France’s Octo Finances Selects Pricing Partners for Eurostoxx EMTN Valuations
French investment firm Octo Finances has chosen Pricing Partners’ OTC derivatives valuations service, Price-it, to provide it with independent valuation for callable euro medium term notes (EMTNs) on Dow Jones’ Eurostoxx index. According to Maurice de Boisséson, head of research for Octo Finances, the firm selected the solution to provide greater transparency to its clients...
Thomson Reuters to Use Lewtan’s ABSNet Data for Valuation Risk Service
Thomson Reuters has selected Lewtan Technologies’ ABSNet to provide it with asset backed securities (ABS) data in order to expand its Valuation Risk Service. The vendor will use the ABSNet cash flow library to provide its clients with additional coverage of structured finance instruments in Europe, says Karl Mackelburg, global head of structured finance and...
SIX Telekurs Partners with CSV for Complex Securities Pricing
SIX Telekurs has signed a partnership agreement with CSV Incorporated in order to expand its evaluated pricing for illiquid securities with complex structures. The vendor has added CSV as a source of independent, transparent valuations for complex securities to provide its customers with more coverage and greater depth of information, explains Barry Raskin, managing director...
Reval Releases New Version of its Web-based SaaS Offering for Fair Value Developments
Risk management solutions and valuations provider Reval has released a new version of its web-based software as a service (SaaS) offering, which it claims includes enhancements to allow for credit adjusted valuations in accordance with fair value accounting standards. Jiro Okochi, the vendor’s co-founder and CEO, explains that version 9.0 of the solution provides a...
AXA Hedging Services Opts for Price-it Excel for Interest Rate Derivatives Valuations
AXA Hedging Services has chosen Pricing Partners’ flagship pricing solution, Price-it Excel, to value some of its interest rates derivatives. Laurent Bourlard, CEO of the internal service provider subsidiary of AXA, indicates that the firm selected the solution because of its additional analysis functionality. “We were looking for a solution that could support not only...
Markit Appoints Ex-NewOak Capital Exec McPherson as MD of Structured Pricing Services
Markit has appointed ex-NewOak Capital executive, Neil McPherson, as a managing director in its New York office to manage and expand its structured finance pricing services. Prior to working for the New York-based asset management firm, McPherson was head of ABN Amro’s asset backed securities syndicate desk and managing director at Credit Suisse First Boston,...
Pendo Systems Develops OTTI Analysis Report for FASB Accounting Requirements
Accounting solutions vendor Pendo Systems has developed a new report aimed at assisting its clients in identifying investments that come under the other than temporary impairment (OTTI) classification, as specified by the Financial Standards Accounting Board (FASB). OTTI has been a hot topic over the last few months, as the FASB has been coerced by...
SciComp Releases SciFinance Version 5.0 with Added Functionality for OTC Derivatives Pricing
Derivatives valuations software vendor SciComp has released a new version of its flagship SciFinance pricing software solution, which it claims will help quantitative developers shorten model development time and create models with faster execution speeds. Version 5.0 of the software has been altered to reflect the new market conditions and new OTC derivatives, says Curt...
SIX Telekurs Provides Pricing Feed to ValueLink for PriceValidation Clients
ValueLink has selected SIX Telekurs’ Intraday Pricing Service (IPS) as a data provider for its PriceValidation solution. The vendor will cleanse the data from SIX Telekurs’ real-time Market Data Feed (MDF) against a number of feeds from different data suppliers and internal sources and provide it as an optional feed for its PriceValidation clients, explains...
Interactive Data Launches New Weekend Pricing Service for Middle Eastern Exchanges
Interactive Data’s Pricing and Reference Data business has introduced a new weekend market close pricing service for 13 Middle Eastern and North African exchanges. The service, which is available via Interactive Data’s FTS securities administration tool, provides end of market prices for the exchanges in the region where trading occurs during weekends, explains Bob Cumberbatch,...