Markit and Genpact Release KYC Service
Markit’s tie-up with business process specialist Genpact, which was made back in September 2013, has come to fruition in a Know Your Customer (KYC) service designed in conjunction with Citi, Deutsche Bank, HSBC and Morgan Stanley. Called Markit | Genpact KYC Services, the companies’ KYC offering is based on Markit’s Counterparty Manager service and Genpact’s...
Andbank Selects AIM’s Gain Portfolio Pricing Data Management Application
AIM Software’s business approach to data management has been endorsed by Andbank, a private bank based in Andorra that has gone live with the company’s Gain Portfolio Pricing data management application. The AIM solution was chosen following a comprehensive evaluation and selection process and is being used to service the bank’s primary private banking and...
Interactive Data Automates Price Review Process with Vantage Price Validation Workflow
Interactive Data has added a price validation workflow to its Vantage web application for evaluated pricing transparency. The Vantage Price Validation Workflow module automates pricing exception handling and validation processes, cutting out typically manual processes and reducing operational costs. The price validation workflow is designed to provide a central hub for client validation activities and...
Interactive Data Tracks Evolution of Fair Value Practices
Interactive Data has published the results of its 2013 Fair Value Practices survey, noting a rise since its last report in 2011 in the number of mutual fund firms using fair value practices every day, and a rise in the number of firms using a confidence level threshold at the security level to invoke fair...
Finance and Insurance Firms Turn to Third-Party Service Providers for Corporate Credit Valuations
Global banks, asset managers and insurance companies are adopting innovative approaches to valuing high-yield corporate credit in response to regulatory and client demand for transparent, defensible and timely evaluated pricing. Instruments under particular scrutiny include high-yield bonds, leveraged loans and collateralised loan obligations, all of which can be hard to price and all of which...
Numerix Offers Early Solution for Funding Value Adjustment
Numerix has added a universal framework for funding value adjustment (FVA) calculations to the risk module of its CrossAsset pricing and risk analytics suite. The solution is aimed at helping firms calculate accurate FVA and identify the true profit and loss of OTC derivatives operations. The Numerix implementation is among the first to support computation...
Aim Software Upgrades Gain to Meet Pricing Needs of Clearstream International
Aim Software has responded to a request from Clearstream International for increased pricing performance and timely price delivery with an upgrade to its Gain data management platform. The upgrade can support daily pricing of over 700,000 records based on 2 million raw prices in less than 20 minutes. Clearstream International, the international central securities depository...
Thomson Reuters Sets Plans for Newly Acquired Pricing Partners
Thomson Reuters’ acquisition of Paris-based Pricing Partners formalises a working relationship between the companies, adding derivatives evaluated pricing services and risk analytics, global reach, expertise and an expansion opportunity to Thomson Reuters Pricing Services. The acquisition was closed last week and while no financial details were disclosed, Thomson Reuters has confirmed that Pricing Partners will...
A-Team Group Webinar Discusses the Trend Towards On-Demand and Real-Time Valuations
Regulators and participants in fixed income markets are calling for more frequent valuation updates, but an emerging trend towards real-time valuations will be neither universal nor useful for all securities. A webinar hosted last week by A-Team Group editor- in-chief Andrew Delaney, and joined by experts from Bloomberg, Interactive Data and S&P Capital IQ, discussed...
Talking Reference Data with Andrew Delaney: Everything You Ever Wanted to Know About Valuations (Part 2)
As I mentioned last week, issues around establishing fair value for less liquid securities remain a focus for many in the financial data business. The marketplace has seen the emergence of highly specialised financial products over the past several years, and data practitioners are having to come to grips with how to deal with these...