Numerix Opens Middle East and Africa Office in Dubai, Orchard to Head
Numerix has opened a new regional office in Dubai as a satellite of the EMEA group, which is based in London. The office will be managed by Neil Orchard, vice president, who is responsible for the region. The opening of the office in Dubai is to provide permanent local support for the vendor’s clientele. “While...
Pricing Partners, Lunalogic and Prime Source to Host Valuations Conference in Paris
Valuations vendors Pricing Partners and Prime Source and consultancy firm Lunalogic are organising a conference on valuation and transparency in financial markets in Paris on 18 June. The conference will include roundtables and take place between 6pm and 8.15pm at the NYSE Euronext auditorium. After an introductory speech by Marc Litzler, former head of Calyon,...
LaBranche Structured Products Opts for GFI’s Fenics FX Pricing and Analysis
New York’s LaBranche Structured Products has licensed Fenics FX Pricing and Analysis from GFI Group for use on its FX option desk. Andrew Dexter, head of FX Options at LaBranche, says: “We evaluated multiple systems for FX Options pricing, risk management, and transaction processing and believe that Fenics is the best system available for us....
Pricing Partners Opts for Thomson Reuters DataScope to Feed its Valuation Platform
Valuations vendor Pricing Partners has selected Thomson Reuters’ DataScope to provide it with market data to calculate independent valuations using its proprietary pricing model, Price-it. Eric Benhamou, CEO of Pricing Partners, explains that it selected the Thomson Reuters offering because of its asset coverage and reliability. “As our customers expand into new markets and geographies...
Bravura Joins Fincad Alliance Programme to Embed Analytics into Garradin
Wealth management solution vendor Bravura Solutions has signed up to the Fincad Alliance Programme in order to allow it to embed Fincad’s analytics library into its Garradin investment management system. The vendor hopes that this will provide additional pricing and risk analysis capability, especially with regards to meeting buy side clients’ transparency requirements. “Garradin clients...
Investment Management Department of Pension Provider Opts for OTC Val
The investment management department of an unnamed provider of life insurance, pensions and investment products has opted for weekly valuation reports of their exotic derivatives and structured product portfolio from OTC Valuations (OTC Val). According to Bob Sangha, managing director of the vendor, the valuations are used for collateral management and financial reporting purposes and...
MBA Systems Adds Portfolio Performance Facility to Speedreport Service
MBA Systems has added a new portfolio performance facility to its Speedreport client reporting service, which enables reports to include benchmark-based graphic illustrations that show the percentage change in value over a selected time period. The vendor claims the new facility is in response to the recent volatility in the markets in order to allow...
Interactive Data Adds 12pm GMT Evaluations for North and Latin American Equities
As hinted at during its recent webinar on valuations, Interactive Data’s Pricing and Reference Data business has now expanded the capabilities of its Fair Value Information Service by introducing new London 12pm (GMT/BST) evaluations for North American and Latin American equity securities. Shant Harootunian, managing director of evaluations for the vendor, explains that the move...
SIX Telekurs Reaches 30,000 NAV Milestone for its Intraday Pricing Service
SIX Telekurs has reached the milestone of delivering 30,000 intraday fund net asset value (NAV) prices through the Funds Fast Module of its Intraday Pricing Service. Funds Fast is a managed service which the vendor claims allows clients to receive fund price values from administrators up to eight hours earlier than from other vendors or...
Markit to Provide Post-trade Processing Services for OTC Derivatives for Northern Trust
Northern Trust has signed up for Markit to provide it with post-trade processing services for its OTC derivatives when the implementation is completed in the second and third quarter this year. Custody and investment outsourcing operations clients of the bank will therefore have access to the new capabilities, which include reconciliation and confirmation services, via...