry Association (FIA) president John Damgard who...
QuIC’s Record Growth Spurs Move to Larger UK Office
QuIC Financial Technologies, a risk management, pricing and analytic solutions vendor, has today announced the relocation of the company’s London office to a larger facility at the historic old Stock Exchange Building, situated at 125 Old Broad Street. The move enables QuIC to support the increasing global demand for its risk management solutions, and the...