Accuity Enhances SSI Presentment in the Global Banking Resource
Accuity, a provider of payment routing data, AML screening software and services is pleased to introduce new enhancements that have been made to its industry leading online payment look up tool, the Global Banking Resource (TGBR). The Correspondents page on TGBR has been reconfigured to allow users to more easily associate correspondents with specific beneficiary...
Advent Software Announces Release of Axys 3.8
Advent Software, a provider of software and services for the global investment management industry, today announced the release of Axys 3.8, an important update to Advent’s turnkey portfolio accounting and reporting solution. The latest release of Axys marks Advent’s continued commitment to keeping the platform current as technology and regulatory changes impact its client base....
Bloomberg’s BSYM Open Symbology Seeks Gain from Rivals’ Regulatory Travails
To suggest Bloomberg’s introduction this month of its Bloomberg Open Symbology (BSYM) initiative is in no way connected to the recent regulatory activity in this space would be naive. Bloomberg clearly has one eye on the travails of rivals Standard & Poor’s and Thomson Reuters, both of which are having trouble with EU anti-competition investigators....
LCH.Clearnet’s OTC SwapClear Service Clears One Millionth Trade
SwapClear, LCH.Clearnet Limited’s OTC interest rate swap clearing service, has cleared its millionth trade, taking the notional value of trades in SwapClear to US$206 trillion. Launched in 1999, SwapClear currently clears 64% of the global interbank interest rate swap market and the range of products cleared has been extended to include overnight index swaps of...
Deutsche Börse Launches Web Portal for Portfolio Risk Assessment
Deutsche Börse’s SENSIS data product has been available via its own web portal since Monday. SENSIS supplies investors and investment advisors with objective key indicators for systematic risk measurement of tradable investments. Internet users can run through their own investment scenarios at www.sensis-data.com, and optimise investment portfolios or investment recommendations in line with their personal...
EC Launches Competition Probe into Thomson Reuters RIC Codes
The European Commission has opened its formal anti-trust proceedings against Thomson Reuters concerning a potential infringement of the EC Treaty’s rules on abuse of a dominant market position by virtue of its Reuters Instrument Code (RIC) symbology. The Commission says it will investigate Thomson Reuters’ practices in the area of real-time market datafeeds, and in...
OCC Completes US Market Tests in Preparation for OSI, But is Enough Data Available?
The February deadline for the launch of the Options Symbology Initiative (OSI) is fast approaching and the Options Clearing Corporation (OCC) has been conducting a battery of tests over the last couple of months in the US market to test the industry’s level of preparation for the new 21 character codes. According to the OCC,...
Accuity Incorporates Batch Functionality in the New Version of IBAN Payment Resource to Further Enhance Research Efficiency
Accuity, a provider of payment routing data, AML screening software and services, has launched version 3.1 of IBAN Payment Resource, its online look up tool for validating and converting International Bank Account Numbers (IBANs). The newest version offers important enhancements, including batch processing for hundreds, even thousands of records simultaneously. IBAN Payment Resource’s new batch...
NYSE Euronext and DTCC Finalise Joint Venture Agreement to Create New York Portfolio Clearing
NYSE Euronext (NYX) and the Depository Trust & Clearing Corporation (DTCC) today announced they have finalised their formal agreement to create their innovative new joint venture, New York Portfolio Clearing (NYPC). A draft application for NYPC to be granted status as a Derivative Clearing Organisation with the Commodity Futures Trading Commission (CFTC) and draft amendments...
SwapClear Passes US$1 Trillion in Overnight Index Swap Trades in 11 Weeks Since Launch
LCH.Clearnet Limited’s SwapClear service has surpassed the US$1 trillion market in cleared overnight index swap (OIS) trades in only 11 weeks since OIS clearing was launched. SwapClear is the leading global interest rate swap clearing service. Launched in 1999, it currently clears circa 64% of the global interbank interest rate swap market and, at 30...