RiskVal Integrates Markit Pricing and Reference Data into Credit-X
Fixed income trading and risk management system vendor RiskVal has integrated Markit’s industry standard pricing and reference data into its Credit-X trading platform. Jordan Hu, CEO of RiskVal, explains that the integration of Markit’s data onto the platform is aimed at simplifying the investment management process for credit instruments. The alliance is aimed at creating...
An Enterprise Pricing Policy is Needed for the Valuation of Complex Products, Says Numerix and CMA
Financial institutions must develop internal support for complex products with the implementation of an “enterprise pricing policy”, according to a recent report by Numerix and CME Group-owned Credit Market Analysis (CMA). The report discusses the importance of consistent pricing policies for the accurate valuation of complex derivatives and structured products and outlines the implementation process...
Kanji Pitamber Selects GFI Fenics FX for Pricing and Risk Management
Indian financial services group Kanji Pitamber & Co has selected GFI Fenics FX, a pricing and risk management system for foreign exchange options from GFI Group, for use in its Mumbai head office. According to head of currency options at Kanji Pitamber, Unnati Parekh, the firm licensed the system, which covers pricing and analytics, in...
SEC and FASB Work Towards Mark to Market Guidelines
Despite the ongoing controversy surrounding the US mark to market accounting rules over recent months, legislators have thus far refused to give up on them. Last week, the chairman of the US Senate Banking Committee, Christopher Dodd, confirmed that the rules would be modified but the underlying standards would remain in place. The rules have...
Quantifi Claims 2008 as a Strong Year for Growth with 37% Increase in Clients
Despite the economic downturn, analytics and risk management solutions provider Quantifi experienced what it reckons was significant growth over the course of last year. Rohan Douglas, CEO and founder of the vendor, says that the results are indicative of the increased demand for its credit pricing and risk analytics solutions. “In particular, we witnessed a...
JPMorgan Agrees to Provide ISDA with CDS Pricing Engine to Increase Transparency
JPMorgan has agreed to hand over its proprietary credit default swap (CDS) pricing engine to the International Swaps and Derivatives Association (ISDA) as an open source platform with a view to improving transparency in the market. It is hoped that this move will deter regulators from stepping in to regulate the sector, which has come...
NZX in Discussions to Sell Carbon Registry Business to Markit
New Zealand exchange NZX is currently in discussions with OTC data specialist Markit to sell its wholly owned carbon registry business, TZ1 Registry, to the vendor. According to a spokesperson from Markit, discussions about the sale have been ongoing for four months and the deal is still awaiting formal board approval. TZ1 Registry is the...
S&P’s FIRMS Launches Raft of New Services While Facing EC Scrutiny
It certainly has been a busy month for Standard & Poor’s and it seems that some parts of the business have had a better January than others. S&P’s Cusip Service Bureau (CSB) has not had a good start to the year with the European Commission’s announcement on 12 January that it will be investigating the...
Reval Claims 50% Increase in Revenue for 2008 and 75 New Clients
Originally appeared in MiFID Monitor In keeping with the perception that risk has become a key focus for investment in the current environment, risk management solutions provider Reval has announced strong client growth over 2008. According to the vendor, it experienced a 50% increase in revenue and the addition of 75 new clients over last...
Interactive Data Adds More Information on Fixed Income Evaluations, Promotes Duggan to COO of Evaluated Services Business
Interactive Data Corporation’s Pricing and Reference Data business has added more data, including a daily market commentary on the fixed income markets, to support its fixed income evaluations services. The vendor says it decided to provide more information within the service free of cost to its client base with a view to increasing transparency into...