Financial InterGroup’s Grody Publishes Two New Papers on Data and Risk
Allan Grody, president of strategic advisory firm Financial InterGroup Advisors, has published two new papers aimed at shedding some light on the areas of risk management and data in the current market environment. The first paper, Infrastructure Issues in the Financial Services Industry: A Case for a Central Counterparty for Data Management, explores the potential...
Avox and Cusip Global Services Launch New 10 Character Business Entity Identifier Code
Avox and Cusip Global Services (CGS), which is managed by Standard & Poor’s on behalf of the American Bankers Association, have joined forces to create a universal identification system for global business entities. Ken Price, CEO of Avox, and Scott Preiss, vice president in the Securities Classifications group at S&P, explain the details of the...
EDM Council Champions Data Management with Regulatory Community
The EDM Council has been busy over the last couple of months championing the cause of data management with the regulatory community. According to the industry organisation’s latest report, it has been working with the European Central Bank (ECB) to engage national and global associations, industry participants and regulators in discussions about data tagging in...
Markit Document Exchange Partners with CTI for Tax Documentation
It has been a busy month for Markit’s documentation management platform. Following the signing of partnership agreement with Avox earlier in April, the vendor has now partnered with tax compliance software and consulting company, Compliance Technologies International (CTI). Under the agreement, the vendors are working together to integrate CTI’s electronic W-8 application for the US...
Avox Partners with Markit Document Exchange to Provide Combined Offering
Following the announcement of its partnership with EDM vendor Asset Control in February, business entity data specialist Avox has signed another partnership agreement, this time with Markit’s documentation management platform. Under the new agreement, Markit Document Exchange and Avox will work together to provide their mutual clients with a combined business entity data and documentation...
DTCC and Markit Partner for Automation of Syndicated Loan Reconciliation
The Depository Trust & Clearing Corporation (DTCC) is establishing a link between its Loan/SERV Reconciliation Service and Markit’s Wall Street Office (WSO) loan management system. The two vendors are working together to establish the link, which they claim will facilitate the automation of syndicated loan reconciliation and thus reduce the operational risk involved in the...
Point Nine Launches New Real-Time Counterparty Risk and Collateral Management Module
Middle and back office service provider Point Nine has added a new real-time counterparty risk and collateral management module to its service offering. The module, which has been dubbed Ellipse, was created in response to client requirements for increased automation for collateral management and greater analysis capabilities for counterparty risk measurement, claims Yannis Matsis, CEO...
Fitch Ratings and S&P to Consider Counterparty Risk Measurement Changes
Ahead of the Securities and Exchange Commission (SEC) roundtable on the 15 April, Standard & Poor’s and Fitch Ratings have both indicated that they are considering changes to the way they assess counterparty risks for certain structured products. The SEC is due to scrutinise the practices of the ratings agencies later this month and is...
Omgeo and DTCC Establish Data Feed Between CrossCheck and Trade Information Warehouse
Omgeo and the Depository Trust & Clearing Corporation (DTCC) have added an automated data feed between Omgeo’s centrally hosted, exception management solution, CrossCheck, and DTCC’s post-trade database for OTC derivatives, Trade Information Warehouse. According to the vendors, the link is designed to reduce operational risk by allowing market participants to align their OTC derivatives portfolios...
Interactive Data Extends Business Entity Data Offering with Launch of New Service
Interactive Data’s Pricing and Reference Data business is extending its current business entity data offering with the launch of a new Business Entity Service in the second quarter of this year. The vendor has been offering a European only business entity data service, which is available as an optional module of FTS, since 2006 but...